2merkato

The Ethiopian Manufacturing Sector has earned an income of 72 million US dollars in the first quarter of the current fiscal year according to the Ministry of Industry.

Ethiopia has set out to acquire 471.2 million US dollars in revenue from leather, agro-processing, textile, chemical and pharmaceutical sectors this budget year according to Melaku Taye, Communication Director for the MoI.  The revenue registered for the first quarter exceeded that earned in the same time period of the last fiscal year by 104.4% explained Melaku.

The Ethiopian manufacturing sector failed to meet the projected earnings with the various sub sectors bringing in between 63% and 49.4% of anticipated earnings.

The textile and garment sub sector earned 84.6 million US dollars which falls short of the 171.4 million US dollars projected for the past fiscal year. The earnings from the sector where however 36% more than what was earned by the sector in the previous year according to information obtained from the Ministry of Industry.

Ayka Addis Textile and Investment Group is responsible for 71% of the earnings from the textile sector.

The Ethiopian Mapping Agency put out an invitation for companies interested in conducting aerial photography in digital format and photo-grammetric processing last week. The tender will remain open until the 15th of December.

The invitation includes aerial photography of 23 major urban areas including Addis Ababa, Dire Dawa and regional states in an effort to prepare a national cadastral map.

The Ethiopian Maritime Affairs Authority issued a new rule for containerized cargo shipments limiting maximum allowable cargo weights of 20 TEU (Twenty Feet Equivalent Unit) containers not to exceed 20 tons, including the weight of the container, Capital reported.

The new rule reduced container weights from 24 to 20 tons in order to prevent damages to roads and promote safety.

The Ethiopian Maritime and Transit Service Enterprise (EMTSE) received instruction from the Ministry of Industry last week to prepare port facilities for handling coal imported by Ethiopian Petroleum Enterprise (EPE).

It was reported in Mid August that the Ethiopian Petroleum Enterprise (EPE) was going to import coal from South Africa to secure sustainable supply of coal as an alternative source of energy for cement factories.