Ethiopia’s capital, Addis Ababa, collected 15.4 billion Birr in the previous months of the current fiscal year. According to Addis Ababa Finance and Economic Development Bureau, the city’s revenue has been increasing on yearly basis.
Intending to attract more investment towards the city's hotel industry, the City Council of Addis Ababa decides to open a convention bureau.
Ethiopia’s capital city is going to get 294 mobile toilets that are worth 30 Million Birr. Addis Ababa Water & Sewerage Authority (AAWSA) is going to take delivery of the toilets that are three square meters from the Metal and Engineering Corporation (MetEC).
The National Bank of Ethiopia (NBE) is set to undergo significant institutional reorganization as the country moves toward a more liberalized financial system. Two key proclamations—the NBE establishment proclamation and the banking business proclamation—are expected to be finalized in the coming weeks, marking a turning point for Ethiopia’s banking sector.
Ethiopia generates over USD 1.016 billion in the first seven months of the fiscal year from coffee, tea, and spice exports. Coffee exports alone contributed over USD 1.011 billion, marking a record-breaking achievement of surpassing USD 1 billion in less than half the fiscal year.
