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.


Radar

BEARISH STROLLS

A street vendor around Chechnya sells colourful giant teddy bears. Theatrical spectacles with evading street vendors and officials from the Code Enforcement Authority are ubiquitous across the streets of Addis Abeba. Nearly a sixth of the capital-employed labour force is engaged in the informal sector. A series of campaigns by the Peace & Security Administration Bureau to reel in the proliferation of street vendors has been largely unsuccessful as more and more people migrate into the capita...


Radar

HEAVY SYNC

Daily labourers around Qaliti attempt to lift a portion of a giant 16-wheeler truck that was in an accident. A recent decision by the Ethiopian Customs Authority to deny clearing procedures for imports of vehicles through fractionalized letters of credit has fueled anxiety in the car import business sector. An announcement by the Adama Customs Commision Branch office last week of an auction for 237 vehicles has sparked outrage as several importers and Ethiopian diaspora are up in arms over alleg...


Radar

MARCHING BLOCKS

Renovations around the soon-to-be-inaugurated Adwa Zero Km museum around Piazza kick up in gear. The museum is an integral element of a series of mega projects in the capital carefully watched over by Mayor Adanech Abiebe. The 4.6 billion Br project sits on a whopping 45,000 sqm space and houses 11 blocks with auditoriums, galleries, gyms and art installations. The contractor is China Jiangsu International ETCG, while consultancy services are provided by Ethiopia Construction Design Supervision...


Back
WhatsApp
Telegram
Email