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The Ethiopian Ministry of Mines is scraping its plan to ban rough gem exports and export ban on raw tantalum, in order to increase the export volume of mineral resources, Fortune reported.

The Ministry has also raised its revenue projection for 2013/14 fiscal year to one billion dollar, from the initial target of US$777 million. In January 2013, the Ministry announced its intention to ban rough gem exports at the start of the new fiscal year. This was because of the considerably higher price a value-added stone would fetch when compared with the rough cut.

Ethiopia's Ministry of Revenues announced that it has collected over $1.15 million (42.2 million birr) during the Ethiopian fiscal year that started July 7, 2020. This has shown a 10.7 percent increase compared to the same period of last year, the Ministry pointed out, and stands at 107 percent of the target set for the two months, which was 39.43 million birr.

Ethiopia's Ministry of Revenues announced that it has collected over $5.56 billion( 238.3 billion birr) in ten months of the fiscal year that started in July, 2020. The amount stands at 98.24 percent of the 242.63 billion birr target collection the ministry set for the period.

The Ethiopian Ministry of Urban Development and Construction has drafted an amendment to the contractors’ registration directive.

In the draft amendment registration criteria for contractors in all categories have changed based on the grade for which the contractor is applying.