Export Revenues Edge Closer to $3b

Apr 30 , 2022

Over 2.95 billion dollars' worth of goods and services were shipped abroad over the first nine months of the financial year, according to the Ministry of Trade & Regional Integration. Agricultural commodities remain the primary earners, accounting for 69pc of revenues. Coffee has brought in over 750 million dollars, while cut flowers and khat have also contributed significantly. The mining sector, mainly gold, accounts for 15pc of export revenues thus far. The troubled manufacturing sector brought in close to 390 million dollars from the export of manufactured products. Despite the performance, players in the manufacturing sector continue to decry challenges in accessing foreign currency for the import of inputs, a lack of sufficient infrastructure, shortages in skilled manpower, and other financial troubles. The issues have forced nearly 400 manufacturing plants across five regions to cease operations.



Women around the Koshe area hunt through piles of trash to find scraps of metal to sell. With close to three million people unemployed in the country and a headline inflation of 33pc, unskilled labour is in little demand. Ethiopia has an adult literacy rate of 51pc, with fewer numbers going past high school. Less than three percent of 12th-grade students made it to universities this year while the rest were at the mercy of remedial exams...



An old wooden car that was part of a commercial campaign by a furniture company around the Beherawi Theatre area. Ethiopia's forest coverage to national land size has been registered at 15pc to the latest data by the World Bank. The current Prime Minister Abiy Ahmed launched an initiative labelled 'Green Legacy' to plant five billion trees in 2020 claiming an 83pc success...



A young boy attempts to pull a piece of cloth from an overloaded pickup truck around the Ayer Tena area. Observing an unsupervised child on the streets of the capital has become a common sight, with sporadic conflict across the country creating nearly four million internally displaced people. Despite the last census having been conducted 16 years ago, the population of the country is estimated at 120 million...