Coffee Exports Reach New Heights

Apr 17 , 2021

A bit of good news in the export sector reported last week. The highest-ever earnings from coffee exports in a single month were recorded, according to officials at the Ethiopian Coffee & Tea Authority. Over 107 million dollars were received from the exports of 27,000tn of coffee between early March and April 2021, the Authority disclosed. The improved earnings have been attributed to better integration between players in the coffee value chains, from farmers to collectors and exporters. The Authority also cites its implementation of working procedures to shorten the coffee production-to-market chain as a factor behind the high earnings. Coffee accounts for around 30pc of Ethiopia's export earnings of an annual average of 2.5 billion dollars and contributes an estimated five percent to the country's GDP.


Ethiopian Seafarers Contribute $50m Annually in Remittances

Ethiopian Maritime Authority disclosed 50 million dollars in annual remittances from seafarers deployed internationally. Abdulber Shemsu, the director general of the Authority, said Ethiopia's membership in the International Maritime Organisation (IMO), establishes global standards and guidelines for safe, secure, and environmentally sustainable shipping practices. With 176 member countries and three associate member countries, including Ethiopia, the IMO provides a framework for ensuring...


AfDB Launches $1.5m Initiative to Propel Agro-Industrial Parks

A 1.5 million dollar initiative for the development of three Agro-industrial parks was commenced last week. Financed by the African Development Bank (AfDB), the project includes feasibility studies, a master plan, and an environmental and social impact assessment. The Phase Two project, which includes capacity building for stakeholders, was initiated last week with an agreement between Semereta Sewasew, state minister for Finance and Gunther Beger, managing director of UNIDO. Semereta said...


Cabinet Approves Public Service Legislation

Council of Ministers has unanimously approved the legislation that aims to raise the competency and professionalism of public service in the country. The Federal Civil Servants Proclamation is pending ratification from Parliament. The decision was made during the 30th meeting of the Cabinet last week, which follows the ratification of the public service and administrative policy. Currently, the 176 federal agencies within 22 ministries, collectively employ around two million people. The polic...