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The Ethiopian Ministry of Trade and Industry said Ethiopia has earned $1.2 billion in the Ethiopian fiscal year that ended on July 7, 2019.

Misganu Arega (Ambassador), State Minister of Trade and Industry, in a press conference, said the $1.2 billion has been obtained from the export of coffee, green mung, white kidney beans, sesame and soya beans.

The State Minister added the Ministry will "take measures" against illegal exporters, including license revocation.

 Source:https://www.2merkato.com/news/alerts/5768-ethiopia-earns-12-bn-from-coffee-oilseeds-exports-in-2018/9 

 

 

The Ministry of Culture and Tourism announced results of the second star rating of hotels.

A total of 159 hotels in all regional states and the two city administrations were included in the rating carried out by Ethiopian professionals over the past six months.

Out of the total, star rating was given for only 88 hotels.

Accordingly, 30 hotels in Addis Ababa, 12 in Amhara, 12 in Oromia, 10 in SNNP, 8 in Tigray, 3 in Benishangul Gumuz, 2 in Dire Dawa, one in each of Gambella and Harari regional states, were rated 1-4 star.

A hotel from the Somali regional state failed to get the ranking.

In general, 12 hotels were rated four-star, 13 hotels three-star, 31 hotels two-star and 27 hotels one star.

In the first star rating held four years ago, 250 hotels were rated 1-5 stars.

Source: https://fanabc.com/english/2019/07/ministry-announces-2nd-star-rating-of-hotels/

 

When the tree-planting effort concluded yesterday, officials announced Ethiopians have much surpassed the originally planned amount of planting 200 million trees: the number of trees planted in twelve hours is well over 350 million.

The previously held world record for most trees planted in a day was India's 49.3 million trees planted on July 11, 2016. Ethiopia's tree planting national move yesterday has seen the world record rise over seven-fold.

Getahun Mekuria, Ethiopia's Minister of Innovation and Technology, tweeted estimates of the number of trees being planted throughout the day Monday. By early evening, he said 353,633,660 tree seedlings were planted in 12 hours.

Ethiopian Prime Minister Abiy Ahmed also congratulated Ethiopians for not only meeting the target set, but also for far exceeding it.

“This activity sends a strong message to the world,” PM Abiy said.

Prime Minister’s Green Legacy initiative, launched in May, aims to plant a total of 4 billion trees this rainy season. With the figures from yesterday in, close to three billion trees are now planted as part of this initiative.

 

Ethiopia announced plans to see its revenues from mining rise by six-fold in the newly started Ethiopian fiscal year. To this end, the Ethiopian government made known, a national coordinating committee has been formed.

The national committee, comprised of representatives from several Ethiopian ministries, will "reinvigorate activities that can improve the sector and increase the benefits the country can secure from the sector," it was reported. Ethiopia's revenue obtained from mining currently stands at a mere figure of $44 million for the Ethiopian fiscal year that ended on July 7.

Gaps in legal frameworks, lack of integration among stakeholders and contraband are among the major challenges that are often said to have a negative impact on the country's mining sector performance. 

Yidnekachew Tezera, Chairman of the newly established committee, said the committee will focus on addressing the already identified problems, which include policy shortcomings and rising trend of contraband.

The committee will further work to streamline ongoing efforts among stakeholders, including customs offices, security and other bodies towards enhancing the performance of mining sector producers and exporters, Mr. Yidnekachew remarked.

 

Source: https://www.2merkato.com/news/alerts/5773-ethiopia-plans-to-see-mining-revenues-rise-six-fold

 

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