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.
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.
