Ethiopia generated more than 1.7 billion USD in the first 6 months of the current fiscal year. The announcement was made by the Ministry of Culture and Tourism.
According to Public Relations and International Affairs Director at the Ministry, Gezahegn Abate, explained the revenue was collected from 470,000 tourists that visited Ethiopia during the period.
Add a comment Add a commentMinistry of Culture and Tourism conducted rating for hotels in Tigray Region, Northern Ethiopia. Gezahegn Abate, Public and International Relations Director at the Ministry, explained 8 out of 34 hotels were rated by the Ministry.
10 hotels were ineligible for the rating since they had problems regarding their license, Gezahegn explained.
Add a comment Add a commentConstruction of 4 tunnels which are part of Meqele-Woldeya-Hara Gebeyehu railway line commenced, Ethiopian Railways Corporation (ERC) noted. Upon completion the railway line will have 8 tunnels.
Add a comment Add a commentEthiopian Roads Authority (ERA) concluded 5.7 billion Birr agreement for the upgrade and administration of Neqemte – Bure Road of Ethiopia.
The agreement is concluded for the upgrade of the 257 kilometers gravel road to asphalt road. The agreement also includes administering and maintaining the road once the upgrade is done.
Add a comment Add a commentThe World Bank inked 33 million USD loan with Ethiopia.
The loan agreement was signed by Ahmed Shide, State Minister of Finance and Economic Cooperation, on Ethiopia’s part and Carolyn Turk, World Bank Country Director for Ethiopia, Sudan and South Sudan, on the bank’s behalf.
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