Industrial Parks Development Corporation revealed that the performance of industrial parks had begun showing improvement after a period of relative stagnation. The CEO of the Corporation, Aklilu Tadesse, said that Ethiopia was able to see improvements because investors were able to access markets other than the United States where the country was a beneficiary of the African Growth and Opportunity Act (AGOA).
Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 13 December 2022.
The African Development Bank Group approved a USD 10 million grant for the Tulu Moye Geothermal Project which would be used tie project’s drilling program. In 2020 a USD 1.55 million grant was allocated for the project by the USD International Development Corporation while Geothermal Risk Mitigation Facility provided an additional grant of USD 9.9 million.
The Ministry of Trade and Regional Integration announced that China allowed duty free access to 1,644 items that will be exported from Ethiopia. Ethiopia is not required to fulfill any obligation in return.
Ethiopian Airlines said that it had completed a study to commence construction of a mega project called “Airport City” in Oromia Regional State in the 2022/2023 fiscal year. The project will include modern hotels, duty free shopping centers and, a cargo logistics center and take USD 5 billion to be completed.
