2merkato

The Ethiopian oilseeds, spices and pulses export sector has registered a revenue growth of 31 percent. Export from the sector has grown from 539 thousand tons to 608 thousand tons in the previous financial year resulting in corresponding increasing in revenue from 506.2 million US dollars to 663.6 million US dollars.

The Ethiopian oilseeds, pulses and spices export sector is showing steady growth alongside other exports according to Kebede Chane, Minister for Trade. The ministry anticipates that overall revenue from export revenue will reach 10.4 billion US dollars by the end of the development program he noted.

It is to be remembered that the country earned 470 million US dollars from the export sector in the previous sector with the oilseeds sector recording the best performance. The Ministry of trade plans to increase the revenue earned in the current fiscal year to 626 million US dollars.

Reykjavik Geothermal (RG), a power developer backed by hedge fund billionaire Paul Tudor Jones II, announced a plan to launch a $4.4 billion project to bring volcanic energy to Ethiopia.

Ethiopian Taxi-hailing and booking service RIDE, provided by the technology company Hybrid Designs PLC, on Friday said it will re-launch a premium internet based taxi hailing service in Addis Ababa the coming year, revamping its platform from its previous SMS centered infrastructure.

Ries Engineering S.C. (RESCO), which is thean importer and distributer of Ford vehicles and various machineries in Ethiopia,, had has launched its first Quick Lane Vehicle Tier and Auto Service Center in Bahir Dar, Amhara, at a cost of 60 million Birr.

The road that connectes Ethiopia and Kenya, Yabelo-Mega road, is inaugurated and is open for traffic.