Ethiopian Leather Industry Development Institute (LIDI) proclaimed Ethiopia’s foreign currency revenue from export of value added leather and leather products has been growing.

During the 11 months of the current fiscal year Ethiopia has managed to collect U.S $ 122 Million from the export of leather and leather products. According to the Ethiopian News Agency the sum collected exceeds the same period of the previous year by 10 percent.

Birhanu Serjebo, the Institute’s Corporation Communication Director, said Ethiopia is following the path of exporting finished leather and leather products by adding values to them.

BIrhanu further noted Ethiopia has exported to different nations shoes, gloves and outfits made from leather, the dominant being shoes. Out of the total revenue over U.S $ 90 Million goes to finished leather products, he added.

According to the Director Ethiopia’s aim for this year was to collect U.S $ 347 Million from the sector. He attributed the failure to lack of modern raw leather and hide system.

Source: Ethiopian News Agency