Ethiopia Earned 4 Billion USD in Remittance

Monday 25th of July 2016 08:24:36 AM  |  2Merkato

View Comments Ministry of Foreign Affairs disclosed during the first 10 months of the just concluded fiscal year, Ethiopia earned 4 billion USD in remittance. Commenting on the development D…


Ethiopia: SNNP Hosted Over 1 Million Tourists

Friday 22nd of July 2016 01:22:20 PM  |  2Merkato

View Comments Southern Nations Nationalities and Peoples’ State (SNNP) Culture and Tourism Bureau disclosed the state has been visited by more than 1 million tourists from abroad as well as Et…


Ethiopia Expanding Markets for Engineering Products

Friday 22nd of July 2016 01:20:40 PM  |  2Merkato

View Comments Metal Engineering Industry Development Institute disclosed the demand for electronics and engineering products made in Ethiopia is increasing to which in response the country has b…


Ethiopia Aims 770 Million USD from Mines

Friday 22nd of July 2016 01:18:14 PM  |  2Merkato

View Comments Mines, Petroleum and Natural Gas Minister disclosed Ethiopia aims at more than 770 million USD from the mining sector. Such was disclosed by the State Minister for the Ministry, Te…


Ethiopia: Japan Tobacco International Paid 510 million USD

Thursday 21st of July 2016 05:18:51 AM  |  2Merkato

View Comments Japan Tobacco International paid 510 million USD for the purchase it made for the 40 percent stake it acquired in the National Tobacco Enterprise (NTE). The payment was made for Et…


Ethiopia: Integrated Cyber-Security Solution for Banks Started

Thursday 21st of July 2016 05:16:02 AM  |  2Merkato

View Comments Ethiopia’s Information Network Security Agency (INSA) disclosed it has commenced an integrated cyber-security solution for banks. The system is said to protect banks from cyber-a…


Ethiopia: ZTE Completed 1234 Kilometers Optical Ground Wire

Thursday 21st of July 2016 05:14:38 AM  |  2Merkato

View Comments The Chinese telecom company ZTE concluded installation work for 1,234 kilometers of optical ground wire, also known as OPGW lines, in Ethiopia. The contract for the installation, w…


AfDB Extended 104 Million USD Loan to Ethiopia

Wednesday 20th of July 2016 06:33:43 AM  |  2Merkato

View Comments The African Development Bank has approved a USD 104 million loan to the Government of Ethiopia for a project which will sustainably extend power to industries, small businesses to…


Ethiopia’s Public Enterprises’ Debt on the Rise

Wednesday 20th of July 2016 06:30:31 AM  |  2Merkato

View Comments The New York and London based Fitch Rating projected Ethiopia’s economic performance for the coming year. Fitch in its report underlined the increasing debt risks from public ent…


Ethiopia: ERCA Collected Over 22 Billion Birr from Addis

Wednesday 20th of July 2016 06:26:59 AM  |  2Merkato

View Comments Ethiopian Revenue and Customs Authority (ERCA) collected more than 22 billion Birr from Ethiopia’s capital, Addis Ababa, in the just concluded fiscal year. The authority collecte…