Tripartite Sign Deals to Expand Soybean Value Chain


Tripartite Sign Deals to Expand Soybean Value Chain

Ethiopian Trading & Business Corporation (ETBC), Soy Afric Ltd., and Kazana Group have signed a memorandum of understanding (MoU) to improve soybean production, processing, and export from Ethiopia. The three partners are actively involved in agriculture and soybean production. The Corporation is known for its work with smallholder farmers, while Soy Afric Ltd has been producing soybeans for a decade, and Kazana Group brings expertise in investment capital. The MoU is intended to strengthen the soybean value chain, helping farmers get their products to market and enabling them to gain more value from their production. The agreement, announced in a joint statement last week, is expected to support smallholder farmers, contribute to food security, create jobs, and promote rural development. The organisations have noted their plan to introduce resilience and innovation at every stage of the soybean value chain.

[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...