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Export Earnings Surpass $3.6b


Export Earnings Surpass $3.6b

Ethiopia earned a record-high 3.62 billion dollars from the exports of goods last year, according to officials at the Ministry of Trade & Industry. The figure is over half a billion dollars greater than what was registered in 2019/20. The increase is attributed largely to the surge in revenue from the export of coffee and gold, the country's two top export items. Over 900 million dollars was garnered from the export of coffee last year despite the volume being 42,000tn lower than what was sent abroad the year before. Gold export generated over 600 million dollars while horticulture brought in a similar amount. Khat trails close behind, earning the country an estimated 400 million dollars. Agricultural items still have the lion's share of export products, accounting for two-thirds of the amount generated.

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Radar

Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from the International Development Association (IDA) is earmarked for the sixth phase of the Productive Sa...


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MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the proliferat...


Radar

Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of 24,940GWh, representing 91pc of gross generation. Hydropower remains dominant, providing 9,500MW. To diversify assets and mitigate climate risks, the utility integrated the 100MW Asela Wind Power Project. The transmission network has expanded to 148,600km to secure domestic industrial supply and...