Export Archives - Ethio Negari

20 Nov

Ethiopia draws more than $1 billion from industrial parks

ethionegari@gmail.com0 CommentsBusiness, NewsAddisAbaba, EthioNegari, Ethiopia, Ethiopianews, Export, IndustrialPark

The country earned $one billion from the products that were exported from the industrial parks. The Industrial Parks Development Corporation has announced that $1.1 billion has been obtained from the products sent to foreign countries from the industrial parks in Ethiopia in the last four years. In Adama Industrial Park, a factory that produces various plastic pipes with an annual income of $17 million has been completed and started working. Mr. Aklilu Tadesse, CEO of Industrial Parks Development Corporation said that various products from 13 industrial parks managed by the corporation are being offered to the foreign market. The CEO…

01 Nov

Ethiopia reports the rapid decline of donkeys

ethionegari@gmail.com0 CommentsBusiness, Environment, NewsAddisAbaba, Animalrights, Brookethiopia, Donkeymeat, EthioNegari, Ethiopia, Ethiopianews, Export

Brooke Ethiopia, an animal rights organization that works on donkey welfare, stated that the number of donkeys is decreasing. In recent years, Ethiopia has started exporting donkey meat to foreign countries, and the purpose is to earn foreign currency. As a result of this donkey slaughtering and trade, the number of donkeys is decreasing and this is a concern, according to a donkey rights organization called Brooke Ethiopia. Yilma Abebe, consultant of Brooke Ethiopia, said that donkey slaughtering in Ethiopia and selling the meat and skin to the foreign market has led to a dwindling number of donkeys in the…

16 Oct

Ethiopia and Tanzania commences Electricity export deal

ethionegari@gmail.com0 CommentsBusiness, Environment, NewsAddisAbaba, electricity, EthioNegari, Ethiopia, Ethiopianews, Export, Tanzania

Ethiopian Electric Power announced that negotiations are underway with its Tanzanian counterpart. The organization plans to earn 30 billion birr from the sale of electricity from domestic and foreign countries in 2023/2024. According to the Director of Communication of Ethiopian Electric Power, Mr Moges Mekonen, told the Ethiopian Press agency, In the current fiscal year, more than 2993 gigawatts of electricity will be exported. Three neighbouring East African countries, namely Sudan, Kenya and Djibouti planned to earn $182 million or 10 billion birr by exporting 2993 gigawatts of electricity. Mr. Moges also said that it is planned to earn 20…

28 Jul

Ethiopia earns more than $1 billion from Coffee export

ethionegari@gmail.com0 CommentsBusiness, News, PoliticsAddisAbaba, Coffeeexports, EthioNegari, Ethiopia, Ethiopiacoffee, Export

Ethiopia's income from coffee showed a decrease of $90 million. Ethiopian Coffee Exporters Association has stated that, the amount of coffee that Ethiopia supplies to the world market has decreased year by year. The general manager of the association, Gizat Worku, Ethiopia, in 2021/22, the amount of coffee that was offered to the world market was 302 thousand tons. The Association has announced that only 240,000 tons of coffee has been supplied to the world market in 2022/23 The coffee exported to foreign countries showed a decrease of 62 thousand tons compared to the coffee produced in the world market…

24 Apr

Ethiopia’s export shows $one billion deficit

ethionegari@gmail.com0 CommentsBusiness, News, PoliticsAddisAbaba, EthioNegari, Ethiopia, Ethiopiaexport, Export, Tradedeficit

According to the Ministry of Trade and Regional Integration, Ethiopia planned to earn $3.7 billion from exports in the last nine months. However, the income was reduced by one billion dollars to 2.6 billion dollars. Security problems, illegal trade, a slowdown in world trade and the Russia-Ukraine war have been cited as reasons for the decline in revenue. Agriculture accounts for 77 percent of the revenue, while the rest is mining, industry and electricity sales, the ministry said. Ethiopia, which has been at war for the past two years, has weakened its export business, and the sanctions imposed by the…

21 Feb

Ethiopian flour mills objects the export of wheat to Kenya

ethionegari@gmail.com0 CommentsBusiness, Environment, Fact check, News, PoliticsAbiyAhmed, AddisAbaba, EthioNegari, Ethiopia, Export, Kenya, Wheat, Wheatexport, Wheatproduction

Ethiopian flour mills objected to export wheat to foreign countries The government claims to have made significant changes in wheat production and reached export, domestic factories are facing problems due to production shortage. Efforts are being made to produce more wheat in various areas of Ethiopia, and it was said that quotas have been imposed on regions to produce wheat for export. The export of wheat from the Oromia region was recently launched by Prime Minister Abiy Ahmed. The day after this happened, flour, pasta and macaroni manufacturing factories faced a shortage of wheat production, so we were forced to…

16 Feb

Ethiopia earned More than $3 million for om flowers on Valentine’s Day

ethionegari@gmail.com0 CommentsBusiness, Environment, NewsAddisAbaba, EthioNegari, Ethiopia, Export, Flowers, Horticulture, Valantineday2023

Ethiopia earned more than $3 million from flowers on Valentine's Day On the occasion of 2023 Valentine's Day, the Ethiopian horticulture Producers and Exporters Association announced that it exported 2165 tons of flowers to foreign countries and earned more than 3.2 million US dollars. The main destination was Netherlands, Asia countries, Canada, UK, and various countries in Europe and Africa as well as the Middle East. There are a total of 120 producers and exporters who provide fruit and vegetable products in addition to flowers under the Ethiopian Flower, Vegetable and Fruit Producers and Exporters Association. 85 percent of them…

05 Feb

Ethiopia revoked the license of 72 khat exporters

ethionegari@gmail.com0 CommentsBusiness, Environment, News, PoliticsAddisAbaba, EthioNegari, Ethiopia, Ethiopiaeconomy, Export, khat, Khatexport, vacancy

Addis Ababa, Ethio Negari, February 4,2023 Ethiopia revoked the license of 72 khat exporters The Ministry of trade has mentioned in its report to the House of Representatives that the licenses of 72 khat exporters have been revoked in the last six months. It has been stated that the ministry revoked the licenses of the khat exporters because they did not legally submit the foreign currency they earned from export trade to the government and violated export trade regulations. Ethiopia expected 21 million dollars from these khat exporters, but the exporters could not bring the income. Parlama members asked why…

22 Jun

The New Chat Export Registration and Implementation Procedure has Come into Effect

ethionegari@gmail.com0 CommentsBusinessAddisAbaba, EthioNegari, Ethiopia, Export

The FEDRE Custom Commission issued a publication on June 01 in compliance with the new chat export contract registration and implementation regulation (code 21/2012) set by the Ministry of Trade and Regional Integration. The Ministry saw it fit to incorporate chat export into the contract registration and administration procedure in order to promote fairness in the transaction and maximize revenue from the sector. As such, Debele Kebeta, the Customs commissioner, sent out a letter to all concerned institutions stating that chat export contract registration and license services have become available since May 28, 2022. All banks faced with such export…