Ethiopia’s Ministry of Finance and Economic Cooperation faced 14.4 billion Birr budget deficit in the first six months of the current fiscal year. The Ministry generated 80.5 billion Birr income but its expenditure was 95 billion Birr.
The six performance show there is a 7.7 percent increment in tax revenue when compared to last year’s performance. However, this was lower than what was planed.
The plan by Ethiopia’s Ministry of Industry to construct a leather tannery village in Mojjo town is still impractical for it has not yet secured USD 58 Million.
The Ethiopian Ministry of Mines and Petroleum said it is finalizing a first-ever petroleum policy that will be used for the coming fifteen years. Beginning with exploration of petroleum, to importing petroleum and its consumption at the national level, the policy puts forward general directions.
Three garment companies, Jay Jay Mills, Shints ETP Garment, and Kanoria Africa Textiles PLCs, were given recognitions today by the Ministry of Trade (MOT) for their success in achieving 134 – 145 % of their goals and for generating big amount of foreign currency.
The Ethiopian Ministry of Culture and Tourism, in a second round of hotel star ratings since 2015, has given a star rating of one to four to 88 hotels throughout Ethiopia.
