Ethiopia’s Coffee Industry Generates USD 2.7 Billion in Revenue
Ethiopia’s coffee industry brought in USD 2.7 billion in revenue in the last fiscal year, according to the Ministry of Agriculture.
Ethiopia’s Credit Rating Kept at B by Fitch Ratings
Fitch Ratings had rated Ethiopia’s credit and kept it at a “highly speculative” B expecting the government to meet its fiscal deficit target of 2.9 percent of gross domestic product in 2015, Bloomberg reported.
Ethiopia’s Crop Export Revenue Decreases by 41 Percent
The amount of revenue Ethiopia has garnered from oil seeds, cereals and other products in the first quarter of this year has lowered by 41.3 percent compared to the same period past year, Ministry of Trade reported.
Ethiopia’s Custom Authority Holds Talks With Business People
The Ethiopian Revenue and Customs authority held talks with business people from the Merkato area, center for business activity in Ethiopia. The meeting was held at the National Lottery Administration Hall last week.
The meeting was expected to relax some tension in the Merkato business community following the drastic measures enforced by the ‘The Merkato Project’ to enforce tax compliance.
Ethiopia’s Dairy Farming to Receive USD 10 Million Boost from KOICA
The Korea International Cooperation Agency (KOICA) has dedicated USD 10 million to a five-year initiative aimed at enhancing dairy farming in Ethiopia. This project's primary objectives are to increase milk production and productivity, enhance the capabilities of dairy farmers, and establish connections between dairy farmers and agro-industries.
