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Ethiopia to Ban Rough Opal Export

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Category: Import and Export

Ethiopia is to ban the export of rough opal as part of an effort to encourage exporters to add value to gemstone and earn increased revenues according to sources at the Ministry of Mines. The ban on opal exports will be the second similar action following the ban of unprocessed tantalum just five months ago.

Almost 80% of the rough opal, used in the production of jewelry and ornaments, is primarily exported to India.

There are currently 17 associations made up of than 2 thousand miners are currently engaged in the mining of opal in the Amhara Regional States. The artisan miners in these associations sell the gems to an estimated 200 exporters licensed by the ministry.

Last Updated on 14 August 2013
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Ethiopia to be Rising Star in Travel Post COVID-19, Forbes Predicts

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Category: Latest Business Alerts

aijata-shallaForbes predicts Ethiopia to be one of seven countries it said, "have potential to become major tourist destinations in a post-COVID world."

Last Updated on 02 June 2020
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Ethiopia to Become a Member to African Trade Insurance

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Category: Latest Business Alerts

The African Development Bank (AfDB) Group had extended USD 30 million soft loan to Ethiopia, Benin and Côte d’Ivoire for the purpose of membership subscriptions in the African Trade Insurance Agency (ATI).

Last Updated on 29 September 2015
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Ethiopia to Begin Gas Exports and Launch Fertilizer Plant, Says PM

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Category: Energy and Mining

Oil Pipe

Prime Minister Abiy Ahmed announced that Ethiopia will begin producing and exporting gas to the global market next year, following the completion of gas transmission infrastructure in the Somali Region. Speaking before the House of People’s Representatives, he confirmed that gas sales are expected to start early next year.

Last Updated on 03 July 2025
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Ethiopia to Begin Producing 5.5 Million Face Masks per Day

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Category: Latest Business Alerts

Ethiopia will begin producing 5.5 million face masks per day to meet the growing demand in face masks that resulted from the recent spike in the number of confirmed coronavirus cases in the country.

Last Updated on 10 June 2020
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