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Mojo Dry Port Poised to Boost Export Farmers with 50 Million Dollars Investment


Mojo Dry Port Poised to Boost Export Farmers with 50 Million Dollars Investment

Mojo Dry Port plans a 50 million dollars project expected to offer potential benefits for farmers producing avocados, flowers, and vegetables. Ethiopian State Minister of Finance Semereta Sewasew and Dutch Ambassador Christine Pirenne visited the site to assess progress on an initiative expected to reshape the export of local agricultural goods. For many small-scale farmers, delays in transport mean lost income as fresh produce spoils before it reaches buyers. The new port is expected to change that with its modern cold storage facilities and streamlined logistics. By reducing post-harvest losses and export costs, especially compared to expensive air freight, farmers outlook to gain better prices and more unwavering incomes. Half-funded by Ethiopia and supported by the Netherlands, Christine emphasised its potential to attract more investors and empower the agro-processing sector. Despite challenges remaining in customs and policy coordination; the joint tour indicates determination from both sides.

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Creditors Open Way for Ethiopia's Eurobond Restructuring

Ethiopia has cleared a key hurdle in restructuring its one billion dollar Eurobond after the Official Creditor Committee (OCC) approved the latest agreement with private bondholders. The OCC said the deal meets its “comparability of treatment” principle, allowing the government to proceed with restructuring the bond, which matured in 2024. The approval follows renewed negotiations after official creditors rejected an earlier agreement reached in January. Under the new agreement, reache...


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University Cutoff Leaves Most Exam Takers Behind

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Dairy Drive Turns to Farmers to Cut Import Reliance

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