Amhara Region Opal Industry Generates $3.6m

Jul 24 , 2021

Opal sourced from mines in Amhara Regional State generated 3.6 million dollars in export revenue last year, according to the Amhara Mines Agency. The figure is 1.4 million dollars higher than the year before. Over 4.6tn of raw opal mineral and 130Kg of value-added opal was exported to China, India and other Asian markets. The country earned over 681 million dollars from the export of minerals, mostly gold, during the just-ended fiscal year, a more than 400 million dollar increase from last year's 207 million dollars in export revenue. Additionally, the Ministry of Mines & Petroleum recently removed a restriction that obligated those engaged in the export of opal, sapphire and emerald to limit the volume of raw minerals they send abroad to just 20pc.


Ministry Ponders Tax Waivers for Rural Energy Solutions

Tax exemptions for off-grid energy technologies like solar pumps and mini-grids are under discussion, spearheaded by the Ministry of Water & Energy. Commonly used by rural households, officials disclose their simultaneous plan to develop 300 mini-grids in the next six years. According to Birhanu Weldu, the lead executive of rural energy technology development, the initiative tackles the country's low electrification rate and reliance on charcoal and firewood. Charcoal, fuel wood, and...


Rural Land Proclamation Comes to Light

A landmark legislation that grants title holders in rural areas the right to use the property as collateral was unanimously ratified by Parliament last week. It primarily focuses on extending access to finance for farmers and pastoralists, through a structured land title system. It also introduces criminal penalties for the illegal transfer of property. Replacing the 18-year-old proclamation for rural land management, the law sentences individuals engaging in land invasions and unauthoris...


Ethiopian Unveils $50m Domestic Terminal Renovation

With a rising demand for domestic travel, Ethiopian Airlines has renovated its terminal at Addis Abeba Bole International Airport with 50 million dollars to handle customers. The expanded terminal has doubled its previous size to 25,750Sqm and accommodates 200 daily flights to and from 22 domestic destinations. It includes four contact gates, 10 remote departure gates, 22 check-in counters with automated baggage screening systems, shops and restaurants. The terminal also features a dedica...