Ethiopia Earned 4 Billion USD in Remittance

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 Demeke Atnafu, Director General of the Diaspora Engagement Affairs at the Ministry, said the remittance has exceeded the country’s earnings from its export trade over the same period. He furthered the Ministry was working with stakeholders to enhance diaspora investment.

According to the Director General annual Diaspora Day celebration has proved to be a key platform to enhance Diaspora investment and boost remittance earnings.

Demeke furthered that Amhara State finalized preparations for the 2nd Diaspora Day which will be held in the State’s capital, Bahir Dar, from July 28, 2016 to July 31, 2016. The event is expected to be attended by more than 3,000 members of the Ethiopian Diaspora community.

Source: Ministry of Foreign Affairs