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Ethiopia Earned US$ 80M from Leather Export during the First Half of FY 2013/14

lidiEthiopia obtained US$ 80 million revenue from leather and leather products export during the first half of the current budget year, the Leather Industry Development Institute (LIDI) said.

Communication Director with the Institute Birhanu Sarjabo told Ethiopian News Agency that the plan was to earn as much as US$ 173.5 million.

The revenue obtained during the reported period has increased by US$ 10 million compared to the amount earned a year earlier, according to Ethiopian News Agency.

The Institute is is working in close collaboration with stakeholder in the industry to achieve the US$ 347 million earning target set for financial year.

The Institute is currently working with the Addis Ababa Technology Faculty and other foreign institutes to build capacities of Ethiopian companies. In collaboration with the Ministry of Agriculture, the Institute is also undertaking activities to raise the public's awareness to prevent damage on hides and skin.

Around 32 companies are engaged in producing leather and leather products in Ethiopia, employing more than 15,000 citizens.

Source: Ethiopian News Agency