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A high level Kenyan trade delegation is to visit Ethiopia on a three day trade mission in Ethiopia. The event is organized by the Kenya Association of Manufacturers and the Kenyan Embassy in Ethiopia.

The delegation include senior government officials of the Kenyan government and industry executives from food & beverage, metal, construction sectors. The organization of the event is aimed at nurturing closer economic, political and cultural ties between the two countries. Add a comment Add a comment

n in the just ended Ethiopian Fiscal Year, short of US$255 of the target set by the Ministry of Mines for the budget year. The revenue has also decreased by US$61 million compared to earnings of same period last Ethiopian Fiscal Year.

The decrease is said to be as a result of price fall of gold in the global market, which causes companies in Ethiopia to reduce their gold export, according to Sinkinesh Ijigu, Minister of Mines. Add a comment Add a comment

Ethiopia is planning to submit its offer on services to the World Trade Organization in September 2013 as part of its accession bid. Ethiopia is currently working on offers for 160 service industries, some of which are controlled by the state.

Last year, Ethiopia has submitted suggested tariffs on goods to member countries for negotiation, Geremew Ayalew, head of the trade relation and negotiation directorate at the Trade Ministry, said in an interview with Bloomberg in Addis Ababa.

Ethiopia has earned  US$111.1 million from the export of leather products over the past eleven months of the current Ethiopian Fiscal year, according to the Leather and Industry Development Institute (LIDI).

Of the total revenue, nearly 92 million USD was obtained from export of finished leather products, Birhanu Serjebo, corporate communication director with the Institute indicated. Add a comment Add a comment