The Ethiopian Agricultural Corporation announced that it generated more than USD 1.64 million in revenue from the export of incense products during the completed 2024/25 fiscal year.
The Ethiopian Agricultural Research Institute said it will introduce new improved wheat varieties to farmers, Ethiopian News Agency reported.
After visiting model farms growing improved wheat varieties in Gurage Zone of South Ethiopia Peoples' State, Crop Research Director with the Institute, Dr Asnake Fikire said, the new varieties produce high yield while resisting diseases and drought.
The Ethiopian Air Lines posted a record net profit of 2.03 billion Ethiopian birr in the concluded 2012/13 fiscal year. This year's profit is 178 percent higher than the 734 million birr profit reported in the previous fiscal year.
According to unaudited report made public at a press briefing on Thursday August 29, 2013, at Hilton Hotel, the Airline's operating profit has increased to 2.7 billion birr, a 165 percent growth.
The International Air Transport Association’s (IATA) latest study on the importance of air transport and tourism to Ethiopia revealed that the sustained prioritization of air transport, connectivity and tourism as a strategic asset would support an additional 900,000 jobs and at least $9.3 billion of GDP by 2037.
Ethiopian Airlines, has collected a 25.1 billion birr profit in its eight months of operation, Diriba Kuma, the Transport Minister told parliament last Tuesday presenting his office’s eight-month performance report.
According to the minister, the airline’s projection for the current Ethiopian Fiscal Year is to increase its total revenue to 30.1 billion birr, and so far it has achieved 82 percent of it its earning target.
