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.
Ethiopia has secured 133.7 million USD from the export of horticultural crops in the last seven months, the Ethiopian Horticulture Development Agency (EHDA) said.
Agency Director General Haileselassie Tekie said that the country earned the foreign currency from the export of 1.1 billion flower stems and 72.8 thousand tons of fruits, vegetables and herbs in the last seven months (From July 2011-Jan. 2012).
More than 107.5 million USD was obtained from the export of flowers to the international market, while the balance was secured from the sale of fruits, vegetables and herbs.
The foreign currency the country earned from the sector in the stated period has increased by 22.7 millions USD in revenue compared to last year same period.
The Netherlands, Germany, England, Belgium, Russia, Japan and Middle East counties are among the major recipients of the products.
The demand for the horticultural products’ of Ethiopia is very high and thus the Agency is doing market promotion and diversification activities.
Incentives and the necessary support are being provided by the government of Ethiopia, the number of foreign and local investors engaged in the sector is on the increase, the Director General said.
Ethiopia has recently started to export organic banana to Saudi Arabia market, which the project is supported by Common Fund for Commodities (CFC), is an important step to ensure the growth of horticulture industry in the country.
More than 105 horticulture producer and exporters companies are operating in the country, of which over 70 per cent of them are foreign and joint venture, it was learnt.
Source: This news article was prepared and sent to 2merkato.com by Mekonnen Hailu, Ethiopian Horticulture Development Agency (EHDA)'s senior communication expert.
The Ethiopian Minerals Development S.C (EMD) announced that it had earned 341.64 million birr from the sale of minerals at local and international markets last fiscal year, up by 177 percent from the previous fiscal year's revenue.
About 98 percent of the revenue was obtained from the sale of tantalum while the balance was generated from the sale of industrial minerals and services, Girmachew Asfaw, senior planner of the company, said.
EMD owns and manages the Kenticha Tantalum mine and it produces and exports tantalum concentrate from the Kenticha mine.
Ethiopia secured more than 57 million Birr in revenue from the export of leather and leather products in the last two quarters according to the Leather Industry Development Institute.
The revenue was secured from the export of various value-added products including clothes, footwear, and leather gloves as well as finished leather and other leather articles said Berhanu Serjebo, Director of Corporate Communication of the Institute.
The institute had targeted to obtain at least 109.2 million Birr from the export of leather products over this period according to Berhanu.
