Standard Institute Adds Moringa Plant to its Fold


Standard Institute Adds Moringa Plant to its Fold

Quality standards were given to the Moringa tea and powder by the Ethiopian Standards Institute (IES) considering its significance on rural livelihoods. Yilma Mengistu, development director, suggested that granting standards will go a long way in promoting the value chain of Moringa, which is one of the least traded edible items despite joining in a diet of several communities across the country. She highlighted the nutritional and health benefits of moringa and its potential to be a valid source of income for rural households. State Minister for Trade & Regional Integration Endale Mekonen suggested that the commercial appeal would be significantly increased through quality standards during the workshop at the Institute's headquarters near Gerji Mebrat Hail, revealing that up to 60pc of moringa was being lost in the post-harvest process. Stakeholders from the supply chain attended the workshop. Aurelia Clabro, director of UNIDO Regional Hub, outlined an ongoing four million euro project in the Southern Regional State, targeting women to power through the sale of Moringa.

[ssba-buttons]

Radar

Amendment Expands Access for Foreign Traders

Foreign participation in Ethiopia's wholesale, retail, import, and export trade sectors has come under renewed focus as the Ethiopian Investment Board(EIB) approved a significant amendment to Directive No. 1001/2016  in its meeting on May 23, 2025. The amendment, proposed by the Ethiopian Investment Commission(EIC), focuses on refining the legal framework governing foreign investment in these sectors. The decision is part of a broader strategy to enhance the country's appeal as an investment...


Radar

NBE Sets Four Percent Ceiling on Foreign Exchange Fees

The National Bank of Ethiopia (NBE) issued a new foreign exchange market directive on May 20, 2025, that caps commercial banks' forex service fees at a maximum of four percent. Banks are instructed to adapt competitive, transparent, and streamlined pricing for all forex-related services. Effective May 26, 2025, total charges for purchasing foreign exchange whether for imports, service payments, or cash note purchases must not exceed the newly set limit. The directive also prohibits banks f...


Radar

SantimPay Launches Zero-fee Digital Remittance Platform

SantimPay has rolled out FrankRemit, first fully integrated, zero-fee digital remittance platform, in partnership with Bank of Abyssinia(BOA). The service smoothly connects all commercial banks and major mobile money providers, including Telebirr, M-Pesa, and CBE Birr which is a first of its kind in the country. FrankRemit is expected to revolutionise how the Ethiopian diaspora sends money home. Developed locally and tested over the past two weeks with successful transfers from multiple count...