| Business News
The Ethiopian Textile Industry Development Institute (ETIDI) said it has earned 140 million USD from the export of textile and garment products.
Director General of the Institute, Sileshi Lema, said the institute has discussed the implementation of the 11-month plan for the 2013 Ethiopian budget year. Industrial parks have been built and put into operation to boost the textile and garment sector.
Foreign and domestic investors in the sector said they have earned 140 million USD from exporting their products over the past 11 months.
He noted that the product was destined for the United States, Canada, Turkey, Italy and Germany.
He said 22 studies have been completed this year to enable the textile sector to be competitive in the world market by modernizing and maintaining its quality.
The Director General explained: According to ENA, it is planned to produce 170,000 tons of raw cotton on 150,000 hectares of land to alleviate the shortage of raw materials in the sector.August 16, 2021
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This year's Special Taste Coffee Tasting Competition was held.
The event aims to promote winning coffee to international buyers.
State Minister for Foreign Affairs, Ms. Zion Tekle, as well as the Director General of the Coffee and Tea Authority, Dr. Adugna Debela, heads of coffee associations, embassy representatives and the invited audience were present at the event.
So far, 180 international buyers from different countries have registered to participate in the bid.August 16, 2021
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More than 279 billion birr has been collected in the 2013 Ethiopian budget year, said Minister of Revenue, Lake Ayalew.
He said the ministry has planned to collect 290 billion birr and achieved 96.2 percent of the plan.
He said the plan has increased by 19.6 percent or 45 billion birr compared to the same period last year.
According to the ministry, the plan as the situation in the cholera epidemic and the situation in the Tigray region as well as other areas is encouraging.August 16, 2021
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The Ministry of Mines and Petroleum said it has earned 681 million USD from mining products in the just ended budget year.
It is said to be the largest foreign exchange earner in recent years.
"We have a plan to get better from this sector next year," he said.
According to information received from the Ministry, our mineral resources are also an indicator of the way we are going.August 16, 2021
| Business
Ethiopian Investment Commissioner, Lelise Neme today met with ambassadors of Greece and Morocco to Ethiopia, Anna Farrou and Nezha Alaoui M’hammdi, respectively.
The Commissioner briefed them the investment opportunities available in Ethiopia.
They also discussed ways to increase investment flow from the two countries, according to the Ethiopian Investment Commission.August 16, 2021
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