During the first nine months of the current Ethiopian fiscal year, the country granted investment licenses for 15 foreign and 29 domestic companies that would participate in the development, exploration, and production of minerals.
Ethiopia lifted the almost year long ban on the export of raw cotton in view of the increase in production this year according to sources.
The decision was passed after a meeting between Mekonnen Manyazewal, Minister of Industry and Tefera Derbew, Minister of Agriculture and representatives from the textile industry last week.
The meeting followed a complaint received by the government from cotton growers who pointed out to excess cotton stored in their warehouses with textile factories purchasing less than the expected quantities.
The Ethiopian Ministry of Trade and Industry announced that it has lifted excise tax imposed on export of pickled and white blue leather products, effective January 06, 2020.
Ethiopia looks for foreign companies to take part in the housing development program, Ethiopian News Agency reported (ENA).
The first 5 months of the current fiscal year had seen Ethiopia making a 143.88 million USD from the export of oilseeds – exceeding the plan by 11.2 percent. The development was disclosed by the country’s Ministry of Trade.
