2merkato

The Ethiopian Coffee and Tea Authority secured over USD 11 million in export earnings from spices in the recently concluded Ethiopian Fiscal Year.

Ethiopia has secured more than 200 million USD from the export of horticultural crops in the last ten months (July 2011-April 2012).

Ethiopian Horticulture Development Agency (EHDA) Director General Haileselassie Tekie said that the country earned the hard currency from the export of 1.7 billion flower stems and 103.8 thousand tons of vegetables, fruits and herbs. More than 160 million USD was obtained from the export of flower while the balance was secured from the sale of vegetables, fruits and herbs to the global market. 

The foreign currency the country generated from the sector in the stated period has increased by 20 per cent in revenue compared to last year same period.

Ethiopian Customs Commission (ECC) announced it has collected over 54 billion birr revenues during the last five months. The amount has shown an increase of 8.2 billion birr, 18.5 percent, compared to the same period last year.

Ethiopia has generated over USD 1 billion from gold exports in the past five months, a record-breaking achievement, according to the Ministry of Trade and Regional Integration.

The Government of Ethiopia and the World Bank have signed a financing agreement worth USD 1 billion under the Second Sustainable and Inclusive Growth Development Policy Operation (DPO). The package includes both a grant and a concessional loan.