Ethiopiaeconomy

05 Feb

Ethiopia revoked the license of 72 khat exporters

ethionegari@gmail.com0 CommentsBusiness, Environment, News, PoliticsAddisAbaba, EthioNegari, Ethiopia, Ethiopiaeconomy, Export, khat, Khatexport, vacancy

Addis Ababa, Ethio Negari, February 4,2023 Ethiopia revoked the license of 72 khat exporters The Ministry of trade has mentioned in its report to the House of Representatives that the licenses of 72 khat exporters have been revoked in the last six months. It has been stated that the ministry revoked the licenses of the khat exporters because they did not legally submit the foreign currency they earned from export trade to the government and violated export trade regulations. Ethiopia expected 21 million dollars from these khat exporters, but the exporters could not bring the income. Parlama members asked why…

30 Jan

Ethiopia earned nearly $1.9 billion worth from FDIs

ethionegari@gmail.com0 CommentsBusiness, PoliticsEthioNegari, Ethiopia, Ethiopiaeconomy, FDI, Investment

ADDIS ABABA – Ethiopia’s economy will show a 7.5 percent growth in the current 2022/23 fiscal year, the Ministry of Planning and Development (MoPD) abounced on Monday. The forecast comes a week after the African Development Bank announced Ethiopia and four other African nations would reclaim their position among the world’s 10 fastest-growing economies in 2023-24. Ethiopia’s development minister Fitsum Asefa said the economy will build on the 6.5% growth recorded last year and will grow by 7.5% this year. Fitsum made the forecast while presenting the half-year macroeconomic performance monitoring report to the Council of Ministers meeting which began…