Ethiopia’s horticulture sector showed improvement in the 2021/2022 fiscal year after being severely affected by the COVID-19 pandemic. Exports from the sector reached USD 628 million during the fiscal year surpassing expectations. The flower sector alone obtained USD 541 million making Ethiopia the second largest exporter of flowers in Africa.
Ethiopia is on track to complete mega dam projects towards enhancing its role on the East African Power market according to Alemayhu Tegenu, State Minister.
The primary dam, the 4.1 billion US dollar Grand Renaissance Dam is on track for completion by the 2015 deadline he said.
Two other smaller dams are also expected to launch operations at the same time to generate a combined 8 thousand Mega Watts at full capacity explained Alemayhu.
Ethiopia is one the African countries designated as emerging in the telecom sector according to the Ministry of Communications and Information Technology.
The number of cellular phone subscribers in Ethiopia has reached 18 million in Ethiopia which exhibits the increasing progress of ICT in the country according to Dr. Debretsion Gebremichael, Minister of Communication and Information Technology.
Dr. Debretsion made these remarks at the opening of the Africa Regional Bureau of International Telecommunications Union, Performance Evaluation Meeting 2011 held in Addis Ababa last week.
The Ethiopian Investment Commission (EIC) announced a policy shift allowing companies in industrial parks to sell half their production domestically. This aims to incentivize investment, stabilize market prices, and boost production.
In a bold move designed to boost economic growth, Ethiopia took a major shift in its trade policy. The Ethiopian Investment Commission (EIC) and the Ministry of Trade and Regional Integration jointly revealed that export, import, wholesale, and retail trade sectors would now be open to foreign companies.
