Lelise Neme, Commissioner of Ethiopian Investment Commission (EIC) announced that Ethiopia has secured an FDI (foreign direct investment) of $1 billion during the first four months of the Ethiopian fiscal year that started on July 8, 2021.
Addis Ababa Water and Sewerage Authority (AAWSA) signed a $490,000 project agreement with the Japan International Cooperation Agency (JICA) aimed at strengthening AAWSA's capacity to reduce water dispensation without revenue generation.
Commercial Bank of Ethiopia (CBE) announced that it has secured $2.64 billion in foreign exchange from remittances sent home during the Ethiopian fiscal year that ended on July 8, 2021.
Ethio Telecom has announced a 5 percent bonus when users in Ethiopia receive remittance money from abroad via its mobile money service telebirr. The bonus is to be used to buy Ethio Telecom's air time and mobile packages.
Ethiopia's Ministry of Mines announced that it has earned $241 million from the export of gold during the last five months. Takele Uma, Ethiopia's Minister of Mines, called the achievement "encouraging" despite various challenges posed especially due to security issues around mining sites.
