New Business Ethiopia

Food inflation rate in Ethiopia has increased to 22.2 percent for the month of March 2020 from 20.9 percent the previous month, the state agency said.

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.

The Ministry of Trade and Industry of Ethiopia said during the first five months of the budget year started July 8, 2019, the country has earned a total of $1.12 billion from export of different agricultural commodities, manufactured goods and minerals.

Ethio Telecom, the state monopoly telecom service provider in Ethiopia is set to be among the first state enterprises set for partial privatization.

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