2merkato

Kaliti Metal Products Factory, Ethiopia is set on an expansion project estimated to cost 60 million birr. The factory has been challenged to meet demand because of outdated machinery according to Kassa Assefa, Market Research and Advertising Senior Expert with Kaliti. 

The expansion project was originally designed to be a two phase project costing 138 million birr and encompassing pipeline supplies but was scaled down to only make a smaller pipeline and the manufacture of EGA sheets for roofs and the purchase of one roofing crane.

Ethiopia has earned 137.7 million US dollars from the export of manufactured goods in the last six months according to the Ethiopian Ministry of Industry.

The income was earned through the export of leather and leather products, agro processing, textile and garment, and chemical and pharmaceutical products according to Melaku Taye Corporate Communication Director, with the MoI. 

Tendaho Sugar factory is expected to put Ethiopia in the number one place for sugar cane crushing capacity when it becomes fully operational according to Million Moges Deputy Manager for the project.

The project established in Afar Regional State at a cost of 11.8 billion birr has the capacity to crush 26,000 tons of sugar daily when fully operational said Million. The factory will be able to crush 13,000 tons of sugar cane in the first phase of the project he noted.

The Leather Industry Development Institution, Ethiopia is to import semi-processed leather products. The Ethiopian institute had originally considered importing raw material. The institute made the decision to import leather to solve the shortage of supplies for national tanneries.

The import of semi processed leather will reduce the production process for local tanneries and minimize the environmental impact of the processing according to sources at the institute. 

The Ethiopian Revenues and Customs Authority issued a new directive which allows manufacturing companies importing raw materials into Ethiopia to be taxed on the basis of their transaction costs.

The customs authority will conduct a post clearance audit within 15 days to reclaim the balance should there exist discrepancies between the transaction values on the invoices and ERCA’s data.

This directive aims to alleviate delays in production due to the time it takes for raw materials being processed by customs according to Fekadu Bekele, Customs Valuation Directorate.