Ethiopian Coffee and Tea Authority disclosed that more than 1,000 farmers were licensed to export coffee during the past three years. Among these farmers, 100 have been able to export coffee directly to foreign markets.
Out of six enterprises, Privatization & Public Enterprises Supervising Agency (PPESA) floated, only one attracted a buyer.
The Ministry of Revenues and Birhan Ena Selam Printing Enterprise have signed a memorandum of understanding (MoU) to introduce QR codes on tax receipts, marking a significant step toward improving tax collection efficiency and curbing the circulation of counterfeit receipts in Ethiopia.
The Industrial Parks Development Corporation (IPDC) announced a significant increase in investment in the country's industrial parks. Out of a total of 177 shades, 157 are now occupied by investors, leaving only 20 available for new investments.
Ethiopian Enterprise Development (EED) reported that it would facilitate the provision of operating loan and machine lease to manufacturing enterprises in the current fiscal year by strengthening engagements with regional bureaus and financial institutions.
Accordingly, it revealed that operating loans totaling ETB 1.66 billion would be distributed to 1,591 manufacturing enterprises through banks and microfinance institutions. EED also stated that production equipment worth ETB 1.6 billion would be provided to 1,430 enterprises.
