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Ethiopia misses export target yet again

Withthe country struggling to contend with the extended security crisis, more reports are emerging revealing an alarming trendin the performance of Ethiopia’sexport sectorasthe Ministry of Trade and Industry (MoTI) continues tograpple with illicittrade activities.

Chinese manufacturer plants foot in Ethiopia

Wondfo JCC, a division of GUANGZHOU WONDFO BIOTECH CO., LTD, a China based company is opening-up shop in Ethiopia partnering with REY Import and Export PLC, Delta Instrument Technology PLC and EZM,local Ethiopian enterprises.

Italian textile maker unveils export of synthetic products

Joining the Ethiopian investment landscape with a capital outlay of USD 100 million, Cavico Group, an Italy-based textile giant, which has set up shop at the newly inaugurated Kombolcha Industrial Park, has launched the export of specialized synthetic textile products to the European markets, The Reporter has learnt.

Addis Ababa mayor warns fuel stations

The Addis Ababa city administration deputy mayor Takele Uma (Eng.) has warned gas stations and petroleum companies operating in the city to properly discharge their responsibility.  

 Coffee fetches USD 334 mln, declines by USD 48 mln

The export of some 104,000 tons of coffee has generated USD 334 million. When added with the USD five million generated from spices exports and USD 1.6 million from tea; the total export value Ethiopia has bagged during the current half fiscal year stands at USD 340 million.

Federal police raid fronts for black-markets

The Addis Ababa Federal Police has raided the foreign exchange black market shutting down all suspected stores located around Gandhi Hospital and Ethiopia Hotel. The stores, believed to do the illegal business,have been shut since late last week and are now guarded by the police to prevent from evidence tampering.

USD 200 mln steel structure, Turbine deals for GERD

The Ethiopian Electric Power (EEP) has inked two separate contractual agreements worth USD 200 million to revive and overhaul the hydraulic steel structures and electromechanical works that has delayed the construction of the Great Ethiopian Renaissance Dam (GERD).