Ethiopia Secures $77m from Oil Seed Export

Jul 18 , 2021

The export of oil seeds, pulses and edible oil products brought in 77 million dollars over the first 11 months of the just-ended fiscal year. The export of processed oil seeds and unprocessed avocado oil has more than doubled in comparison to the previous year, according to the Food, Beverage & Pharmaceutical Industry Development Institute. Hilina Enriched Foods Plc registered as the highest earner amongst suppliers for its export of processed nuts, securing around 17.5 million dollars. It is followed by Ambasel Trade Works, which secured nearly half a million dollars from exporting roasted sesame. Sunvado Plc, a Dutch company operating in Yirgalem Agro-Industrial Park, earned 1.7 million dollars from the export of unprocessed avocado oil.


Premier Pushes Domestic Drug Production

A six-day domestic pharmaceutical production and innovation expo was inaugurated by Prime Minister Abiy Ahmed (PhD) last week. More than 110 local pharmaceutical manufacturers participated at the Millennium Hall on Airport Road. Recently appointed Minister of Health Meqdes Daba (MD), said local production of pharmaceuticals has become a cornerstone of health policy, which received approval from the Council of Ministers a month ago. However, a report from the Global Fund For Health last year r...


AFDB Lauds $8m for Solar Mini-Grid

Around half a million people foresee benefits from the pilot mini-grid built across nine sites in Amhara, Oromia, Sidama, and the Southern regional states. African Development Bank Group has approved eight million dollars in finance to support the project under the Distributed Renewable Energy & Agriculture Modalities (DREAM) program. The DREAM project, with a total budget of 20 million dollars through concessional loans, grants, and risk mitigation, will cover half of the mini-grid capital...


Parliament Approves $275m Loan for Urban Project

A  275 million dollar loan agreement was approved by Parliament last week, to support the second phase of the Urban Water Supply & Sanitation Project. Set to be implemented over the next three years, the project follows negotiations between Ethiopia and the International Development Association (IDA). The Chief Whip Tesfaye Beljige (PhD), presented details of the loan agreement to lawmakers and said that the project focuses on enhancing the supply of clean drinking water and improving sa...