Tag: Export

The minerals export sector which was one of the main foreign currency earners until recently is deteriorating further.

Ethiopia will become a shareholder of the Port of Berbera following the signing of an agreement with DP World and the Somaliland Port Authority in Dubai on Thursday.

Maintaining declining trends of performances, in the first half of Ethiopian fiscal year (EFY), the commodity exports fetched USD 1.35 billion missing its target revenue of USD 2.24 billion for the period.

As Ethiopia’s coffee export grows to the tune of over USD one billion, according to the Ethiopian Coffee and Tea Development and Marketing Authority, Ethiopian coffees have once again dominated the Good Food Awards this year as the world’s best coffee. All the coffees named as such hail from Ethiopia.

Having secured a record revenue of USD 882 million last Ethiopian fiscal year, revenue generated from the export of coffee during the first six months of the current fiscal year has regressed to only USD 382 million, USD 54 million shy of the target set – USD 436 million.