The Ethiopian government has reported US$29 million in export earning from the textile sector for the first, quarter of the current fiscal year, Fortune reported.
The earning exceeded by over 50 percent the US$19 million earned during the same period a year ago.
Ethiopia's Ministry of Water, Irrigation, and Energy declared Ethiopia needs $6.5 billion to ensure universal access to electricity in the country by 2025.
Since agreements have been signed between Ethiopia and Saudi Arabia regarding Ethiopian domestic workers in the latter a few months back, Ethiopia has begun sending trained domestic workers abroad.
Ethiopia revealed plans to develop 46 additional projects in the textile industry by 2015 to increase the revenue from the sector to 2.5 billion US dollars at the end of the time.
It is expected that six of the projects will become operational during the next financial year with a further 18 being launched in the year after; the remaining 22 will be operational in the years up to the end of the 5 years GTP period, 2015.
Two of the anticipated projects are expected to be cotton ginning industries; four are spinning industries, a knitting industry, seven weaving and one finished woven textile industry.
The Federal Sports Commission, Ethiopia officially revealed that the JADAW firm are the winners of the bid to prepare the architectural design of the new stadium to be built in Addis Ababa.
The stadium to be constructed in the area around the old Imperial Hotel is expected to seat 60,000 people and will be built at an estimated 1.6 billion birr according to the architects.
A detailed cost analysis will be revealed in the future according to the announcement by the commission.
