Export Revenues Top $2.8b

May 23 , 2021

Earnings from the export of goods over the first 10 months of the current fiscal year have exceeded 2.8 billion dollars, around 85pc of what was initially targeted, the Ministry of Trade & Industry disclosed last week. Less than 2.5 billion dollars was earned over the same period last fiscal year. The Coffee & Tea Authority announced recently that export records for coffee were broken two months in a row, with 107 million dollars and 114 million dollars earned in March and April, respectively. Likewise, the Ministry of Mines & Petroleum has also publicised that revenue from gold export, which has overtaken coffee for the number one spot, has topped half a billion dollars so far this fiscal year.



They say, "Where there is traffic, there is business." It reflects the colour of Addis Abeba roads and roundabouts. Around Bole, commonly known as the Ring Road, vendors serve tea and snacks underneath a bridge. Owing to these selling methods allow pedestrians and drivers to get the service they need while walking and driving. Despite that, such practice has become a frequent encounter in the heart of the city streets. The most common purpose of a ring road is to reduce traffic volumes in the ur...



Pedestrian walkways around Addis Abeba are growing smaller by the day, competing to gain a foothold in the public spaces. The city, which prides itself as Africa's political and diplomatic capital, becomes a showcase of contrast. Beauty and affluence wrestle destitution and poverty to claim space. Vendors have displayed their second-hand outfits, shoes and luggage for sale on a roundabout in front of the Ministry of Education, up at the Arat Kilo area...



Retired city buses were once converted to bakery outlets retailing bread supplied by ‘Sheger Bakery' during their twilight zone. The city administration had used Anbessa City buses as its retail shops before formal outlets replaced them. Sheger Bakery, touted as the largest bakery and flour factory with the potential of baking two million loaves of bread daily, was to cater for millions of people in Addis Abeba with a subsidized bread supply but failed to live up to expectations. The old city...