Flower Growers Request Help in Sourcing Sugar

Apr 16 , 2022


The Ethiopian Horticulture Producer Exporters Association (EHPEA) is petitioning the Ministry of Industry for help in sourcing sugar on behalf of five flower growers. Floriculturists use sugar as a natural preservative to extend the shelf life of fresh-cut flowers destined for export. The letter was written on behalf of Afri Flower, Tal Flower, Beti Ornamental Plants, JoyTech Flowers and Klaver Flowers. These companies export gypsophila summer flower types and employ over 2,000 people. The industry lobby group has also been vocal in its opposition to the central bank's updated forex retention rules introduced in January. A recent central bank directive upping price floors for flower exports has also been cause for concern.


Radar

Ministry Secures $86m Grants

An 86.18 million dollar grant agreement was signed between the Ministry of Finance, UNICEF and UNFPA last week to support the agencies' ongoing country programs for the fiscal year. Out of the total grant, UNICEF committed 70 million dollars to support its water, nutrition, education, health, sanitation, child protection, and gender projects. Meanwhile, UNFPA pledged 16.1 million dollars for family planning, maternal health, adolescent and youth development, and gender equality and women empo...


Radar

Authority Reports Fuel Import Stats

Ethiopian Petroleum & Energy Authority (EPA) disclosed that 3.2 million tons of fuel were imported into the country during the last fiscal year. The figure includes 2.04 million tons of diesel and 767,672tns of benzene. In the past fiscal year, the digital payment system, Telebirr, facilitated transactions totalling 103 million volumes worth 61.8 billion Br. Of these transactions, 81.39pc were for diesel, while 17.82pc were for benzene. The number of fuel stations increased from 682 to...


Radar

Commercial Bank Collects $3.2b in Foreign Currency

The Commercial Bank of Ethiopia (CBE) announced robust performance in foreign currency collection for the past fiscal year, achieving 3.2 billion dollars in total mobilisation. This includes 2.07 billion dollars in remittances, with the Bank's Diaspora banking service and CBE Birr contributing 89.9 million dollars to the total. The performance details were shared during CBE's annual review meeting last week. "This achievement is particularly gratifying given the challenging economic climat...


Back
WhatsApp
Telegram
Email