Ethiopia secures $229M from flower export achieving 68% target

In the face of political unrest the country went through, Ethiopia gets $228.6 million from flower export last fiscal year ended July 7, 2018 achieving 68% of its target.

The ministry of trade of the country, which was recently merged with ministry of industry, stated in its report that the reason the target was not achieved is because some companies have not been able to fully utilize their potential using all the land they have acquired.

The report has also mentioned the flooding around Debre Zeit and Koka Lake, which caused damage on some of the flower farms in the area at the time, as the main cause for the reduction of flower production of Ethiopia and revenue.

The other factor for not meeting the revenue target also includes, the unrest in the country at the time has also forced some daily laborers to stop work and flee from the area, according to the report.

Ethiopia’s income from flower export has been increasing steadily over the years. The country earned close to $131 million ten years ago.

Read more at New Business Ethiopia (Andualem Sisay Gessesse)

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