Export Revenue Keeps Sliding

Jun 22 , 2019


[ssba-buttons]

Ethiopia earned a total of 3.6 billion dollars from exports in the first 11 months of the current fiscal year. The figure is below 40pc of the targeted performance of 3.9 billion Br. Compared to the same period last year, the value is a 196.9 million dollar, or 7.61pc, decline. The export of khat and eucalyptus trees scored higher than expected, while the export of tantalum, cereals and oil seeds went as planned, according to the Ministry of Trade & Industry. Spices, livestock, food and pharmaceuticals, minerals, natural glue, frankincense and leather products all underperformed by more than 50pc during the period. The lack of compatibility of domestic prices with international prices in agricultural products, contraband in mining and lack coordination in the manufacturing sector were stated as the reasons for the decline.


Radar

NBE Expands Diaspora Warning Over Unlicensed Remittance Firms

The National Bank of Ethiopia (NBE) has issued an expanded public warning targeting unlicensed remittance operators abroad, flagging four U.S.-based companies it says are undermining Ethiopia's financial regulations. The warning includes newly disclosed findings and specific cases that underscore growing concerns about illicit cross-border financial activity. Remittance flows remain a vital lifeline for Ethiopia's economy, supporting households and supplying critical foreign currency. But as...


Radar

Stricter Standards Unveiled for Public Auditors, Accounting Firms

The Accounting & Auditing Board of Ethiopia (AABE) has issued a new directive aimed at strengthening oversight and professional standards in the accounting and auditing sector. Grounded in the Financial Reporting Proclamation, the directive addresses long-standing regulatory gaps while preparing the sector for the country's emerging capital market. Key provisions introduce stricter licensing standards for public auditors, professionals permitted to audit public interest entities. Applican...


Radar

Export Recovery Gains Ground, Industry Still Lags Potential

The Ministry of Industry (MoI) has reported a modest rebound in Ethiopia's manufacturing exports, with revenues climbing eight percent in the 2025 fiscal year to reach 318 million dollars. Minister Melaku Alebel attributed the growth to a gradual sectoral recovery but acknowledged the figures remain well below the country's industrial potential. Speaking at a forum held with 60 top-performing manufacturers, Melaku said the ministry is working to unlock bottlenecks and improve coordination. Th...