Ethiopia Secures over $ 300 Million USD from Horticulture Products

Ethiopia Secures over 300 Million USD from Horticulture ProductsEthiopia has earned 318 million USD from the export of flowers and other horticulture products in the concluded fiscal year, which ended July 7, 2019.

Ethiopian Investment Commission (EIC) Public Relations Director, Mekonnen Hailu said that the east African nation generated $261 million USD form the export of flowers and the remaining $57 million USD was secured from vegetables, fruit and herbs export.

The export of Ethiopia’s horticulture products has been increasing steadily from time to time and especially the flower sector takes the lion’s share in generating huge amount of the foreign currency, he added.

Netherlands, Saudi Arabia, UK, USA, Japan, Norway, Germany, UAE, Belgium and Italy were the main export destinations of Ethiopian horticulture products.  

More than 100 companies have been engaged in cultivation of flowers, fruit and vegetables as well as herbs and supplying high quality products to the international market, according to the Public Relations director.

So far, the horticulture export industry has created job opportunities for over 100,000 citizens in different parts of the country, it was indicated.

See More at: https://africabusinessnetworking.com/ethiopia-secures-over-300-million-usd-from-horticulture-products/