Amhara Region Opal Industry Generates $3.6m

Jul 24 , 2021


[ssba-buttons]

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.


Radar

Fresh Push to Help Farmers Get Covered & Cash In

The Ministry of Agriculture has established the Rural Finance Service Unit (RFSU) to coordinate and expand agricultural insurance nationwide. Announced on Tuesday at the 2025 UNDP Financial Resilience in Agriculture Community of Practice forum (held at the UN Economic Commission for Africa headquarters), the RFSU is supported by UNDP, JICA, and other partners with funding from the Bill & Melinda Gates Foundation. Agriculture Minister Girma Amente (PhD) and State Minister Sofia Kassa attended...


Radar

Mission 300 Gains Momentum as Ethiopia Charts Path to Energy Equity

The Government has developed a National Energy Compact with the goal of achieving universal electricity access by 2030. The strategy, led by the Ministry of Water & Energy (MoWE), outlines Ethiopia's commitment to reaching 100pc energy access for its population within the next five years. According to State Minister for Energy Development Sector Sultan Woli, the compact was prepared in collaboration with key development partners, including the World Bank Group and the African Development...


Radar

Rammis Bank Commences Mobile Application, Card Banking Services

Rammis Bank has launched its mobile banking application and card services as part of its digital expansion drive. The "Rammis Mobile App" was officially introduced during a launch event held on Saturday at the Grand Eliana Hotel. The app allows users to transfer funds at any time, pay bills, top up mobile airtime, and send money to telebirr wallets for themselves or others. The newly introduced card service enables customers to withdraw cash from any ATM and make payments via Point of Sale (P...