Ethiopian Diaspora Send Home $1.1Bn in Remittance 3 Months
The Ethiopian Diaspora Agency announced that Ethiopian diaspora from all over the globe have sent home $1.1 billion during the past three months via legal means.
The Ethiopian Diaspora Agency announced that Ethiopian diaspora from all over the globe have sent home $1.1 billion during the past three months via legal means.
Shan Tex Manufacturing Ethiopia has started exporting products from Ethiopia's Bole Lemi Industrial Park. The company has exported its first round of over 45,000 sweaters to the Italian market.
Safaricom has formally made inquiries about the possibility of launching its mobile-based money transfer services, M-Pesa, in Ethiopia and the additional license fee that will be required.
A leather goods production company, Andrea Shoes, based in Ethiopia's Dire Dawa Industrial Park, started exporting its products to the Italian market. In this first batch, the company has exported over 18,600 pairs of shoes, generating $80,336 in revenues.
Ethiopia's Ministry of Revenues announced that it has collected over 53.9 billion birr in the month of October alone. The amount stands at 95.26 percent of the 56.59 billion birr target set for the period, Lake Ayalew, Minister of Revenues noted.
