Ethiopia's Export Earnings in First Quarter of EFY
Ethiopia has secured over $2.48 billion from exports during the first quarter of the current Ethiopian Fiscal Year (EFY), according to Trade and Regional Integration Minister Kassahun Gofe.
The Minister announced this at a forum reviewing the first quarter performance of the EFY, stating that tangible results have been registered in key sectors during this period.
- Ethiopia's earnings from exports have surged by 65% compared to the same period last year.
- The country's 117% performance in the first quarter indicates it can achieve the target $9.4 billion plan for the year.
The first quarter of the fiscal year has been productive as the country is edging closer to join the WTO and exporting to neighboring countries in line with the AfCFTA.
Author's summary: Ethiopia earns $2.48 billion from exports.