Five-month Mineral Export Generates $241 Million

ADDIS ABABA – Ethiopia has earned $241 million from mineral export in the first five months of the current 2021/22 fiscal year.

In a statement today, Minister of Mines Takele Uma said mineral exports, dominated by gold, generated $241 million in the five-months in the past five months.  



The Minister described the performance as “encouraging.” given the current security situation that is affecting the sector.

The performance also  indicates the sector could become the mainstay of Ethiopia’s economy, if some of the challenges the sector is facing could be resolved, he added.



Last year, the mineral export generated $668 million, making it the second top contributor to Ethiopia’s total export trade revenue, next to agriculture ($2.47 billion).

The East African nation secured a total of $3.62 billion from export trade in the 2020/21 fiscal year, which ended on July 7.

 

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