Hundreds of Khat Exporters See Licenses Revoked

May 28 , 2022


[ssba-buttons]

Officials at the Ministry of Trade & Regional Integration have revoked the licenses of 830 khat exporters. They claim they took the measure following an assessment that uncovered illicit trading activity. Khat cultivation and distribution have increased rapidly despite official reluctance to promote marketing and consumption. Over the past decade, annual harvests increased three-fold, registering a little more than three million quintals last year. The cash crop has been one of the top-five revenue-generating export commodities since the early 2000s. Earnings from khat exports accounted for 11pc (402.5 million dollars) of the total 3.6 billion dollars generated last year, representing 24pc higher than khat export revenues recorded in the previous year Close to a quarter of khat produced last year was exported to major markets such as Djibouti and Somalia. Consumers in these countries bought 710,000qtl of khat last year, close to 80pc going to the latter. Last month, officials at the Trade Ministry doubled the price threshold for khat exports to Somalia to 10 dollars for a kilo.


Radar

Fresh Push to Help Farmers Get Covered & Cash In

The Ministry of Agriculture has established the Rural Finance Service Unit (RFSU) to coordinate and expand agricultural insurance nationwide. Announced on Tuesday at the 2025 UNDP Financial Resilience in Agriculture Community of Practice forum (held at the UN Economic Commission for Africa headquarters), the RFSU is supported by UNDP, JICA, and other partners with funding from the Bill & Melinda Gates Foundation. Agriculture Minister Girma Amente (PhD) and State Minister Sofia Kassa attended...


Radar

Mission 300 Gains Momentum as Ethiopia Charts Path to Energy Equity

The Government has developed a National Energy Compact with the goal of achieving universal electricity access by 2030. The strategy, led by the Ministry of Water & Energy (MoWE), outlines Ethiopia's commitment to reaching 100pc energy access for its population within the next five years. According to State Minister for Energy Development Sector Sultan Woli, the compact was prepared in collaboration with key development partners, including the World Bank Group and the African Development...


Radar

Rammis Bank Commences Mobile Application, Card Banking Services

Rammis Bank has launched its mobile banking application and card services as part of its digital expansion drive. The "Rammis Mobile App" was officially introduced during a launch event held on Saturday at the Grand Eliana Hotel. The app allows users to transfer funds at any time, pay bills, top up mobile airtime, and send money to telebirr wallets for themselves or others. The newly introduced card service enables customers to withdraw cash from any ATM and make payments via Point of Sale (P...