Ethiopia has earned $72 million from the export of meat and dairy products in the Ethiopian fiscal year that ended on July 7, Director-General of the Ethiopian Meat and Dairy Industry Development Institute announced. This, he pointed out, has been achieved "despite the hurdles" the industry faced during the period.
Ethiopia obtained 753 Million US dollars in revenue from exports in the first quarter of the current fiscal year. This is a 33% increase on revenue from last year.
The revenue was raised from the export of 275,611 tonnes of produce sent to an estimated 94 countries. A significant percentage of the export revenue, 84 million US dollars, was earned from German exports.
Ethiopia earned 841.6 million dollars from the export of about 200,000 tonnes of coffee in 2010/2011 fiscal year. The country is planning to raise its coffee production to 700,000 tonnes from 300,000 tonnes o
ver the coming four years.
Experts said that the increase in the quantity of coffee exported from Ethiopia was due to the introduction in 2008 of a commodity exchange market, which promoted transparent trading, and rising global commodity prices.
Ethiopia earned 92 million US dollars from the export of fruits, vegetables and flowers in the last five months according to the Ethiopian Horticulture Development Agency.
74.5 million Us dollars was acquired through the export of flowers said Haileselassie Tekie Director General of the Ethiopian Horticulture Development Agency at a joint consultative workshop organized for the sector.
Ethiopia has earned more than 1.2 billion birr in revenue from investment projects in mining exploration and production licensed in the last nine months said the Ministry of Mines.
The investment projects requested licensing in the previous budget year according to Bacha Fuji, Director of Public Relations with the ministry.
An estimated 51 investors are engaged in exploration while others are engaged in production he said.
