Economy And Business:-Today In Ethiopia
- Special Economic Zones (SEZs) are showing positive results by attracting diverse investments and creating market connections for farmers.
- The Ethiopian Civil Aviation Authority announced that it generated over 2.1 billion Birr in revenue over the past nine months.
- Ethio Telecom’s new “Zemen” digital marketplace gained approximately 360,000 customers within its first 24 hours.
- The African Development Bank (AfDB) and Dashen Bank have signed a $40 million trade finance facility to support Ethiopian imports and the private sector. 1
Special Economic Zones (SEZs) are showing positive results by attracting diverse investments and creating market connections for farmers. The Industry Parks Development Corporation (IPDC) reports that 150 out of 177 available sheds in SEZs are now occupied by both domestic and foreign investors. In the past nine months, 80 new investments were attracted to these zones. The focus is expanding beyond textiles and garments to include various sectors, and efforts are underway to integrate SEZs with local resources. Over 85,000 farmers have been directly linked with industries across all SEZs.
Special Economic Zones (SEZs) are attracting diverse investments and creating market connections for farmers, showing positive results.
Technology and Innovation:
- An Ethiopian Police crime reporting app was selected as the “Best Police Application” ahead of the World Police Summit in the UAE.