EDITOR’S NOTE: When it comes to Africa, news agencies like Reuters do not question reports provided to them by the corrupt governments. Revenue from coffee in Ethiopia, for example, is stated as $525 million. This figure is a fabrication, according to ER sources. The correct figure could be as high as $800 million. Millions of dollars are an unaccounted for because they were siphoned of by the Meles crime family.
ADDIS ABABA (Reuters) – Ethiopia’s export revenues hit a record $1.5 billion in 2007/08 (July-June), just shy of the official target, while the import bill was $4.7 billion, a top trade official said on Wednesday.
In the previous financial year, Ethiopia paid out $3.9 billion for imports ranging from industrial machines to fuel, said Girma Gelelcha, head of the Trade Promotion Department.
“The 2007/08 export revenue registered a 25 percent growth over the $1.2 billion earned in 2006/07 but failed to meet the planned income of $1.6-$1.8 billion,” Girma told Reuters.
Ethiopia, which depends heavily on development aid, says its farm-based economy has been growing by 10 percent for the past five years and hopes agriculture will help end pervasive poverty among its 81 million people.
Coffee was Ethiopia’s top export in 2007/08, earning $525.2 million, followed by oil seeds worth $221.1 million, cereals at $141.6 million and flowers at $111.7 million.
Khat, narcotic leaves that are popular in Horn of Africa countries, earned the country $108.3 million, leather and leather products bagged $101 million while gold fetched $94.1 million, Girma said.
The leading importers of Ethiopian goods, especially coffee, were Germany, Saudi Arabia, the United States, Netherlands and Japan.
Ethiopia has received some $755 million from western donors in loans and grants this year to expand sectors such as agriculture and hydropower generation. China has also been investing heavily and plans a $713 million industrial park in Ethiopia.
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FORUM | 3 Comments
I think, especially that guy, Tsegayye Tadesse, looks, to me, that he is making money on the sides from Weyane. What ever he writes seems to have come from “Walta” Misinformation.
[Reply]
July 30th, 2008 at 3:10 PM
Elias,
What do you expect from the weyane false propaganda machine that has never fail to tell a truth by mistaken. Fake revenue report, fake democracy, fake development growth, fake constitution, fake election that is surrounded by fake election board, fake ballot, fake independent observers, and fake opposition parties that was formed by weyane, fake gold that was found recently, fake dollar and birr bills that was distributed by weyane through out Ethiopia, fake EPRDF that is totally controlled by a few TPLF gangsters, fake courts that are created by TPLF, fake rule of law that is only carried out by meles and its private owned TPLF gangster idiot party….in general everything is fake under the weyane regime. Actually, Ethiopia is becoming fake eventually since all lands of Ethiopia is distributed and given forcefully to neighborhood countries………
Lets start fighting this weyane fake government. I have no damn place for weyane endless false propagands. In stead I would to spend time on the solutions how to get rid off weyanes from our beloved country…..
Death to weyane members and supporters!!!
[Reply]
July 30th, 2008 at 5:02 PM
Wowwwwww….can anybody tell me or inform these great audience of ER as to the childhood profile of the Meles and Mesfin Seyoum? I’m just wondering what plannet did they come from. These two make you believe or say, “the only good weyanes are the dead ones”.
[Reply]
July 30th, 2008 at 6:42 PM