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Business : Ethiopia triples gold revenue to $300 mln |
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August 02 Posted by: Bini | 2-08-2010, 13:48 | | |
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ADDIS ABABA (Reuters) - Ethiopia has almost tripled earnings from gold exports to $300 million in 2009/2010 from $105 million in 2008/2009, outpacing plans to double revenue this year, its mines minister said on Monday.
"We've gone up to $300 million mainly thanks to stabilising the market and introducing incentives for our artisan miners," Minister for Mines and Energy, Alemayehu Tegenu, told Reuters in an interview.
The independent miners, who were now guaranteed steady prices from the central bank, had brought in $100 million of the revenue, he added.
A fledgling gemstone industry raised $1.245 million, the minister said. .... |
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Sport : Ethiopian athletes' disappointing performance at African Champs |
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August 02 Posted by: Bini | 2-08-2010, 13:28 | | |
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 ADDIS ABABA (APA) — Ethiopian sport fans expressed their disappointment with the performance of the national athletics team which finished 9th at the 17th African athletics championship that ended on Sunday in Kenya. The sport family is asking the Ethiopian Athletics Federation to immediately investigate why Ethiopia performed below its potential. “It is really disappointing to see such a result. We won only one gold medal, which is nothing compared to our athletics history,” said Metaferia Zeleke, a sport fan in Addis Ababa. Ethiopian media are hosting call-in shows on the athletes’ poor performance at the Kenyan championship. Kenyan athletes were able to collects more medals, which the Ethiopian were expected to won, especially in the 5,000 men and women races. Watch Video Report Here .... |
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