Achieving 129% of its target, the National Lottery Administration (NLA) of Ethiopia earns 114 million (around $4 million at the current exchange rate) profits during the first six months of Ethiopia calendar started July 8, 2018. The plan of the administration for the period was to generate 88.1 million birr. The plan for the whole year was to generate total revenue of 172 million birr (around $6.1 million), Gezahegn Yilma, Senior Communication Expert at NLA told NewBusinessEthiopia.com. In the country gambling is prohibited by law, NLA has been one of the profit making government institutions monopolizing the lottery business. NLA’s mission statement states that it is working to increase the entertainment and satisfaction level of the public from lottery games.

Source: News Business Ethiopia March 05, 2019 14:03 UTC