The Ministry of Industry has announced a plan to earn USD 450 million from the export of manufacturing goods in the 2025/26 Ethiopian fiscal year, while simultaneously saving USD 5.689 billion in foreign exchange by substituting imports with locally produced proxy products.
During the 2022/2023 fiscal year, Ethiopia's horticulture export industry generated USD 660 million in revenue. The sector is anticipated to reach USD 731 million in the upcoming 2023/2024 crop season.
The Ethiopian government has set a target of USD 8 billion in remittances from its diaspora community during the 2025/26 fiscal year, building on efforts to expand remittance channels and strengthen economic diplomacy.
Ethiopia has been voted as this year’s top destination in the world for tourists by the European Council on Tourism and Trade (ECTT), a non-profit group of European Union tourism trade organizations.
Ethiopian Shipping and Logistics (ESL) announced on Monday that it had achieved a profit of over Birr 6 billion in the previous Ethiopian fiscal year. ESL surpassed its target of Birr 5.4 billion, achieving over 100% of its plan. Additionally, the company successfully secured USD 480 million out of its planned USD 500 million, reaching 87% of its target.
