2merkato

The trade value of the Ethiopian Commodity Exchange has reached 21 billion birr in the current financial year while its trading volume has increased to 601,000 tons announced the ECX.

The trading value of the Exchange increased by 21% while its trading value showed an increase of 23% noted the company press release.

The increase in trading volume included the 52% increase in the trade in white pea beans, which reached 64,000 metric tons and a 38% growth in sesame trade to 303,000 metric tons.

Ethiopian Airlines is pleased to announce the completion of a Turnkey contract Agreement for construction of its cargo terminal 2 and apron ,with Unitechnik Systems GmbH of Germany, and Varnero Construction on January 10, 2014. The total cost of the Cargo Terminal project is 107 million EURO.

Ethiopian Airlines, the fastest growing airline in Africa, is pleased to announce the start of four weekly services to Niamey, the Republic of Niger, as of 20 November 2013. These new flights will operate with Ethiopian’s Boeing 757-200 aircraft with 16 seats in Ethiopian’s Cloud Nine business class and 151 seats in economy class.

This new routing further solidifies Ethiopian's presence in Africa. Niger becomes the 47th Ethiopian destination in Africa. With its partner ASKY in West Africa, Ethiopian has service to 34 countries in Africa. No airline connects Africa to the world, as does Ethiopian.

The export earnings of Ethiopia, for the month of October, were short of the targets set by the Ministry of Trade it was said. The Ministry of Trade of had set an export target of 300 million US dollars while export earnings totaled 200 million US dollars.

The export earnings for livestock, coffee, beverages, Khat, flowers, spices, wax, leather and leather products amongst others were 50-99% of targets. The export earnings for the month of October are also slightly less than the same time last year.

Export earnings were below target because the export of some products such as unfinished leather was halted said Abdurahman Seid Public Relations Deputy Coordinator of the MoT.

Ethiopia has earned 1.35 billion US dollars from the export of various goods in the first two quarters of the Ethiopian financial year according to the Ministry of Trade.

More than 35 kinds of agricultural and industrial products were exported to and estimated 120 countries across the world during the course of the financial period said Abdurahman.

Exports included coffee, khat, gold, oil seeds, live animals, leather and leather products, flower, garments, fruits and vegetables, meat and spices which make up 1.3 billion US dollars or 97% of the total revenue raised he said.