US Donates $17.8m worth of wheat

Aug 31 , 2019

The United States Department of Agriculture announced that it is donating 17.8 million dollars worth of wheat to Techno Serve Ethiopia, a non profit organisation, on August 29, 2019. Technoserve will use funds generated from the sale of this wheat to support Ethiopia’s coffee sector by increasing productivity and expanding the coffee trade. TechnoServe is an international non-profit based in Washington, DC that promotes business solutions to poverty in the developing world by linking people to information, capital and markets. Since 2009, TechnoServe has been working to address lack of coordination, information and access to markets, with a focus on supporting smallholder coffee farmers. Coffee is the most important foreign currency earner for Ethiopia. The United States was the fourth-largest buyer of Ethiopian coffee, accounting for nearly 11pc of total Ethiopian coffee exports by volume valued at 142.1 million dollars in 2017/18. Ethiopia has more than 400 coffee exporters, 395 coffee farmers who directly export coffee and over 30 import-export companies who export coffee and use the foreign currency to import other materials like vehicles and construction inputs.


Geda Special Economic Zone Receives Prospective Tenants

East African Holding and Ethio-Chicken have been shortlisted to invest in the Geda Special Economic Zone(GSEZ), located in the tri-state area shared by Mojo, Adama, and Shashemene cities within the Oromia Regional State. The two companies were selected from 120 investors who showed interest in acquiring space in one of the largest SEZs in Africa. Close to 404hct of land has already been developed in the expansive economic zone, out of a potential 24,000 hectares, with lease prices set between...


Standard Institute Revamps Fees, Board Restructuring

The Ethiopian Standards Institute (ESI) is set to introduce fees for standards sticker, establish a new governing board, and address collaboration with other regulatory bodies. The Institute plans to strengthen its financial standing by charging fees for standards and product certification services to support its operations and annual budget. A key change involves replacing the current Council of Standards with an 11-member Board of Directors. The Minister of Trade & Regional Integration...


Safaricom Ethiopia Rolls Out its Network to Tigray

With 125 self-built towers, Safaricom Ethiopia has launched its operations in the Tigray Regional State. Executives disclosed plans to invest in an additional 166 towers and expand their reach to the remaining towns. "This is the most exciting milestone in Tigray since the return of social services," said Getachew Reda, president of the Interim Regional State Administration. In July 2021, the consortium-backed telecom giant entered Ethiopia's market, historically dominated by state-owned E...