News

Ethiopia achieved only 56.9% of its target for exports revenues in the first three quarters of 2017-18 fiscal year

Ethiopia achieved only 56.9% of its target for exports revenues in the first three quarters of 2017-18 fiscal year
  • Comments   -   Monday, 14 May 2018 - 14:12

(Ecofin Agency) - Ethiopia exports generated $2.1 billion during the first three quarters of the 2017-18 fiscal year. This represents an achievement rate of 56.9% from the $3.66 billion initially targeted and a deficit of $1.58 billion.

According to authorities, this rather poor performance is mainly due to smuggling. Among exported items, oilseeds, tea, and electricity recorded the best performance, meeting more than 75% of targets. On the other hand, chemical inputs, construction items, textile, spices, gold, live animals, footwear and honey products achieved less than 50% of income targets.

Let’s note that China, Somalia, the United States, Saudi Arabia and the Netherlands were the main destinations for Ethiopian exports during the period under review.

Nigeria will commission its first nuclear power plant within the next decade,...
Read more |  18 May 2018
Côte d’Ivoire is reinvigorating land management. Indeed, after having announced more speed...
Read more |  18 May 2018
In Rwanda, cut flower exports generated $2.8 million between July 2017 and March...
Read more |  18 May 2018
Paul Obambi (photo), owner of the Congolese company SAPRO SA, seeks a...
Read more |  18 May 2018
Manas Resources concluded an agreement with Perseus Mining to acquire its Mbengué...
Read more |  18 May 2018
In Morocco, the agricultural inclusive and sustainable development support program (PADIDFA) will...
Read more |  18 May 2018

Copyright Agence Ecofin © 2018. All Rights Reserved.