Coffee, Oilseed Exports Generate $1.2b

Jul 27 , 2019

Exports of coffee and oilseeds has generated 1.2 billion dollars in the just-ended fiscal year. The commodities exported include coffee, green mung beans, white kidney beans, soya beans and sesame, according to data from the Ministry of Trade & Industry. Under-invoicing and growing contraband trade were mentioned as the main causes of the poor performance of the nation’s exports, as shown in declines of exports in the last couple of years. To tackle these problems, the Ministry will take measures against illegal exporters, including license revocation measures, according to Misganu Arega, state minister for Trade & Industry.


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...