2merkato

Ethiopia has generated over USD 1 billion from gold exports in the past five months, a record-breaking achievement, according to the Ministry of Trade and Regional Integration.

The Government of Ethiopia and the World Bank have signed a financing agreement worth USD 1 billion under the Second Sustainable and Inclusive Growth Development Policy Operation (DPO). The package includes both a grant and a concessional loan.

Five international companies have signed agreements with the Ethiopian Investment Commission (EIC) to invest a total of USD 1.6 billion in Ethiopia, marking a major milestone in the country’s push to attract foreign direct investment.

Ethiopia has secured USD 110 million in financing from the European Investment Bank (EIB) to support the third phase of the Rural Financial Intermediation Program (RUFIP III), aimed at expanding access to finance in rural areas and advancing agricultural transformation.

Ethiopia attracted USD 2 billion foreign direct investment (FDI) in the first half of the current fiscal year. The figure shows an increment of 22.3% when compared to the first six months of the 2021/2022 fiscal year.