2merkato

Ethiopia has secured $2.8 billion from exports alone in the past ten months of the fiscal year that started in July 2020, the Ministry of Trade and Industry (MoTI). This has shown an increase of 16 percent compared to $2.42 billion of the same period last year. 

Ethiopia's Ministry of Revenues announced that it has collected over $5.56 billion( 238.3 billion birr) in ten months of the fiscal year that started in July, 2020. The amount stands at 98.24 percent of the 242.63 billion birr target collection the ministry set for the period.

Using its refurbished Nanyuki railway, Kenya hopes to raise its cargo movement to Ethiopia, authorities said.

Ethiopia has launched ‘Telebirr’ - a mobile money service that allows customers of Ethio Telecom, the country's telecom services provider, to send, store and receive money using only their phone number. ‘Telebirr’ aims to extend mobile services to our financially excluded sections of society.