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.

[ssba-buttons]

Radar

NBE Expands Diaspora Warning Over Unlicensed Remittance Firms

The National Bank of Ethiopia (NBE) has issued an expanded public warning targeting unlicensed remittance operators abroad, flagging four U.S.-based companies it says are undermining Ethiopia's financial regulations. The warning includes newly disclosed findings and specific cases that underscore growing concerns about illicit cross-border financial activity. Remittance flows remain a vital lifeline for Ethiopia's economy, supporting households and supplying critical foreign currency. But as...


Radar

Stricter Standards Unveiled for Public Auditors, Accounting Firms

The Accounting & Auditing Board of Ethiopia (AABE) has issued a new directive aimed at strengthening oversight and professional standards in the accounting and auditing sector. Grounded in the Financial Reporting Proclamation, the directive addresses long-standing regulatory gaps while preparing the sector for the country's emerging capital market. Key provisions introduce stricter licensing standards for public auditors, professionals permitted to audit public interest entities. Applican...


Radar

Export Recovery Gains Ground, Industry Still Lags Potential

The Ministry of Industry (MoI) has reported a modest rebound in Ethiopia's manufacturing exports, with revenues climbing eight percent in the 2025 fiscal year to reach 318 million dollars. Minister Melaku Alebel attributed the growth to a gradual sectoral recovery but acknowledged the figures remain well below the country's industrial potential. Speaking at a forum held with 60 top-performing manufacturers, Melaku said the ministry is working to unlock bottlenecks and improve coordination. Th...