Ethiopia’s export performance which has been declining since 2012, has dropped by $170 million for the fiscal year concluded July 7, 2019 as compared to the previous year.
The total number of vehicles Ethiopia has imported and registered last year (the fiscal year ended July 7, 2019) has surpassed the amount the country imported the previous year by 30,834 vehicles.
Golden Africa, a Malaysian company is set to invest in edible oil manufacturing in Ethiopia creating jobs for 1,500 people in two years time.
ANDUALEM SISAY GESSESSE – Djibouti has registered remarkable economic growth over the past decade, mainly after its ports began handling Ethiopia’s import and export trade.
The Ethiopian Shipping and Logistics Services Enterprise (ESLSE), the government company which has been in shipping business for over 54 years, says it has been deprived from transporting Ethiopia’s major import items such as fuel, fertilizers and wheat.
By Andualem Sisay Gessesse –Ethiopia is battling to stop the outflows of billions of dollars every year through trade misinvoicing in collaboration with foreign partners, the country’s tax authority official said.