Ethiopia 8th largest FDI Recipient in Africa
Ethiopia has become the eighth largest recipient of Foreign Direct Investment (FDI) in the year 2014 in Africa, according to the new Ernst and Young (EY) attractiveness survey on Africa.
Ethiopia Accepted Request to Host African Aviation Training HQ
International Civil Aviation Organization (ICAO) has made a request to Ethiopia to host the African Civil Aviation Training Organization's Headquarter, according to The Ethiopian Herald.
Ethiopia Accepts Proposal for Excise Tax Lift on Textile
The Ministry of Industry accepted last week a proposal by the Ethiopian Textile and Garment Manufacturers Association to lift excise tax and to lower custom duty tax on imported textiles.
Late in August, a new study had proposed that the 10 percent excise tax imposed on imported textile products be lifted.
The study also suggested that separate taxes be imposed on finished and partially finished textile products replacing the indiscriminate 35 percent tax.
Ethiopia Achieves Record Coffee Export Revenue
Ethiopia secured over USD 196 million from the export of 42,322 tons of coffee in just one month, setting a new record for foreign currency earnings, according to the Ethiopian Coffee and Tea Authority.
Ethiopia Achieves USD 140 Million in Energy Export Revenue
Ethiopia secured USD 140 million from energy exports in the recently concluded Ethiopian fiscal year, marking a 16 percent increase from the previous year. A 17 percent increase was registered in domestic energy demand compared to last year.
