2merkato

Tuesday, 14 June 2011

Over 4.4 million dollars was obtained from the export of 14,000 kg of opal over the last 11 months, the Ministry of Mines announced today.

According to the Ministry, compared with the volume opal exported and the amount of money earned from the same mineral last year, the income earned over the reported period has registered a significant increase.

Ethiopia has been exporting opal to over 27 countries including the United States, India and China which are its leading customers.

Between 2008 and 2009 Ethiopia had made about 241,564 dollars and 1.2 million dollars exporting 656kg and 100,000kg of opal respectively, the Ministry said.  

Source: Walta Information Centre

The Oxford Handbook of Ethiopian Economy, a handbook comprised of fifty chapters, was launched at the Ethiopian Economics Association (EEA) Hall. Oxford University Press published the handbook.

Pakistan banned all shipments of red kidney beans from Ethiopia. Pakistani Ministry of National Food Security and Research noted the decision was made following a concern over a “serious, destructive and virulent quarantine disease”, widely known as ‘Fusarium chlamydosporum’.

Pakistani investors who are engaged in the pharmaceutical industry express their interest to invest in Ethiopia. A delegation of representatives of companies based in Pakistan led by the President of Islamabad Chamber of Commerce and Industry Ahsan Zafar Bakhatawari held a meeting with Ethiopia’s Ambassador to Pakistan, Jemal Beker Abdula.

Ambassador Jemal Beker, Ethiopia’s Ambassador to Pakistan, announced that work was being carried out to establish social, economic, and political cooperation between Ethiopia and Pakistan. The Ambassador held a discussion with representative of the Federation of Pakistan Chamber of Commerce and Industry (FPCCI) and Pakistan Tea Association (PTA).