FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




Coffee Rescue Mission Calls on EU Assistance

Feb 10 , 2024


[ssba-buttons]

Modalities to minimize the impact of the European Union Deforestation Regulation(EUDR) on smallholder coffee farms were discussed by senior government officials and EU representatives representatives last week. Semereta Sewasew, State Minister for Finance, expressed concerns over the achievability of compliance with the EU's regulation in a short period of time for a country that has mostly small and fragmented farmland. She underscored the committed will of the government to implement the 2.2 billion Br action plan unveiled two weeks back for improving compliance while acknowledging the difficulty of meeting stipulations of the EUDR in the short term. David Krivanek, Deputy Head of the EU Delegation to Ethiopia, reiterated the commitments in the  Regulation to fight against climate change and its determination to ensure commodities that will be available on the EU market are no longer contributing to deforestation. Nonetheless, he expressed plans by the EU to help Ethiopia with the implementation of the action plan alongside other development partners. The EUDR was ratified by the European Parliament in June last year. It effectively banks seven types of commodities, including coffee, from entering the market without due diligence statements proving no deforestation occurred during their production since 2020. Ethiopia exports around 40pc of its coffee to European markets which amounted to around 500 million dollars last year.


Radar

Liquidity Relief, Reform Pressure Meet as World Bank Prepares Major Budget Support

The World Bank is set to approve a 1.45 billion dollar budget support package for the Ethiopian government on June 25, 2026. The announcement came alongside a high-level consultation at the Ethiopian Skylight Hotel, where leaders from the Ethiopian Chambers of Commerce and Sectoral Associations (ECCSA) met with private sector representatives and the National Council. The package follows an earlier 17 billion dollar credit and summer service support allocation. The institution has anchored key...


Radar

Cabinet Approves 502b Birr Budget as City Returns to Federal Subsidy

The Addis Abeba City Cabinet has approved a 502 billion Br budget for the 2026/27 fiscal year, a fiscal plan that marks a return to federal subsidies despite previous claims of municipal self-sufficiency. The budget, now awaiting final ratification by the City Council, incorporates a federal subsidy of more than 74 million Br. This policy reversal follows the 2025/26 mid-year salary revisions for civil servants, implemented to buffer the inflationary impact of the floating Birr on the cost of...


Radar

Global Analytics Meets Local Insight as WAAS Partners With Kantar in Ethiopia Expansion

WAAS International Plc has partnered with global analytics firm Kantar on June 12, 2026, to introduce predictive analytics and consumer tracking tools into the country's corporate market. The collaboration blends Kantar's global methodologies with WAAS's 35-year local data archive to support business leaders operating in a liberalising economy. WAAS Managing Director Efera Busa said the partnership connects global expertise with local context, delivering standardised metrics without losing cu...