The Ethiopian government plans to raise Birr 171 billion through biweekly Treasury bill (T-bill) auctions in the first quarter of the new budget year, marking a shift from relying on direct central bank advances to market-based financing.
The Ministry of Industry announced that it was working to replace imported electric cables and transformers with locally produced products during a discussion forum with Ethiopian Electric Power (EEP), Ethiopian Electric Utility (EEU) and other stakeholders. The institutions have signed a memorandum of understanding which enables them to work together.
The Ministry of Mines plans to earn three billion USD profit a year at the GTP II period from mineral and gas exports, The Reporter reported.
Ethiopia announced plans to see its revenues from mining rise by six-fold in the newly started Ethiopian fiscal year. To this end, the Ethiopian government made known, a national coordinating committee has been formed.
The Ethiopian government announced plans to generate USD 2.3 billion revenue from the export of textile products in GTP II period, according to the Daily Monitor.
