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More than 900,000 international tourists visited Ethiopia in the last fiscal year, generating USD 2 billion in revenue for the tourism sector.

Ethiopia earned USD 2 billion in the first half of the current fiscal year by attracting 504,840 foreign tourists. During the six months, in addition to tourists who came to explore the country, foreign tourism was also seen in international conferences and business visits.

Ministry of Industry said Ethiopia has secured USD 306,429,000 in revenue from exported manufacturing products in the last nine months, Walta Information Center (WIC) reported.

Ethiopia earned USD 32.61 million from five months’ electricity export to Sudan and Djibouti. The country sold 580 million KW to the neighboring countries. However, the revenue gained during the past five months showed a USD 6.2 million decrease when compared to the same period in the 2021/2022 fiscal year.

Finance Minister Ahmed Shide and World Bank’s Director for Regional Integration for Sub-Saharan Africa, the Middle East, and North Africa Boutheina Guermazi inked a grant agreement which extended a USD 405 million grant to Ethiopia.

From the total fund granted by the World Bank, USD 195 million would be allotted to control the impact of COVID-19 and USD 210 million would be allocated to support the Ethiopia Ground Water for Resilience Project, it was learned.