Ethiopia expects to earn around 10.1 billion birr (about 182 million U.S. dollars) from energy exports to neighboring Djibouti, Kenya and Sudan in the current 2023/2024 fiscal year, which started on July 8, an Ethiopian official said on Monday. Ethiopia earned 102 million U.S. dollars from energy exports in the previous 2022/2023 fiscal year. Mekonen said the EEP also plans to earn a further 20 billion birr (about 358.5 million dollars) in revenue from domestic energy-related activities. Ethiopia’s energy export is part of a broader plan to economically integrate the East African region through electricity infrastructure. The Ethiopian government has announced its plan to increase the country’s export revenue from electric power to 400 million dollars within 10 years.

Source: Ethiopian News October 16, 2023 17:35 UTC