FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds



Direct Exports Fall Short of Target as Export Growth Shows Uneven Performance


Direct Exports Fall Short of Target as Export Growth Shows Uneven Performance

The Ministry of Trade & Regional Integration (MoTRI) has reported that export performance fell short in key areas during the first eight months the fiscal year, despite overall revenue reaching 6.76 billion dollars. Direct export products were the main underperforming segment, generating 527.9 million dollars against a target of 606.8 million dollars, achieving 87pc of the goal. While the total export revenue exceeded the 5.83 billion dollar target, sectoral results showed uneven performance. Agriculture recorded 90.53pc of its target, and manufacturing stood at 87.68pc, reflecting persistent gaps in output and value addition. Mining outperformed expectations at 149.44pc, and electricity and related sectors reached 112.35pc, masking weaker results in other areas.

[ssba-buttons]

Radar

Freight Forwarders Earn FIATA Diplomas as Sector Eyes Global Stage

The Ethiopian Freight Forwarders & Shipping Agents Association (EFFSAA) has graduated a new cohort of professionals from the internationally recognised FIATA Diploma Programme, bolstering efforts to strengthen Ethiopia's logistics and freight forwarding sector. EFFSAA President Dawit Wubshet (PhD) said the association has trained more than 495 professionals since launching the programme. He noted that EFFSAA is working with international partners to expand digital learning and introduce o...


Radar

Parliament Backs Italian, French Loans for Reform, Infrastructure

Parliament has ratified two loan agreements worth a combined 124.6 million euros with the governments of Italy and France, approving both proclamations unanimously during its second emergency session of the fifth parliamentary term. The larger agreement secures a 70 million euro loan from Italy to provide direct budget support for the government's economic reform agenda. The concessional financing carries a 30-year repayment period, including a 16-year grace period, with no interest or servic...


Radar

Ethio Re Seeks Capital Reset for Regional Expansion

Ethiopian Re-insurance Share Company (Ethio Re) is seeking a strategic capital adjustment to support its next growth phase as it marks a decade of operations. CEO Netsanet Lemessa said the company's capital has quadrupled over the past ten years but has declined in foreign currency value. Established in 2016 as the country's first indigenous reinsurer, Ethio Re has retained more than 90 million dollars in foreign exchange for the economy. Its assets have grown from 82 million Br to 5.3 billio...