New Business Ethiopia

To diversify its existing agribusiness in Ethiopia, an Ethiopian – American company, ETHAMCO LLC, says it is open to venture with interested but reliable local or foreign company.

The income of the Government of Ethiopia from export of commodities in the first ten months of its current budget year has increased by $721 million as compared to the same period the previous budget year.

NEWS- The export earnings of Ethiopia for the first ten months the current budget year started July 8, 2029, has increased by 12.6 percent to $2.4 billion including the $329.3 million the country earned in the month of April.

Commodity export earnings of Ethiopia during the first nine months of the current fiscal year of the country starting July 8, 2019 has increased by 10 percent reaching $2.09 billion compared to same period the previous year.

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.

Continuing its decline Ethiopia’s export income for the first nine months of the fiscal year started July 8, 2018, goes down by about 9 percent compared to same time last fiscal year.

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