staff writer

Ethiopia earned over $519 million from coffee exports in the first three months of the 2024/25 fiscal year, marking not just a strong start but a historic high, the Ethiopian Coffee and Tea Authority said on Monday. The Authority announced that more than 115,851 tonnes of coffee, tea and spices were shipped overseas between July-September […]

Facing spreads far wider than regional peers, the National Bank of Ethiopia set a two percent ceiling on banks’ foreign-exchange trading margins and mandated separate fee disclosure in new rules. Data shows average selling-buying spreads charged by Ethiopian banks reached around 10 percent recently, according to central bank figures. That vastly exceeds margins seen in

The European Commission has proposed postponing its landmark anti-deforestation law, the EU Deforestation Regulation (EUDR), by one year. The EUDR bans forest-risk commodity imports like cocoa, soya, palm oil and coffee linked to deforestation in the EU market. Under the rules, companies must trace products back to origin plots and prove compliance with laws in

Ethiopia Aims for $5B Each in Export and FDI Under Reform Agenda Reforms Seek 1.5 Trillion Birr Revenue and 4 Million New Jobs President Taye Atske Selassie on Monday outlined Ethiopia’s plans for sweeping economic reforms and ambitious growth targets, seeking to address lingering challenges around inflation and trade imbalances. Addressing the opening of parliament,

Ethiopia’s central bank governor has praised the “very positive start” of recent currency reforms, as the bank announced plans to inject 175 million dollars to support vital fuel imports. “Ethiopia’s foreign exchange reform has shown a very positive start in just a short period of two months, with a significant drop in the parallel market