2merkato

Ethiopia earned 462 million US dollars from the tourism sector in the last financial year according to the Ministry of Culture and Tourism.

The revenue was earned from 584,000 tourists who were entered the country to visit an range of tourist attractions around the country explained Awoke Tenaw, Director of Public and International Relations with the Ministry.

The number of tourists into the country increased by 14% in the last year while the revenue for the sector showed an increase by 69% in the financial year as compared to the previous budget year according to Awoke.

Ethiopia has earned 475.3 Million US dollars from exports in just the last two months according to the Ministry of Trade. The performance in the last two months has shown a notable improvement over the 300.8 million US dollars earned in the same period in the last financial year said Abdurahman Seid Deputy Director of the Public Relations and Communication Directorate of the ministry.

The revenue earned, however was still lower than the MOT’s projections for the period which was 776.1 million US dollars. The current revenue is only 61.2% of the projected income.

The export sector has witnessed a 25% growth in the last decade claimed Amakele Yimam, Director of the Public Relations Directorate. 

Ethiopia has obtained more than 500 million US dollars from mineral exports in the last fiscal year said Sinknesh Ejigu Minister of Mines this week.  

The Mining sector is making valuable contributions towards national development goals according to Sinknesh. The mining industry is a significant source of foreign currency even though it is not yet well developed she said.

The Minister discussed the opportunities available in the mining sector at a meeting with 80 companies engaged in mining. The meeting aimed to facilitate the exchange of current information amongst investors involved in mineral extraction. This in turn is expected to create a forum for sharing experience in regards to best practices and issues encounter.

Ethiopia has earned more than 500 million US dollars in revenues from the mining sector in the first three quarters of the financial year according to the Ministry of Mines.

108 million US dollars of the revenue earned was received from the larger companies involved in the sector explained Sinknesh Ejigu, Minster for Mines, speaking at a review meeting of mining stakeholders.

There are 257 licensed mining projects currently engaged in exploration and 137 active in production she said.

The Ethiopian Horticulture Development Agency announced that Ethiopia has earned 55 million US dollars in horticultural exports in the first quarter of this fiscal year.  

The revenue was raised from the export of fruits and vegetables as well as flowers and other produce explained the press statement from the agency.