New Business Ethiopia

The government of Ethiopia has secured $1.33 billion from export of goods during the first six months of the country’s fiscal year started July 8, 2019.

KROTAJ, a joint venture company formed between an Israeli company named Genuine and Ethiopian Sesame Export, has opened a new sesame processing factory in Ethiopia.

Ethiopia earned export revenue of $1.21 billion in six months of the current Ethiopian fiscal year (July, 8, 2018 to January 7, 2019).

Ethiopia’s export to its neighbors (Somalia, Sudan and Djibouti) has increased over the past two years, while import declines.