The World Bank (WB) disclosed there is a need to strengthen competitiveness in the Ethiopian economy by diversifying and introducing value added export commodities. According to WB, such shall be done in order to tackle the recent problems such as drop in price the export sector is facing.
Tewolde Gebremariam, Ethiopian Airlines’ Chief Executive Officer (CEO), is awarded a Gold medal by the company’s Board of Directors. He is awarded the medal for his efforts to make the Airline deliver sustainable quality services and profit making company.
A World Bank economist on Tuesday, July 22, 2014 noted Ethiopia must devaluate its currency in order to boost export because the nation’s export commodities are mostly unprocessed products and they need to stay competitive on price.
Foreign investors’ as well as farmers’ participation in rubber tree development is growing, the National Rubber Tree Development Project, noted.
Add a comment Add a commentDuring the previous fiscal year, 2013/2014, Ethiopia managed to earn U.S $ 400 Million from the export of manufactured commodities, Ministry of Industry disclosed.
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