2merkato

Ethiopia’s Public Procurement and Property Disposal Service earned 193 million Birr from the disposal of used materials in the just concluded fiscal year. The revenue was generated from the sales of scraps metals, vehicles and other office materials.

Ethiopian Roads Authority (ERA) disclosed a total of 1,412 kilometers of roads were constructed all over Ethiopia in the just concluded fiscal year. Nonetheless, the Authority’s plan was to construct about 1,557 kilometers of road, meaning the performance was 93 percent of the target set.

Agricultural Land Investment Administration Agency has served 7 commercial farm developers with warning letters. The commercial farm developers who occupy 37,500 hectares of land in Ethiopia, are served with the letters for leaving land unutilized for so long.

Ministry of Agriculture and Natural Resource (MANR) disclosed it has prepared 13 million hectares of land across Ethiopia to be cultivated in Meher season.

The federal legislature of Ethiopia, House of Peoples’ Representatives (HPR), promulgated a new income tax law today July 26, 2016.

The World Bank has granted 6 million USD to one of public universities in Ethiopia, Haromaya University. The grant is to assist the higher learning institution’s effort to become one of the leading research center of excellence in the African Continent.

Geological Survey of Ethiopia (GSE) disclosed in the just concluded fiscal year 20 new areas rich in mineral resources were identified.

Ministry of Foreign Affairs disclosed during the first 10 months of the just concluded fiscal year, Ethiopia earned 4 billion USD in remittance.

Southern Nations Nationalities and Peoples’ State (SNNP) Culture and Tourism Bureau disclosed the state has been visited by more than 1 million tourists from abroad as well as Ethiopia in the just concluded fiscal year.

Metal Engineering Industry Development Institute disclosed the demand for electronics and engineering products made in Ethiopia is increasing to which in response the country has been expanding its market. The Institute earned 22.7 million USD by exporting products to the USA, Africa, Europe and Asia.