New Business Ethiopia

The Ministry of Mines and Petroleum of Ethiopia today announces revoking 63 mining licenses.

Ethiopia has earned a total of $1.1 billion from export of commodities during the first four months of the current budget year started July 8, 2020.

Most of African economies will be likely to experience lower growth lower than expected growth in 2020 compared to the 2019 projections, says new study.

The new Tadjoura Port of Djibouti began this week serving northern Ethiopian regions allowing the country to import and export non-containerized goods, says the Ministry of Transport of Ethiopia.

Taking over the U.S and China markets, European countries have become the major importers of Ethiopian commodities during the budget year of Ethiopia concluded July 7, 2020.

With the aim of commencing fish export and creating 5,000 jobs for the youth, the Gambella Region of Ethiopia has launched technology assisted fishery development project.

The Government of Ethiopia is urged to ease its system and allow its growing number of youth to easily engage in import and export trading.

The monthly tax contribution of ABBAHAWA Trading PLC, the company engaged in multiple sectors from export to manufacturing and export, said its monthly income, excise tax contribution has surpassed ten million birr (about 282,000).