2merkato

The Sidama Regional Industrial Parks Development Corporation announced that it had earned more than USD 3.3 million from avocado oil exports in the fiscal year ending March 31. During the same period, the Yirgalem Agro-Industrial Park processed 16,000 tons of raw materials.

Ethiopia has unveiled a plan to transform its construction industry and position local companies to compete across Africa. The announcement came during the launch of the Ethiopian Construction Industry Transformation Initiative, attended by Deputy Prime Minister Temesgen Tiruneh and senior officials.

Addis Ababa Transport Bureau Operations Director, Ato Dagnachew Shiferaw, said the shift aligns with the city’s future transportation policy and strategy, which prioritizes buses and metered taxis capable of carrying more than 25 passengers.

The Federal Public Procurement and Property Authority reported that more than Birr 308 billion worth of procurement was facilitated through the electronic procurement system in the 2024/25 fiscal year. 

Arerti Industrial Park reported supplying ceramic products worth over Birr 2.9 billion to the domestic market during the 2024/25 fiscal year, significantly reducing reliance on imports.

The Ethiopian Agricultural Corporation announced that it generated more than USD 1.64 million in revenue from the export of incense products during the completed 2024/25 fiscal year.

The Ethiopian Airlines Group has appointed the African Development Bank (AfDB) as the mandated lead arranger to secure USD 8 billion in debt financing for the new Bishoftu International Airport, a USD 10 billion mega-project set to become Africa’s largest airport and a key global hub.

Ethiopia is set to secure an estimated USD 115 million in carbon trading revenue through landmark agreements with the World Bank and the Norwegian government, the Ethiopian Forest Development (EFD) has announced.

The Addis Ababa City Administration Environmental Protection Authority has announced that it collected more than Birr 48 million in revenue from construction mineral producers during the 2024/25 fiscal year, surpassing its annual target.

Trade and investment agreements worth more than USD 44 billion are expected to be finalized at the fourth edition of the Intra-African Trade Fair (IATF 2025), scheduled for 4–10 September 2025 in Algeria.