The Ethiopian Diaspora Service has announced that over USD 2.5 billion in foreign exchange was received from the diaspora over the past five months. Ambassador Fitsum Arega, Director General of the service, revealed that the surge was largely attributed to macroeconomic reforms, particularly those implemented by the National Bank of Ethiopia.
A new digital vehicle fleet management system for trucks was inaugurated today on the Addis Ababa-Djibouti corridor, marking a major advancement in trade between Ethiopia and Djibouti.
The Southern Ethiopia Region Industrial Parks Development Corporation (SERIPC) announced the launch of avocado oil production for export at the Dila Agricultural Industrial Park.
The Dire Dawa City Administration has approved more than 404 new local investment projects within the first nine months of the current fiscal year, exceeding its annual target, according to the Dire Dawa Investment Bureau.
Dire Dawa Dry Port and Terminal, which was built at a cost of USD 68 million on 34.1 hectares of land, commenced services on Thursday. The dry port has a capacity to handle 128,000 containers annually when it becomes fully operational and is expected to reduce foreign currency expenditures.
