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News Ethiopia falls short on cement export target

Ethiopia falls short on cement export target

Written by Global Cement staff 07 August 2018
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Ethiopia: Ethiopia has failed to meet its cement export target for the 2017 – 2018 financial year that ended on 7 July 2018. It planned to raise US$42m in revenue from cement exports, according to Cement and Related Industry Research Development Technology Director Simegn Degu, who was quoted by the Ethiopian Herald newspaper. However, its exports only rose by 47% year-on-year to US$25m from US$17m. Degu blamed the shortfall on shortages of input materials and a lack of foreign currency.

Last modified on 08 August 2018
Published in Global Cement News
Tagged under
  • Ethiopia
  • Government
  • Export
  • GCW365
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