The Ethiopian Council of Mineral Affairs said they are drafting a new 20-year policy for the mining and petroleum industry. The Council made this known during a consultation meeting held with stakeholders, with the intent to enrich the drafted policy.
Ethiopian government and World Health Organization (WHO) drafted a National Strategy and Plan of Action for Pharmaceutical sector to advance public access to medicines and draw industries in the sector for the coming ten years.
Ethiopia earned 193.5 million US dollars from the export of manufactured products in the last nine months according to the Ministry of Industry.
The revenue earned exceeded the sum earned in the same period last year by 55.9 million US dollars or 40.7%.
The revenue was earned from the export of leather and leather products, agro-processing, chemicals, pharmaceuticals, textile and garment said Mekonnen Manazewal, State Minister of Industry in a presentation of the ministry’s nine month performance report to the House of Peoples’ Representatives.
Ethiopia earned 213 million US dollars from the export of meat and livestock in the last 10 months announced the Ministry of Agriculture.
The export of livestock represents 71% of the revenue earned from exports while meat exports made up the difference. The revenue earned is just 62.5% of the targeted 340.4 million US dollars for the period.
Export earnings from meat and livestock is lower than expected because of the poor market ties the country has with the international livestock market said Tefera Deribew, Minister of Agriculture.
Ethiopia has earned 3.1 billion US dollars in revenue from foreign trade in the just ended financial year according to the Ministry of Trade.
The revenue was earned from the export of 1.25 million tons of items exported during the fiscal year according to Amakele Yemam, Public Relations and Communications Director with the ministry.
The revenue earned in this last financial year was 14.8% higher than the 2.7 billion birr raised in the previous reporting period.
