March 15, 2011 -- Ethiopia, the second largest flower exporter among African countries, has envisaged to triple the amount of foreign currency it secures from flower export by 2014, the Ethiopian Horticulture Producers-Exporters Association (EHPEA) said, according to ENA.
Association General Manager, Tsegaye Abebe, said Ethiopia has planned to increase its annual flower export revenue to 530 million US dollars by 2014 from the 160 million US dollars it got last year (2010).
He said the amount of foreign currency the nation obtains from flower export has shown an accelerated growth since commercial flower farm was introduced in the country some 12 years ago.
According to Tsegaye, the country’s flower export revenue which stood at less than one million US dollars over a decade ago has jumped to 160 million US dollars in 2010.
It is expected to reach about 190 million US dollars in 2011 which will show a 25 percent growth rate against last year.
The government, which Tsegaye said, has been providing various incentives to the sector, is engaged now in extensive works to beef up the revenue it secured from flower trade in the next five years and attain the envisaged plan.