Sesame Overpowers Coffee Transactions

Jan 11 , 2020


[ssba-buttons]

Sesame leapt above coffee transactions last month on the floor of the Ethiopia Commodity Exchange (ECX), which transacted a total of 101,948tn of agricultural commodities worth more than 5.1 billion Br during the period. Sesame took the lion’s share by contributing 52,598tn, while coffee and white pea beans followed at 30,416tn and 8,565tn, respectively. Sesame transactions have shown an increase of 34pc in volume and 26pc in value compared to the same period last year. Compared to the preceding month, it has shown an increase of 76pc in volume and 85pc in value. The 52,598tn of sesame transacted in the reported period generated more than 2.2 billion Br. Out of this amount, 90pc of the volume and the value was generated from Humera. Similarly, coffee generated 2.5 billion Br from transaction volumes of 30,416tn. Out of this, coffee for the foreign market has registered 59pc in volume and 58pc in value followed by specialty coffee and coffee for local conception, respectively.


Radar

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...


Radar

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...


Radar

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...