2merkato

Ethiopian Commodity Exchange (ECX) traded 14.47 billion birr’s worth of agricultural commodities in the first half of the 2017/18 fiscal year, it reported.

Ethiopian Commodity Exchange (ECX) started trading rice digitally on April 6, 2023 by trading grade one rice entered by ECX’s Bure branch for Birr 6,400 per quintal. A total of 60 quintals of rice were traded for Birr 383,232 on the same date.

Ethiopian manufacturing industries and import-export companies are participating in the 8th World Cooperation Industries Forum. The Forum is being held in Istanbul with a view to enhancing the cooperation between African and Turkish investors and showcase the products of Turkey’s Small and Medium Enterprises.

The Forum will be closed on March 23rd. It is hosting manufacturers from 41 countries and 300 Turkish manufacturers. Close to 1000 visitors are expected to attend the Forum.

Source: Fana BC and WCI Forum

Image source: Fana BC

Five Ethiopian companies which are engaged in business outsourcing will engage in an international technology fair which will be held in Dubai this year. The companies participating in the GITEX Global Summit in Dubai are Africom Technologies, Excellerent Technology Solutions, IE Network Solutions, Orbit Health Solutions, and R&D Group.

Ethiopian company, Belayab Car Assembly plc, introduced a new model vehicle assembled in Ethiopia. The company based in Adama, Ethiopia is in partnership with First Automobile Workshop a Chinese company.

The new model vehicle, named Vela, is expected to retail for 315, 000 birr with an initial promotional discount rate of 290,000 birr to 298,000 birr.

Belayab reached an agreement with the First Automobile Workshop a year before it began production on the Vela according to Solomon Habtamu Manager of Belayab.