Somalia Becomes Top Buyer of Ethiopia's Exports
Somalia has become the top destination for Ethiopia's exports during the fiscal year that ended on July 7, 2021, nudging the Netherlands to the second-largest importer of Ethiopian products.
Somalia has become the top destination for Ethiopia's exports during the fiscal year that ended on July 7, 2021, nudging the Netherlands to the second-largest importer of Ethiopian products.
The Ethiopian Diaspora in the US have made a contribution of over $1.75 million so far for the construction of the Grand Ethiopian Renaissance Dam (GERD), Fitsum Arega, Ethiopian ambassador to the US, announced.
KenGen, Kenya Electricity Generating Company, said the multi-million dollar project it is undertaking in Ethiopia to drill geothermal wells is "on course", with four sets expected to come to completion before the end of 2021.
Ethiopia and Italy signed a cooperation agreement intended to gain the support of the latter for women to enter and grow in Ethiopia's leather industry.
The Ethiopian Investment Commission (EIC) announced that Ethiopia has attracted foreign direct investment (FDI) amounting to $3.9 billion during the fiscal year that ended on July 7, 2021. Compared to the previous year, the figure has shown an increase of almost a billion dollars, by over 34 percent.
