FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




Grounds for Growth: Coffee Authority Targets New Export Highs

Aug 3 , 2025


[ssba-buttons]

Ethiopia is aiming to break its own record in the global coffee trade, with the Ethiopian Coffee & Tea Authority targeting over 3 billion dollars in export revenues from coffee, tea, and spices for the 2025/26 fiscal year. The announcement came during a performance review and planning meeting held in Adama on July 31, 2025, drawing federal and regional officials, sector experts, and stakeholders. The Authority’s Director General, Adugna Debela (PhD), revealed plans to raise coffee export volumes to 600,000 tons up from last year's 470,000 tons, which generated an unprecedented 2.65 billion dollars. He credited the record-breaking performance to coordinated action among federal agencies, regional governments, exporters, and farmers. "This momentum positions us to reach and possibly exceed our 3-billion-dollar target," said Adugna, citing the expansion of Ethiopian coffee’s international reach from 60 to 84 countries as proof that strategic investments in logistics and marketing are paying off. Deputy Director and Trade Head Shafi Oumer underscored the importance of quality control and branding, particularly in high-value European markets. He stressed that scientifically verified, traceable coffee could secure stronger returns and boost competitiveness. Deputy Director for Development, Tagay Nuru, pointed to the growing yield of rejuvenated coffee trees, while Strategic Affairs Head Bonsaa Merga noted that last year's combined export revenue from coffee, tea, and spices surpassed previous benchmarks by over one billion dollars. Authority officials are doubling down on federal-regional coordination to meet the ambitious targets. Adugna called for enhanced compliance, traceability, and quality standards to further elevate Ethiopia’s standing in the international market.


Radar

Federal Prosecutors Accuse Public Officials, Contractors of Corruption, Alleged Illicit Fund Transfers

Federal prosecutors have filed corruption and money laundering charges against 11 defendants, including Nigstu Bogale, Coordinator of the Development Project for Response to the Impact of Refugees in the Horn of Africa at the Ministry of Agriculture, Biniyam Fantaye and Taye Habte, senior irrigation engineers involved in the Development Response to Displacement Impacts Project (DRDIP-II), as well as private individuals and construction company representatives. The case alleges losses and illicit...


Radar

EIH Transitions to New Headquarters as It Oversees Major State-Owned Enterprises

Ethiopian Investment Holdings (EIH) is relocating its headquarters from its current site on General Wingate Street. The former headquarters was located behind the Ministry of Industry and near Abrehot Library. The new office is expected to be on Mozambique Street, along the route from Mexico Square to Bulgaria Road. The building belongs to one of EIH's subsidiaries, and all departments are set to move there as interior design and finishing works continue. Under the leadership of Brook Taye...


Radar

Import Substitution Push Lifts Domestic Manufacturing, Industrial Recovery

A push for import substitution and industrial expansion has prioritised 96 strategic products for local manufacturing. The “Ethiopia Tamirt” initiative reports 4.85 billion dollars in savings, supported by trade fairs linking local producers to domestic and international markets. On average, 700 new projects enter the market annually, contributing to more than 2,800 investments over four years. At the grassroots level, 18,000 SMEs have been established, while 993 dormant factories have...