An artisanal miner prospecting for gold in the Adawro River, Tigray region (Photo: The Reporter) Addis Abeba – In the last fiscal year, Ethiopia’s export revenues reached $8.3 billion, well above both the planned target of $5.1 billion and the previous year’s $3.8 billion. Traditionally, key commodities like coffee and flowers have shaped Ethiopia’s foreign exchange …

An artisanal miner prospecting for gold in the Adawro River, Tigray region (Photo: The Reporter) Addis Abeba – In the last fiscal year, Ethiopia’s export revenues reached $8.3 billion, well above both the planned target of $5.1 billion and the previous year’s $3.8 billion. Traditionally, key commodities like coffee and flowers have shaped Ethiopia’s foreign exchange …

(Photo: FMC) Addis Abeba – The Ethiopian Coffee and Tea Authority has reported that the country generated $797 million from the export of 178,000 metric tons of coffee during the first five months of the current fiscal year. This represents a 72% increase in export volume and a 55% rise in revenue compared to the same period …

(Photo: FMC) Addis Abeba – The Ethiopian Coffee and Tea Authority has reported that the country generated $797 million from the export of 178,000 metric tons of coffee during the first five months of the current fiscal year. This represents a 72% increase in export volume and a 55% rise in revenue compared to the same period …

Mamo Mihretu, Governor of the National Bank of Ethiopia (Photo: ENA) Addis Abeba – The National Bank of Ethiopia (NBE) has revised its foreign currency retention policy, granting exporters increased flexibility in the use of their hard currency earnings. Effective today, 14 November, 2024, the updated policy permits exporters to retain 50% of the foreign currency they …

Mamo Mihretu, Governor of the National Bank of Ethiopia (Photo: ENA) Addis Abeba – The National Bank of Ethiopia (NBE) has revised its foreign currency retention policy, granting exporters increased flexibility in the use of their hard currency earnings. Effective today, 14 November, 2024, the updated policy permits exporters to retain 50% of the foreign currency they …

Ethiopia - Agriculture, Coffee, Trade: Under Haile Selassie I (reigned 1930–74), Ethiopia’s economy enjoyed a modicum of free enterprise. The production and export of cash crops such as coffee were advanced, and import-substituting manufactures such as textiles and footwear were established. Especially after World War II, tourism, banking, insurance, and transport began to contribute more to the national economy. The communist Derg regime, which ruled from 1974 to 1991, nationalized all means of production, including land, housing, farms, and industry. Faced with uncertainties on their land rights, the smallholding subsistence farmers who form the backbone of Ethiopian agriculture became reluctant to risk producing surplus foods

[Ethiopian Herald] Ethiopia, with over 120 million people, boasts bountiful natural resources and is strategically located in terms of export and import trade, putting itself atop the list of sought-after investment destinations. The Red Sea and Indian Ocean are not that distant from Ethiopia. This economically emerging nation is also bolstering its infrastructural development, bringing gigantic hydropower dams, industrial parks, and entrepreneur-friendly policies into play.

The EU accounted for 34.5% of all merchandise exports from Ethiopia in the second quarter of 2023/2024, with coffee contributing nearly a third of the total outflow.

The new EU deforestation policy poses substantial challenges for the more than six million farmers in Ethiopia who are engaged in coffee cultivation nationwide, as well as for the over ten million individuals involved in the expansive coffee supply chain, encompassing farmers, intermediaries, exporters, and end consumers (Photo: The Reporter) Addis Abeba – A recent study …