Coffee Exports Generate $645m in Seven Months

Feb 19 , 2022


[ssba-buttons]

Around 162,000tn of coffee was exported over the first seven months of the financial year, generating 645.1 million dollars. The figure is close to 300 million dollars higher than coffee export revenues recorded over the same period last year. Germany tops the list of primary destinations for the cash crop, accounting for 137 million dollars of the total. Saudi Arabia and Japan follow. The climb in revenues and export volumes is attributed to high international prices and the availability of new options in the coffee supply chain, according to Ethiopian Coffee & Tea Authority The country earned 658.1 million dollars from the export of coffee, tea and herbs over the reporting period. The Authority targets earnings of a little over one billion dollars from coffee exports this year.


Radar

Ethiopia Unveils Consortium to Insure Millions of Farmers

Ethiopia has launched its Agricultural Insurance Consortium (AICE), pledging to protect three million farmers by 2026. Announced on July 3, 2025, at the Hyatt Regency, the initiative is backed by Pula Advisors and five major Ethiopian insurers. AICE plans to promote climate resilience through insurance bundled with the government's input voucher system. Leveraging AI platforms like Mavuno and PIE, it plans to standardise products, lower costs, and expand coverage to over 200 woredas. With agricu...


Radar

New Coopbank Partnership Targets Youth Economic Empowerment

The Cooperative Bank of Oromia (Coopbank) has signed a strategic agreement with Melka Ethiopia to provide loan services to over 120,000 young men and women nationwide. The partnership plans to promote youth economic empowerment by expanding access to finance and creating jobs, with a strong focus on rural and underserved areas. Both institutions held joint discussions to explore ways to improve youth livelihoods and financial inclusion. By closing access gaps, the partnership is expected to help...


Radar

Ethiopian Netpreneur Program Training Kicks Off

The Ethiopian Netpreneur 2025 Training Program has officially launched its first cohort in Addis Abeba with 64 entrepreneurs beginning their first round of training. Organised by the Global Digital Talent Academy, the initiative plans to empower local business owners, startup founders, and digital sector players with global-level e-commerce skills. At the launch event, Innovation and Technology Minister Belete Mola (PhD) urged participants to leverage the opportunity to build networks and shape...