Coffee, Tea Exports Plummet

Jan 19 , 2019


Ethiopia has earned 334 million dollars from the export of 103,108tn coffee in the first half of the current fiscal year. The revenue is 29pc short of the government’s plan for the fiscal year, according to the Ethiopian Coffee, Tea Development & Marketing Authority. Compared to last fiscal year, revenue generated from coffee export fell by 47.9 million dollars. Coffee is exported to Japan, Sudan, Australia, Saudi Arabia, the United States, Germany, France and Italy. The country has also bagged five million dollars from the export of spices and 1.6 million dollars from tea exports, nearly half of its annual plan. Compared to last year’s performance, the volume of commodities exported and the revenue generated from both coffee and tea have shown a considerable decline.


Radar

Ethiopias Capital Market Sets Sights on Talent Strategy

A new strategy to strengthen the human capital foundation of Ethiopia's emerging capital market is taking shape. Led by FSD Ethiopia in partnership with iCapital Africa Institute and the Nairobi Securities Exchange, the initiative is focused on building the skills, expertise, and institutional capacity needed to support the Ethiopian Capital Market Authority (ECMA). The second round of consultations took place on April 23 at Best Western Hotel, drawing key stakeholders including ECMA Director...


Radar

National Bank Upgrades Core Financial System to Global Standard

The National Bank of Ethiopia (NBE) has officially upgraded the Ethiopian Automated Transfer System (EATS), the country's Real-Time Gross Settlement (RTGS) platform, to align with the ISO 20022 messaging standard, effective March 29, 2025. Handling more than 3.5 million transactions a year worth over five trillion Br, EATS is a critical component of the country's financial ecosystem. It enables real-time, high-value settlements among 35 financial institutions, including commercial banks and m...


Radar

Spice Supply Hits 41,000tns in Nine Months

The South West Ethiopia Coffee, Tea, and Spices Authority has announced that over 41,000tns of spices were supplied to the central market in the first nine months of the current fiscal year, reflecting the region's growing role in the country's spice economy. The region is cultivating spices on more than 90,000 hectares of land, with major contributions coming from turmeric, cardamom, ginger, and black pepper. For the full fiscal year, the authority aims to supply more than 56,000tns of spice...