Trade Ministry Targets Five Billion Dollar Export Revenue


The Ministry of Trade & Regional Integration has laid out a target of five billion dollars in export revenue for the coming new year in a bid to reel back the lacklustre performance of the ending budget year. Urgessa Baysa, head of Strategic Affairs at the Ministry, indicated that shifts in the management structure, stronger domestic trade linkages and export promotion will help meet the lofty target, which is 1.8 billion dollars higher than the amount attained this year. A sharp decline in the global price of coffee was indicated as the primary culprit by the Ministry's officials as they presented their 11-month report in June, while the flagship commodity still contributed 53pc of the 3.2 billion dollar amount. The price of coffee has been on a worldwide market dive, with a 43pc drop occurring within the past month as Brazil rebounds from a supply slump caused by climate hazards. Coffee exporters have expressed anxiety over the sudden dip in prices, with the Ethiopian Coffee Exporters Association dispatching a letter imploring its members to dispose of their inventory as quickly as possible.


Radar

Mobile Apps Streamline Container Handling

A Chinese private logistics company availed its multilingual mobile applications designed to streamline container handling processes for local businesses. Dubbed arl-shipping.com, the apps are available in Amharic, Oromo, Somali, and Tigrigna, with a competitive monthly fee. Company managements aim to tackle inefficiencies by scanning truck license plates, container IDs, and other details, reducing manual data entry and the potential for errors. Users can also record gate movements with times...


Radar

Private Investment Takes Flight in Aviation Industry

Local private operators received the green light last week to expand their services beyond charter flights, offering regular passenger and cargo options. This move by the Ethiopian Civil Aviation Authority is expected to boost the air transport sector, attracting private companies to invest in air travel services. The Authority is partnering with private investors to improve air transport infrastructure by building over 21 new airstrips and helipads in previously underserved areas. Officials...


Radar

Safaricom Ramps Up Network Expansion with Locally Made Poles

Safaricom Ethiopia has initiated a three-month procurement process to acquire a total of 68 poles from Woda Metal, the first telecom pole manufacturer in the country. The initial batch of 13 poles was delivered last week, marking a milestone as the first use of domestically produced poles in Ethiopia's telecom sector. Wim Vanhellputte, CEO of Safaricom Ethiopia, praised the high quality and affordability of Woda Metal's poles, which will be crucial for their network expansion goals. The co...


Back
WhatsApp
Telegram
Email