Latest Business Alerts

Ethiopia's Ministry of Revenues Collects $1.15 Mn in First Two Months of Fiscal Year

revenues-ministry-logoEthiopia's Ministry of Revenues announced that it has collected over $1.15 million (42.2 million birr) during the Ethiopian fiscal year that started July 7, 2020. This has shown a 10.7 percent increase compared to the same period of last year, the Ministry pointed out, and stands at 107 percent of the target set for the two months, which was 39.43 million birr.

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Ethiopian Resumes Flights to Windhoek, Namibia

ethiopian-planeEthiopian Airlines has resumed its flights to Namibia's capital Windhoek this week. Ethiopian's flight to Namibia's Hosea Kutako International Airport last week was the first international arrival to the destination since the wake of the coronavirus pandemic, carrying 43 passengers and 11 crew members.

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EU Gives €2 Mn to Support Locust Affected Communities in Ethiopia

eu-flagThe European Union (EU), through its Civil Protection and Humanitarian Aid Operations (ECHO) Directorate-General, has provided UNICEF with two million euros to support areas in Ethiopia that have been hit by desert locusts. The funding will help support communities in Afar, Amhara, Oromia, Somali, and Tigray regions that are highly affected by desert locust.

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Ethiopia Introduces New Birr Notes

new-birr-notes-2020Ethiopia today unveiled new Birr notes for 10, 50, and 100 denominations, with the introduction of a new Birr 200 note, Prime Minister Abiy announced in a tweet. The new notes will curb the financing of illegal activities, and also help prevent corruption and contraband, PM Abiy added. The 5 birr note, however, remains unchanged.
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