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Export Disruption in Tigray costs Ethiopia USD 20 mln per month
30 January 2021
By Samson Berhane

Ethiopia loses USD 20 million (800 million birr) per month in exports due to the closure of factories and mining plants in Tigray, following the fighting between the Federal government and the forces of Tigray People’s Liberation Front, according to the Ministry of Trade & Industry.

Factories situated across the region have been closed since the offensive was launched in what the government calls a law enforcement operation against the TPLF.

Sources indicated that there are also industries that were looted and totally damaged due to the fighting in the region, although an assessment is being conducted to find out the extent of the damage.

While almost all factories, mining plants and small industries are still not operational and have suspended exporting items since November 2020, it is costing the country an aggregate of at least USD 60 million (equivalent to 2.4 billion Birr).

“This is just what we have lost because companies in the region have stopped exporting items. This is excluding the direct damage on factories, which is likely to be higher than what the country has lost due to the export disruption in Tigray,” said Dugsa Dunfa, an Advisor to the State Minister for Trade & Industry. He added: “A team comprised of six members was sent to the region to assess the extent of the damage. Their finding will be disclosed in the weeks ahead.”

Continue reading https://www.thereporterethiopia.com/art ... -mln-month

[Tog Wajale E.R.]

So What Qomal Agga*me Bast*ard Prostitutes Guahaf Agga*me:--- Go Fix & Salvage Dead Tigrai Now. They Will Recover It Through Assab And Massawa Ports With No Dollars Fee Or Taxation Services. Go Figure Bissbiss Shettattam Agga*mes.