The Ministry of Revenues has announced that it has collected more than Birr 815 billion in the first 11 months of the current fiscal year, according to a performance report presented to the Standing Committee on Planning, Budget and Finance of the House of Peoples’ Representatives.
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Arba Minch City has earned Birr 16.7 million in tourism revenue so far this Ethiopian fiscal year, marking an increase of Birr 7 million compared to the same period last year, according to Mesfin Menza (PhD), the mayor of the city.
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The Ethiopian Investment Holdings (EIH) signed a memorandum of understanding (MoU) with US International Finance Partners (USIFP) on the sidelines of the U.S.-Africa Business Summit in Luanda, Angola. The agreement, worth over USD 200 million, aims to develop luxury hotels, branded residences, and related tourism facilities in Ethiopia.
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The Somali Regional State’s Pastoral Development Bureau announced a major increase in camel milk production, rising from 1.4 billion to 2.2 billion liters annually. The boost comes as a result of the region’s efforts to modernize camel farming and improve animal productivity.
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The 7th edition of the Agro Food trade fair officially opened at the Millennium Hall in Addis Ababa, bringing together participants from 14 countries, including China, Germany, India, Saudi Arabia, Turkey, and the United Arab Emirates.
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