2merkato

Ethiopia has earned more than 368 million US dollars from the sale of traditionally mined gold in the first ten months of the current Ethiopia financial year according to the Ministry of Mines.

The revenue was earned by an estimated 6700 kilograms of gold supplied to the National Bank of Ethiopia said Bacha Fuji, Director of Public Relations with the Ministry.

The revenue earned this reporting period has increased by more than 125.1 million US dollars in comparison to the revenue earned during the same period last year he said.

Ethiopia earned 369.9 million US dollars from mineral exports in the last seven months according to the Ethiopian Ministry of Mines.

The revenue earned was earned from the export of gold, marble, tantalum, ornamental stones and platinum said Bacha Fuji, Public Relations and Communications Director with the Ministry.

Gold earned the largest share of the revenue raising 254.4 million US dollars he said. The revenue earned by gold in the last seven months exceeds that of the same period last fiscal year by 121.3 million US dollars noted Bacha.

Ethiopia earned more than 39 million US dollars from conference tourism in the past financial year announced the Ministry of Culture and Tourism.

The revenue was earned from regional, continental and international conferences hosted by the country over the course of the year according to Awoke Tenaw, Director of the Public Relations Directorate of the ministry.

An estimated 49,685 participants attended conferences held in Ethiopia with most held in the capital said Awoke.

Ethiopia's Ministry of Trade and Industry announced that Ethiopia has earned $42.75 million from the export of manufacturing goods during the first quarter of the Ethiopian fiscal year that started July 8, 2021. The earning has almost hit the $42.85 million target set for the period.

Ethiopia earned near to 44 million US dollars from the export of textile and textile products in the last two quarters said the Ethiopian Textile Industry Development Institute.

The revenue earned from textile exports in the last two quarters exceeded the amount collected in the same period of the previous fiscal year by almost 23 million US dollars according to Sileshi Lemma Director General of the textile development institute.