The amount of money, in Birr, reported as unutilized budget. The findings were the result of auditing the accounts of ministries and other agencies of the federal government by the Federal Auditor General for the 2012-2013 fiscal year.

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The total value of imports in 2012/13 showed a 20.2Pct increment compared to the preceding year and reached USD10.82 billion. Nevertheless, the ratio of imports to Gross Domestic Product (GDP) slightly decreased from 29.6Pct in 2011/12 to 22.8Pct in 2012/13. The country’s import-to-GDP ratio is now at a level that is comparable to Kenya, Uganda, and China. 

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The year 2013 exhibited a surprising shift with respect to the destination of Ethiopia’s exports. Somalia replaced Switzerland as the top destination for Ethiopia’s exports. Somalia is now at the top of the list, buying USD319.8 million worth of goods from Ethiopia followed by China that bought USD308.3 million and Germany by USD177 million. Each of these top three destinations for Ethiopia’s exports took up roughly 31.1Pct of the country’s total exports in 2013. Meanwhile, Switzerland, which held first place in 2012, became the 6th export destination in 2013 by importing USD155.4 million worth of commodities from Ethiopia.

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Ethiopia to Host the 4th International Coffee Conference

Ethiopia to Host the 4th International Coffee Conference

Ethiopia is set to host the 4th International Coffee Conference from March 6 – 8, 2016 in Addis Ababa at the United Nations Conference Center. Previous conferences were held  in England in 2001, Brazil in 2005 and Guatemala in 2010. Read more

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