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Ethiopia Amhara Region Collected 9.1 Billion Birr Tax Revenue
Ethiopia’s Amhara Region Revenue Bureau, which planned to collect a total of 100.3 billion birr from regular revenue and urban service during the 2018 fiscal year (started July8, 2025), has secured 69.1 billion Birr. As of June 11, 2026, the Bureau has achieved 81.4 percent, from regular reven...
Frankincense, Natural Gum Production in Ethiopia’s Amhara Region
In the West Gondar Zone, more than 230,000 hectares of the region’s 760,000 hectares of forest land are covered by frankincense and gum-producing trees. This natural resource serves as a source of livelihood for thousands of local residents. However, security challenges in the area have become a m...
Frankincense, Natural Gum Production in Ethiopia’s Amhara Region
In the West Gondar Zone, more than 230,000 hectares of the region’s 760,000 hectares of forest land are covered by frankincense and gum-producing trees. This natural resource serves as a source of livelihood for thousands of local residents. However, security challenges in the area have become a m...
Ethiopia Export Earnings Surpasses $9.8 Billion
Ethiopia has opened a new chapter in its export trade history by earning $9.8 billion during the first 11 months of the 2018 Ethiopian fiscal year started July 8, 2025, according to the Minister of Trade and Regional Integration, Kassahun Gofe (PhD). The Minister stated that the country had planned ...
Ethiopia Export Earnings Surpasses $9.8 Billion
Ethiopia has opened a new chapter in its export trade history by earning $9.8 billion during the first 11 months of the 2018 Ethiopian fiscal year started July 8, 2025, according to the Minister of Trade and Regional Integration, Kassahun Gofe (PhD). The Minister stated that the country had planned ...
Ethiopian Court Extends Detention of Suspect in Massive ‘Viva’ Tissue Counterfeit Ring
The Federal First Instance Court, Arada Division First Crime Remand Bench, has granted the Federal Police an additional 7 days of investigation time to fully expose a widespread counterfeit distribution network and trademark infringement ring that allegedly harmed public health, reduced government t...
Ethiopia’s Agricultural Investment Contributions to Export Earnings, Import Substitution
Agricultural investment, one of the strategic sectors identified in Ethiopia’s Ten-Year Agricultural Development Plan, is achieving significant success in meeting national goals such as ensuring food security, substituting imported products with locally produced goods, and increasing foreign excha...
Ethiopia’s Agricultural Investment Contributions to Export Earnings, Import Substitution
Agricultural investment, one of the strategic sectors identified in Ethiopia’s Ten-Year Agricultural Development Plan, is achieving significant success in meeting national goals such as ensuring food security, substituting imported products with locally produced goods, and increasing foreign excha...
IFC to Lend $80 Million to MIDROC Ethiopia’s Hotel Development
The International Finance Corporation (IFC) is set to provide 80 million loan to MIDROC Ethiopia PLC (MEP), the hospitality arm of MIDROC Investment Group (MIG), IFC is providing MEP with an $80 million long‑term loan to support the refurbishment of the Sheraton Addis (Luxury Collection) and the d...
IFC to Lend $80 Million to MIDROC Ethiopia’s Hotel Development
The International Finance Corporation (IFC) is set to provide 80 million loan to MIDROC Ethiopia PLC (MEP), the hospitality arm of MIDROC Investment Group (MIG), IFC is providing MEP with an $80 million long‑term loan to support the refurbishment of the Sheraton Addis (Luxury Collection) and the d...
$80M IFC Investment to Fund Sheraton Addis Revamp and Launch Ethiopia’s First Green-Certified Hotels
The International Finance Corporation (IFC) has announced a landmark partnership with MIDROC Ethiopia PLC (MEP) to invest $80 million in the country’s premium hospitality (guest reception) sector. It was indicated that the project, backed by a long-term loan from the IFC, aims to expand upscale ho...
Ethiopia’s Inaugurates First Beneficial Insect Breeding Center
Red Fox Ethiopia, a flower production company, today inaugurated Ethiopia’s first beneficial insect breeding center, the Ministry of Agriculture said. State Minister of Agriculture Sofia Kassa stated that beneficial insects are currently imported into the country at a high foreign currency cost. S...
Ethiopia’s Inaugurates First Beneficial Insect Breeding Center
Red Fox Ethiopia, a flower production company, today inaugurated Ethiopia’s first beneficial insect breeding center, the Ministry of Agriculture said. State Minister of Agriculture Sofia Kassa stated that beneficial insects are currently imported into the country at a high foreign currency cost. S...
Council of Ministers approves over 2.3 trillion birr draft budget for 2026/27
In its 56th regular session held today, the Council of Ministers unanimously approved a historic 2.34 trillion Birr draft federal government budget for the upcoming 2026/2027 FY. The Council has referred this unanimously approved draft budget proclamation to the House of Peoples’ Representativ...
Ethiopia’s First State-Owned Enterprise Listing on the ESX Puts National Wealth in the Hands of Everyday Citizens
#Advertorial Ethiopia has marked a significant transition in its financial landscape. With the official listing of Ethio telecom on the Main Market of the Ethiopian Securities Exchange (ESX) under the ticker symbol TELE, ordinary citizens now have the opportunity to directly own shares in one of the...
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