Mobile phone industry generating more hard currency

Top Jan 4

The Metals Industry Development Institute (MIDI) said more than 14 million USD is generated in the course of the past five months alone. And also based on the commodity it is importing to the country, the metal supply will be improved in due course of time.

Fite Bekele Corporate Communication Director within the Institute noted the presence of about twelve mobile phone producing companies in Addis and its environs. These companies can help garner about 14,488,775 USD from export market after catering to the local demand.