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

Dashen Bank Rolls Out Mobile Payment Solution

Dashen Bank has introduced a new digital payment service that allows customers to pay for fuel with ease using the Dashen Super mobile app. The service was officially launched on May 13 and is now available at every fuel stations. According to the bank, the Dashen Super app enables users to make payments in just three clicks, offering a fast and convenient alternative to traditional payment methods. Dashen Bank announced that it plans to expand the service across all fuel stations in the coun...


Radar

Four Key Agreements Passed in Parliaments 29th Regular Session

In its 29th regular session of the fourth year, Ethiopia's 6th Parliament approved four key agreements: two loan deals, the establishment of a finance corporation, and an air transport agreement. Assistant Minister of State for Finance, Meseret Haile, introduced the proposed loan agreements and requested they be sent directly to a second reading for discussion and approval. Parliament accepted the request and proceeded with a detailed discussion on the draft proclamations. Members of Parli...


Radar

New Pact Targets Rural Road Links, Food Security Goals

The Ministry of Urban Development and Infrastructure has signed an agreement with several federal institutions to launch a major project targeting rural connectivity and food security. At the signing ceremony, State Minister Yetmegeta Asrat represented the Ministry alongside officials from the Federal Ethics and Anti-Corruption Commission, the Federal Public Procurement and Property Authority, the Environmental Protection Authority, and Helvetas Ethiopia. A separate agreement was also signed...