2merkato

The North Shoa Zone in Ethiopia has seen a significant increase in investment in the past year. The zone initially planned to register investments totaling Birr 25 billion, but it ended up receiving investment registrations amounting to over Birr 42 billion. This is a 72% increase over the original target.

The Ministry of Mines has announced that the earnings from exported minerals totaled USD 226.8 million in the 2022/23 fiscal year. The Ministry also reviewed its performance during the year, highlighting that a total of Birr 896.8 million was granted to both domestic and foreign developers engaged in mineral exploration, production, and processing.

More than 900,000 international tourists visited Ethiopia in the last fiscal year, generating USD 2 billion in revenue for the tourism sector.

The Governor of the National Bank of Ethiopia, Mamo Mihretu, has stated that the bank is working hard to finalize a regulatory framework that will allow foreign banks to operate in Ethiopia. This is part of an effort to deepen financial intermediation, regulate the financial sector, and accelerate digitization efforts.

The Ethio-Djibouti Railway (EDR) has announced its plan to increase its annual freight turnover capacity from two million to six million within the next five years. An additional goal on the company's agenda is a rise in revenue from Birr three billion to eight billion annually.

The next "India-Africa ICT Expo" set to take place in Addis Abeba, Ethiopia on August 9–10, 2023, was discussed during a meeting between the Director General of Telecom Equipment and Services Export Promotion Council (TEPC) and the Ethiopian Ambassador to India, Demeke Atnafu.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 31 July 2023.

Ethiopian Industrial Inputs Development Enterprise (EIIDE) has created a 10-year strategic plan to achieve international competitiveness and seize the finest market prospects in the area.

For the current fiscal year, the Ministry of Revenues (MoR) has set a goal of collecting Birr 529 billion in taxes. This represents a 17% increase over the prior fiscal year.

During the 2022/2023 fiscal year, Ethiopia's horticulture export industry generated USD 660 million in revenue. The sector is anticipated to reach USD 731 million in the upcoming 2023/2024 crop season.