New Business Ethiopia

Ethiopia has earned a total of $1.1 billion from export of commodities during the first four months of the current budget year started July 8, 2020.

Over the past eleven months of the current budget year of Ethiopia that ends July 7, 2020, the country has earned over 145.1 million from gold export.

NEWS- The export earnings of Ethiopia for the first ten months the current budget year started July 8, 2029, has increased by 12.6 percent to $2.4 billion including the $329.3 million the country earned in the month of April.

The Ministry of Trade and Industry of Ethiopia said during the first five months of the budget year started July 8, 2019, the country has earned a total of $1.12 billion from export of different agricultural commodities, manufactured goods and minerals.

Ethiopia’s export performance which has been declining since 2012, has dropped by $170 million for the fiscal year concluded July 7, 2019 as compared to the previous year.

A company named, Al Hilal Gold Mining, is set to inaugurate Ethiopia’s first modern gold detector device assembly in the capital Addis Ababa.

The government of Ethiopia says it has found 18 gold, gemstone and industrial mineral-rich areas across the country during the current fiscal year started July 8,2018.

The governments of Ethiopia and Russia are set to expand business ties on multiple frontiers, ranging from nuclear energy development to Russians investment in mining in Ethiopia.