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, Tea Export Yields 200m Dollars

Dec 5 , 2018


[ssba-buttons]

Over 200 million dollars was generated from 84,000tn of commodities in the first quarter of the fiscal year, including coffee, tea and spices. The boost is attributed to the measures taken to improve quality by the newly-formed national committee to oversee the entire product chain, according to Adugna Debela (PhD), director general at the Ethiopian Coffee & Tea Authority. In addition, the Authority has been working with agriculture extension workers in introducing seeds that suit the ecology of the country to enhance productivity. There are challenges with regard to quality and implementation of guidelines that the authority has to tackle in the coming seasons, according to Hussien Agraw, president of the Ethiopian Coffee Exporters Association. Ethiopia plans to export 300,000tn of coffee, tea and spices in the current fiscal year.


Radar

Freight Forwarders Earn FIATA Diplomas as Sector Eyes Global Stage

The Ethiopian Freight Forwarders & Shipping Agents Association (EFFSAA) has graduated a new cohort of professionals from the internationally recognised FIATA Diploma Programme, bolstering efforts to strengthen Ethiopia's logistics and freight forwarding sector. EFFSAA President Dawit Wubshet (PhD) said the association has trained more than 495 professionals since launching the programme. He noted that EFFSAA is working with international partners to expand digital learning and introduce o...


Radar

Parliament Backs Italian, French Loans for Reform, Infrastructure

Parliament has ratified two loan agreements worth a combined 124.6 million euros with the governments of Italy and France, approving both proclamations unanimously during its second emergency session of the fifth parliamentary term. The larger agreement secures a 70 million euro loan from Italy to provide direct budget support for the government's economic reform agenda. The concessional financing carries a 30-year repayment period, including a 16-year grace period, with no interest or servic...


Radar

Ethio Re Seeks Capital Reset for Regional Expansion

Ethiopian Re-insurance Share Company (Ethio Re) is seeking a strategic capital adjustment to support its next growth phase as it marks a decade of operations. CEO Netsanet Lemessa said the company's capital has quadrupled over the past ten years but has declined in foreign currency value. Established in 2016 as the country's first indigenous reinsurer, Ethio Re has retained more than 90 million dollars in foreign exchange for the economy. Its assets have grown from 82 million Br to 5.3 billio...