Capital Brews Up Continental Coffee Conference

Sep 18 , 2023


About 2,000 coffee farmers, roasters, international buyers and experts will convene in the capital to discuss policies and access to finance in February at the backdrop of the 20th African Fine Coffees Conference & Exhibition. The Ethiopian Coffee & Tea Authority announced the theme of the conference last week at the Sheraton Addis Hotel, Taitu Street while the first African Coffee Week will be held simultaneously. Shafi Omar, deputy director general of the Authority, said that the four-day event will create a great opportunity to promote Ethiopian coffee in Africa and the world market. The conference and exhibition will be jointly organised by the Authority, the Inter-African Coffee Organization (IACO) and the African Fine Coffees Association (AFCA), a membership-based association representing coffee sectors in 11 member countries. While coffee remains Ethiopia's primary export, its price susceptibility to international markets has necessitated the development of alternative means of marketing and cultivation in recent years.


Radar

Ministry Secures $86m Grants

An 86.18 million dollar grant agreement was signed between the Ministry of Finance, UNICEF and UNFPA last week to support the agencies' ongoing country programs for the fiscal year. Out of the total grant, UNICEF committed 70 million dollars to support its water, nutrition, education, health, sanitation, child protection, and gender projects. Meanwhile, UNFPA pledged 16.1 million dollars for family planning, maternal health, adolescent and youth development, and gender equality and women empo...


Radar

Authority Reports Fuel Import Stats

Ethiopian Petroleum & Energy Authority (EPA) disclosed that 3.2 million tons of fuel were imported into the country during the last fiscal year. The figure includes 2.04 million tons of diesel and 767,672tns of benzene. In the past fiscal year, the digital payment system, Telebirr, facilitated transactions totalling 103 million volumes worth 61.8 billion Br. Of these transactions, 81.39pc were for diesel, while 17.82pc were for benzene. The number of fuel stations increased from 682 to...


Radar

Commercial Bank Collects $3.2b in Foreign Currency

The Commercial Bank of Ethiopia (CBE) announced robust performance in foreign currency collection for the past fiscal year, achieving 3.2 billion dollars in total mobilisation. This includes 2.07 billion dollars in remittances, with the Bank's Diaspora banking service and CBE Birr contributing 89.9 million dollars to the total. The performance details were shared during CBE's annual review meeting last week. "This achievement is particularly gratifying given the challenging economic climat...


Back
WhatsApp
Telegram
Email