Ethiopia's annual expenditure of Birr 1.3 billion on production machinery, primarily imported, has sparked discussions on leveraging capital equipment lease finance to bolster the country's manufacturing sector.
Ethiopia exported more than 11 million pieces of flower in connection with Valentine’s Day, a day celebrated on February 14 every year, Walta Information Center reported.
Chemical and Construction Input Industry Development Institute disclosed Ethiopia managed to export a 17.28 million USD worth, 195,580 tons of cement, in the last fiscal year.
Ethiopia has exported more than 154 tons of tantalum to the international market in just the last ten months according to the Ministry of Mines.
The tantalum exports earned an estimated 7 million US dollars in revenue said Bacha Fuji, Director of Public Relations with the Ministry.
The amount earned exceeds the amount raised during the same time in the previous financial year by 4 million US dollars according to Bacha.
The Ethiopian Coffee and Tea Authority (ECTA) announced that May saw a significant surge in coffee exports, with over 43,481 tons shipped and a revenue of USD 209.54 million. This surpasses targets and represents the highest volume and revenue for a single month in the past three years.
