Ethiopia attracted $700 Million in Foreign Direct Investment (FDI) during the first quarter of the fiscal year that started in July this year, the Ethiopian Investment Commission reported. The figure stands at 70 percent of the planned a billion-dollar target for the period.
Ethiopia’s Ministry of Trade disclosed the country earned 2.31 Billion USD from the export of agricultural, manufacturing and mining products during the first 10 months of the current fiscal year. However according to Public Relations Head at the Ministry, Amakale Yimam, the performance is below the target, which is 3.34 billion USD.
Ministry of Culture and Tourism (MoCT) disclosed Ethiopia has earned 2.6 billion USD from tourism in the first 9 months of the current fiscal year.
Ministry of Mine disclosed Ethiopia earned more than U.S $ 500 Million from gold and precious minerals.
Ethiopian government secured a U.S $ 100 Million promised loan from the Korean Export Import (EXIM) Bank. The loan is extended for financing part of the Modjo-Hawassa highway project.
