Ethiopia and Kenya are the leading countries in making use of the Africa Growth Opportunity Act (AGOA) treaty in the East African region, it has been reported.

Ethiopia's Amhara region disclosed that a granite deposit amounting to over 23 million tons has been discovered in three districts of the East Gojam zone.

The Ethiopian government, via its Communications Authority, has extended an invitation to telecom companies to submit their interest for the acquisition of two nationwide full-service telecommunications licenses.

The National Bank of Ethiopia issued a directive limiting the amount of cash withdrawal allowed, effective May 19, 2020. As per the directive, individuals can withdraw a maximum of 200,000 birr per day and a million birr per month. Companies, however, can withdraw up to 300,000 birr per day and 2.5 million birr per month.

Ethiopia's nine months exports have earned the country $2.09 billion, the Ethiopian Ministry of Trade and Industry announced. This year's revenue, compared to the nine-month period last year, has shown a ten percent increase.