Ethiopia has earned US$419 million from export of minerals supplied by artisanal miners in the 11 months of the current Ethiopian Fiscal Year, according to the Ministry of Mines.
The earning is 30 percent short of the Ministry’s revised projection for the period.
Ethiopia earned US$44 million from the export of leather and leather products in the first quarter of the current fiscal year, the Ethiopian Leather Industry Development Institute said.
Institute Corporate Communication Directorate Director, Berhanu Sirjabo, told Walta Information Center, the amount was earned from the export of finished leather, footwear, leather gloves and other leather products.
n in the just ended Ethiopian Fiscal Year, short of US$255 of the target set by the Ministry of Mines for the budget year. The revenue has also decreased by US$61 million compared to earnings of same period last Ethiopian Fiscal Year.
The decrease is said to be as a result of price fall of gold in the global market, which causes companies in Ethiopia to reduce their gold export, according to Sinkinesh Ijigu, Minister of Mines.Ethiopian Horticulture Development Agency (EHDA) disclosed Ethiopia earned a total of USD 114 million from horticultural export in during the first half of the current fiscal year.
Ministry of Mines disclosed in the first six months of the current fiscal year, Ethiopia earned a total of USD 157.4 Million from the export of mineral products.
