Export Revenues See 14pc Growth

Jul 17 , 2022

The export of goods over the 2021/22 financial year brought in 4.12 billion dollars, nearly 14pc higher than revenues generated the year before. Agricultural commodities account for close to three-quarters of the revenues. Coffee remains the most valuable export item, generating 1.4 billion Br. Germany, the United States, and Saudi Arabia were the biggest buyers of Ethiopian coffee last year. Khat and cut flowers together brought in an estimated one billion dollars. Manufacturing industries managed half a billion dollars in export revenues, while the mining sector accounted for 12pc of total revenues. Revenues from the export of gold registered at half of what the authorities had projected, while leather and leather products brought in a third of projections as the industry continues to struggle with a lack of quality raw materials and foreign currency.



A street vendor around Chechnya sells colourful giant teddy bears. Theatrical spectacles with evading street vendors and officials from the Code Enforcement Authority are ubiquitous across the streets of Addis Abeba. Nearly a sixth of the capital-employed labour force is engaged in the informal sector. A series of campaigns by the Peace & Security Administration Bureau to reel in the proliferation of street vendors has been largely unsuccessful as more and more people migrate into the capita...



Daily labourers around Qaliti attempt to lift a portion of a giant 16-wheeler truck that was in an accident. A recent decision by the Ethiopian Customs Authority to deny clearing procedures for imports of vehicles through fractionalized letters of credit has fueled anxiety in the car import business sector. An announcement by the Adama Customs Commision Branch office last week of an auction for 237 vehicles has sparked outrage as several importers and Ethiopian diaspora are up in arms over alleg...



Renovations around the soon-to-be-inaugurated Adwa Zero Km museum around Piazza kick up in gear. The museum is an integral element of a series of mega projects in the capital carefully watched over by Mayor Adanech Abiebe. The 4.6 billion Br project sits on a whopping 45,000 sqm space and houses 11 blocks with auditoriums, galleries, gyms and art installations. The contractor is China Jiangsu International ETCG, while consultancy services are provided by Ethiopia Construction Design Supervision...