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Oromia is a major contributor to Ethiopia's main exports - gold, coffee, khat and cattle. Lega Dembi in Guji Zone, owned by MIDROC has exported more than 5000 kilograms of gold, [52] followed by Tulu Kapi gold deposit in West Welega Zone. [53] Awoday in East Hararghe Zone is the biggest market of khat exporting to Djibouti and Somalia. [54]
The high-value oil seeds cultivated in Ethiopia for exports accounted $446 million while fruits and vegetables accounted $538 million in 2017. [1] Coffee has been the most exported product of Ethiopia. Over 15 million workers involved to cultivation and processing. In 2016/2017, annually export revenue estimated about $881 million.
It was the fastest-growing non-oil-dependent African economy in the years 2007 and 2008. [2] In 2015, the World Bank highlighted that Ethiopia had witnessed rapid economic growth with real domestic product (GDP) growth averaging 10.9% between 2004 and 2014. [3]
Ethiopian regions and zones. Though the Oromia region was the area where coffee was first discovered, [1] [2] [3] the previous socialist Derg regime imposed collective ownership, and farmers were required to channel all sales through local traders and auction centers in Addis Ababa and Dire Dawa, [3] thereby stunting the growth of the coffee trade in the region.
The mine is located in Oromia state, 600 km south of Addis Ababa. It is mined by Ethiopian Minerals, Petroleum and Bio Fuel Corporation, and the products mainly exported to China. [3] Kenticha was mined for tantalum from 1990-2017. [5] Peak production from the mine was 90-95 tons of tantalum concentrate per year, valued at $20 million dollars ...
The Lega Dembi Mine is the largest gold mine in Ethiopia and is near Shakiso in Oromia Region. [1] [2] Lega Dembi has a yearly production of around 4,500 kg of gold and silver, and is owned by MIDROC. [3] Pollution from the mine has resulted in environmental conflict that has exacerbated other political and ethnic conflict in the region ...
Licenses have been issued to 250 foreign firms from countries such as China, South Africa, the UK, the US and Canada. The license stipulates that every mining company should allocate 5% free equity shares apart from 8% royalties and 35% income tax. [1] The initial validity of the lease is for 25 years extendable for further ten-year period. [7]
Coffee is important to the economy of Ethiopia; around 30-35% of foreign income comes from coffee, with an estimated 15 million of the population relying on some aspect of coffee production for their livelihood. [1] In 2013, coffee exports brought in $300 million, [2] equivalent to 24% of that year's total exports. [3]