2merkato

Tigray State of Ethiopia disclosed it collected 2.6 billion Birr in the first 9 months of the current fiscal year. The money was collected from tax and non-tax revenues.

Agriculture and Rural Development Bureau of Tigray State, one of the 9 federal division of Ethiopia, forecasted 28 million quintals of crop will be harvested from this season.

The Investment Commission of the Tigray Regional State's Interim Administration has announced that 55 investors with registered capital exceeding Birr 20 billion in the Tigray Region have been granted investment permits.

These permits were granted to investors engaged in socially and economically beneficial fields, primarily in agro-processing, manufacturing, construction equipment supply, tourist accommodation, and mining, from January to June 2023, according to the Development Investment Management Division of the Commission.

The licensed investors are expected to create job opportunities for 10,000 young people when they launch their production and services next year. The Commission is also conducting a survey to determine the status of over nine thousand investors who were previously engaged in investment in the region before the Tigray war.

Source: Ethiopian News Agency

Tigray State’s Revenue Authority disclosed that it has managed to collect a total of 2 billion Birr revenue in the first 6 months of the current fiscal year.

State of Tigray, one of the 9 states of Ethiopia, disclosed it is going to construct an Agro-processing industrial park. The park is expected to be constructed at an outlay of 2.3 billion Birr.