Ethiopia and the African Development Bank (AfDB) have signed a USD 184 million grant agreement to support Phase II of the Ethiopia - Djibouti - South Sudan Transport Corridor Project.
Ethiopian Intellectual Property Authority (EIPA) announced Ethiopia's commitment to safeguarding its genetic resources and associated traditional knowledge. This comes after signing the Final Act of a new treaty with the World Intellectual Property Organization (WIPO) on May 24, 2024.
Ethiopia will soon have a transformer factory with a production capacity of over 10,000 transformers per annum, Ethiopian News Agency reported.
Ministry of Trade (MoT) disclosed it is planning to earn U.S. $ 2.51 Billion from the export of non-manufactured or agricultural products. This forecast is 16.6 percent higher than what the nation targeted for the past fiscal year.
Ethiopia has purchased fuel worth over two billion dollars during the nine months since July 8, 2019, the Ethiopian Petroleum Supply Enterprise announced. The amount was used to purchase over 2.9 million metric tons of benzene, kerosene, aviation fuel, and diesel during the period.
