The Ministry of Agriculture announced earnings of USD 2.2 million from 800 tons of cotton produced in the past nine months. While this demonstrates potential, researchers warn that Ethiopia utilizes only a fraction of its suitable land for cotton cultivation.
The Ministry of Mines has announced that the earnings from exported minerals totaled USD 226.8 million in the 2022/23 fiscal year. The Ministry also reviewed its performance during the year, highlighting that a total of Birr 896.8 million was granted to both domestic and foreign developers engaged in mineral exploration, production, and processing.
Ethiopia collected USD 250 million over the past seven months by exporting oilseeds and grains. Sesame, Niger, and Castor bean were the most exported oilseeds while soybean claimed the lion’s share in the export of grains.
The Ministry of Mines announced that USD 274 million has been earned from gold exports in the last nine months, reflecting an 83% growth compared to the same period last year.
Ethiopia amassed USD 3.06 billion from the tourism sector in the past nine months. During the aforementioned period, more than 774,000 foreign tourists visited Ethiopia.
