Following the severe drought that hit Ethiopia, the country will not be able to meet its projected 11 % economic growth for the current fiscal year. It will expand only by between 7% and 10%.
Prime Minister Hailemariam Dessalegn noted, “The economy will continue to register growth, if not a double-digit fast economic growth”.
Add a comment Add a commentMinistry of Mines, Petroleum and Natural Gas (MoMPG) announced Ethiopia would provide potash for the international market in the coming 4 years.
Add a comment Add a commentEthiopia’s Ministry of Finance and Economic Cooperation faced 14.4 billion Birr budget deficit in the first six months of the current fiscal year. The Ministry generated 80.5 billion Birr income but its expenditure was 95 billion Birr.
The six performance show there is a 7.7 percent increment in tax revenue when compared to last year’s performance. However, this was lower than what was planed.
Add a comment Add a commentEthiopian National Accreditation Office (ENAO) announced that it aimed to create a uniform system of accreditation across Ethiopia. The office encourages service seekers to benefit from its specific services such as laboratory testing, calibration, certification and inspection.
Add a comment Add a commentDevelopment Bank of Ethiopia (DBE) announced it aims at extending 112 billion Birr loan during the second Growth and Transformation Plan (GTP II) period.
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