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Local Coffee Exporter Partners with American Firm

Apr 17 , 2021

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A family-owned business with an average annual coffee export volume of around 2,500tn, is now a country representative for GrainPro Africa, a subsidiary of US-based GrainPro Inc, after the two signed a partnership agreement last week. Nardos Coffee Export will be the official and sole distributor of GrainPro's hermetic packaging products in Ethiopia. Hermetic packaging products are plastic airtight and waterproof bags used to protect and preserve agricultural products during storage and shipping. The partnership with GrainPro, founded in 1992 in Concord, Massachusetts, aims to address challenges faced by smallholder farmers in post-harvest storage and exporters of the coffee beans during shipping.

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New Directive Hikes Service Fees for Foreign Investors in Free Trade Zones

The Ethiopian Investment Board has issued a new directive revising the service fees from foreign investors payable in dollars to the Ethiopian Investment Commission (EIC), introducing updated rates for both the One Stop Shop and designated Free Trade Zones. The revised directive came into effect this April following its publication on the websites of the Ministry of Justice and the EIC. Issued pursuant to Article 23 of the Special Economic Zone Proclamation, the directive outlines charges for...

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City Tables 350B Br Budget Plan for Upcoming Fiscal Year

The City Administration has approved a resolution to submit a proposed budget of 350 billion Br for the 2025/26 fiscal year to the City Council for deliberation. According to the Administration's statement on its official social media page, the draft budget is designed with a central focus on poverty reduction, encompassing targeted subsidies for sustainable development, investment in large-scale job-creating projects, and enhanced service delivery to address the growing demands of the reside...

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Ethiopia, UN Launch Joint Plan to Drive Development Through 2030

The Ethiopian government and the United Nations (UN) have signed a five-year development plan outlining national priorities from 2025 to 2030. Signed on June 20 at the Ministry of Finance, the United Nations Sustainable Development Cooperation Framework (UNSDCF) with implications that it aligns with Ethiopia's reform goals and the Sustainable Development Agenda. The plan is backed by a projected 6.5 billion dollars, though only 1.5 billion dollars is currently secured. It focuses on closing t...

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