Local Coffee Exporter Partners with American Firm

Apr 17 , 2021

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.


E-Consultation Portal Launched to Boost Stakeholder Engagement

An e-consultation manual and portal designed to enhance stakeholder engagement in the drafting of laws before their final ratification stage was launched last week. Developed by the Business Environment & Investment Climate (BEIC) project team, the platform operates under the oversight of the Justice and Technology ministries. It aims to improve transparency, efficiency, awareness, and effectiveness throughout the law formulation and enactment process. According to Belayhun Yirga, stat...


Trade Ministry Changes Guard

Prime Minister Abiy Ahmed (PhD) made a series of appointments last week, assigning Kassahun Goffe (PhD) as the new Minister of Trade & Regional Integration. Kassahun, who previously served as the State Minister, succeeds Gebremeskel Chala, who navigated the country through various trade reforms. The appointment comes amidst an export slump, as Ethiopia has faced major economic and political headwinds over the past few years. The Ministry reported a shortfall of 863 million dollars from it...


Ahadu Bank Savours First Taste of Profits

Ahadu Bank registered a 175 million Br gross profits in the ended year, turning around its financial performance. The two-year-old Bank established with 503 million Br in paid-up capital mobilised from 9,600 shareholders has also managed to double the figure to 1.03 billion Br. Ahadu's total assets have also nearly doubled to 6.3 billion Br, while its operating income soared to 1.15 billion Br from financial services for nearly 700,000 customers. It also expanded its branch reach across the c...