News in brief from November 25, 2012.-November 27, 2012.


 Artisan Miners Supply 2,552Kg Gold to NBE

Artisan gold miners supplied over 2,552Kg of gold worth 132.7 million dollars to the National Bank of Ethiopia (NBE) in the first quarter of the2012/2013 local budget year. The gold supplied to the central bank was obtained from Tigray, Oromia, Benshangul Gumuz, South Nations Nationalities and Peoples (SNNP) and Gambella states.  As compared to the previous same  quarter, the gold supplied shows 488Kg more gold and an increase of 23.2 million dollars revenue, according to the Ministry of Mines(MoM).

Publication: The Ethiopian Herald, November 25, 2012.


EnterpriseInaugurates Passengers Terminal

Ethiopian Airports Enterprises (EAE) inaugurated a Garad Wilwal Jijiga Passengers Terminal on Saturday November 24, 2012. The newly inaugurated terminal has a capacity to accommodate 176 passengers at peak hour. TheEnterpriseis also, as part of the Growth & Transformation Plan (GTP) implementation, striving to increase the current 18 airports to 21.

Publication: The Ethiopian Herald, November 27, 2012.


Farmers Benefit from Animal Fattening

 Some 1,300 farmers engaged in animal fattening in Goro Wereda, Bale Zone of Oromia State secured over 15 million Br profit from sale of fattened animals during the last four months. The farmers earned the amount from the sale of a total of over 4,160 fattened animals. The amount exceeds by over three million Br compared with same time of previous time.

Publication: The Ethiopian Herald, November 27, 2012.


EthiopiaEarns $39m from Conference Tourism

Ethiopiaearns 39 million dollars from conference tourism in the 2011/2012 budget year. The revenue was collected from 49,685 conference participants hosted in the capital Addis Abeba. Each participant is estimated to have an expense of 121 dollars in six days stay, according to Ministry Culture & Tourism.

Publication: Addis Lisan, November 28, 2012.

EthiopiaExport Revenue Drop by 7pc

Ethiopiaexport revenue has dropped by seven percent in the first quarter of the fiscal year as compared to the previous first quarter year. The total revenue earned from exports in the first quarter year was 669.1 million dollars. The revenue from exports decreased due to the lower demand for coffee and oil seeds in the international market. Coffee export to international market raised revenue of 199.3 million dollar in October,which is lower than the previous first quarter year revenue of 201.9 million dollar, according to the Ministry of Trade (MoT).

Publication: Addis Business, October 2012.


City Hopeful to Meet GTP Housing Target

Construction of residential houses in the ever expanding Addis Abeba city is on the right track to meet the target set in the five year Growth & Transformation Plan (GTP). The administration is undertaking construction of 95,000 houses, half way to the target plan of constructing 170,000 houses during the GTP period, the city’s Construction & Housing Development Bureau said.

Publication: The Ethiopian Herald, November 25, 2012.

Published on Dec 02,2012 [ Vol 13 ,No 657]



With a reformist administration in charge of the executive, there has b...


The new electricity tariffs that became effective on December 1, 2018,...


Who it is that midwifed the rapprochement between E...


Ethiopia’s economy is at a crossroads. The same old advice will not s...


A recent photo between Prime Minister Abiy Ahmed (PhD) and George Soros...


The future is bleak. Millennials and younger generations who will inher...

View From Arada

There is heated debate on the propriety, decency and morality of breast...

Business Indicators


Editors Pick