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Ministry Reports Export Earnings Jump, Driven by Gold, Coffee Gains


Ministry Reports Export Earnings Jump, Driven by Gold, Coffee Gains

The Minister of Planning & Development, Fitsum Assefa (PhD), reported to the Council of Ministers that the country’s export sector earned 7.7 billion dollars in nine months, bringing the country close to its annual target of 9.39 billion dollars. Eight years ago, total export earnings stood at 2.84 billion dollars. By July 2025, that figure had risen to 8.35 billion dollars. Mining led the performance, with gold exports generating more than four billion dollars in nine months 155pc of the target and an 87pc jump from the previous year. Coffee remained a strong performer, earning 1.924 billion dollars, reaching 99pc of its target and growing 28pc year-on-year. Electricity exports brought in 351 million dollars, exceeding the target by 10pc and rising 53pc compared to last year. Not all sectors followed the upward trend. Flower exports earned 351 million dollars, meeting only 65pc of the target and declining 14pc year-on-year. Pulse exports generated 214 million dollars, achieving 88pc of the target but slipping 6pc from last year’s performance.

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Radar

Federal Prosecutors Accuse Public Officials, Contractors of Corruption, Alleged Illicit Fund Transfers

Federal prosecutors have filed corruption and money laundering charges against 11 defendants, including Nigstu Bogale, Coordinator of the Development Project for Response to the Impact of Refugees in the Horn of Africa at the Ministry of Agriculture, Biniyam Fantaye and Taye Habte, senior irrigation engineers involved in the Development Response to Displacement Impacts Project (DRDIP-II), as well as private individuals and construction company representatives. The case alleges losses and illicit...


Radar

EIH Transitions to New Headquarters as It Oversees Major State-Owned Enterprises

Ethiopian Investment Holdings (EIH) is relocating its headquarters from its current site on General Wingate Street. The former headquarters was located behind the Ministry of Industry and near Abrehot Library. The new office is expected to be on Mozambique Street, along the route from Mexico Square to Bulgaria Road. The building belongs to one of EIH's subsidiaries, and all departments are set to move there as interior design and finishing works continue. Under the leadership of Brook Taye...


Radar

Import Substitution Push Lifts Domestic Manufacturing, Industrial Recovery

A push for import substitution and industrial expansion has prioritised 96 strategic products for local manufacturing. The “Ethiopia Tamirt” initiative reports 4.85 billion dollars in savings, supported by trade fairs linking local producers to domestic and international markets. On average, 700 new projects enter the market annually, contributing to more than 2,800 investments over four years. At the grassroots level, 18,000 SMEs have been established, while 993 dormant factories have...