Ethiopia Earned USD 58 Million from Skin and Hides Products

Ethiopia is harnessing its capacity to grow competitive in the international skin and hides market by utilizing its potentials, the Ministry of Industry said. The country has earned USD 58 million in this fiscal year so far from export of hides and skin products.

The Ethiopian leather industry is fast growing in the past few years. By the year 2010/11 skin and hides grew nearly by two fold earning 104.3 million dollar.The year 2011/12 has shown a 7.4 per cent increase, according to figures from the ministry. The report says the increase is due to the role of private investors and government in the sector.

New Wing and the Chinese Wujiwan are among international companies who have utilized investment opportunities in the sector.

Source: Walta

 

 

Exchange Rates

Selling
Buying
USD 32.5950  31.9559 
GBP 40.6317  39.8350 
EUR 36.3565  35.6436 
CHF 32.3309  31.6970 
CAD 22.6285  22.1848 
AED 8.0310  7.8735