Ethiopia anticipates that revenue generated from the mining sector will add up to 849 million US dollars in the newly started financial year according to the Ministry of Mines.
Artisan miners are expected to raise 70.7% of the revenue projected for the financial year, revenue estimated at 600 million US dollars from the supply of 13,200 kilograms of Gold to the National bank of Ethiopia and selling 18,000 kilograms of artisan mined minerals.
Ethiopia is planning to earn U.S $ 47.48 Million during the holy fasting Ramadan month, from the export of meat and animals. The export destinations are said to be the Middle East countries.
Ethiopian Standards Agency (ESA) disclosed 706 standards that are under 8 categories have been approved. According to the Director General of the Agency, Endalew Mekonnen, among the 706 standards, 293 of them are new.
Ethiopia’s National Standards Council (NSC) approved 926 standards for products under 5 different sectors. Among these standards 261 were new while 198 were revised and 467 were reaffirmed.
Ethiopia’s parliament, the House of People’s Representatives, approved a budget of 386.9 billion birr, which is close to $13.37 billion, for the fiscal year 2019/2020.
