According to the IMF, Ethiopia was one of the fastest growing economies in the world, registering over 10% economic growth from 2004 through 2009. It was the fastest-growing non-oil-dependent African economy in the years 2007 and 2008. Growth has decelerated moderately in 2012 to 7% and is projected to be 6.5% in the future – reflecting weaker external demand and an increasingly constrained environment for private sector activity.
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Published on February 20, 2017
A regional grain body and a US aid agency are working with millers and traders to import cheap maize from Ethiopia to ease the current shortage of the commodity that has hit the country.
East African Grain Council (EAGC) and the USAID trade hub want to link Kenyan buyers to Ethiopian sellers to import the grain into the country.
Last week, EAGC executive director Gerald Masila was in Ethiopia to discuss the trade deal while the Ethiopian delegation will be in the country this week for negotiation with millers. Ethiopia has a surplus of 1.5 million bags that they are willing to sell to Kenya. Read more. Source | Business Daily
Published on January 20, 2017
Ethiopia is working to become second coffee exporting country. Ethiopia has set a goal of securing 940 million USD exporting 241,000 tonnes of coffee this year.
In a recent briefing, Ethiopian Coffee and Tea Development and Marketing Authority Director General Sani Redi said modernizing coffee value chain, employing IT assisted export control system and improving Ethiopian Commodity Exchange (ECX) capacity are fundamental tasks being carried out to hit the target.
According to him, the Authority is expecting 702,000 tones of coffee production this year. "Increased attention has been given to the promotion of separate brands of Ethiopian coffee," he added. Read more. Source | Ethiopian Herald
Published on January 19, 2017
The Ministry of Industry announced that the construction of four agro- industrial parks projects would be launched soon in Tigray, Amhara, Oromia and SNNP States.
Speaking at stakeholders' consultative meeting on the implementation and resource mobilization for agro-industrial parks expansion project here Friday, Integrated Agro- Industrial Parks Project Marketing and Economic Analyst Moges Mesfin said the project is part of the national vision to become light manufacturing hub in Africa.
The agro-industrial parks would be feasible owing to the commitment of the government, financial institutions readiness and the country's successive economic growth. State Minister Dr. Mebrahtu Meles said the country is constructing industrial parks to promote investment and tap its economic potential. Read more. Source | Ethiopian Herald
Published on January 19, 2017
The 15th African Fine Coffee Association annual conference and exhibition to be held here from February 15-17, 2017.
Briefing journalists in connection with the event, Trade State Minister Ayana Zewdie said Ethiopia has made remarkable progress in the sector. "We host the conference due to this progress and the credibility we build hosting such events effectively."
Ethiopia is working targeting 302,560 tones of coffee export to generate 2.174 billion USD by the end of GTP II, he said, adding this year alone Ethiopia has set to export 244,000 tones of coffee which would generate the highest income in history. Read more. Source | Ethiopian Herald
Published on January 18, 2017
Seizing AGOA Opportunities in East Africa is a production of the USAID East Africa Trade and Investment Hub (The Hub). It highlights the work of the Hub’s Component 3 – Trade Promotion and AGOA, and briefly describes the legislation AGOA.
The trifold also outlines the general steps to follow when exporting to the U.S. under AGOA, and provide information on how to engage with the Hub on issues of trade promotion and AGOA.
Published on January 09, 2017
Small holder farmers can reduce post-harvest losses and improve income by adopting better storage management practices and technologies. According to Food and Agriculture Organisations (FAO) about one third of the food produced globally is lost or wasted representing a loss of 1.3 billion tonnes of food per year.
In Tanzania, results from different research studies demonstrate that farmers lose up to 40 per cent of the harvest through post-harvest losses. It is from this backdrop that the Inter Region Economic Network (IREN) moved up to organise Post-harvest technology congress next year to address and reduce the level of loss that account for more than 30 per cent of the food produced for human consumption.
IREN’s Chief Executive Officer Mr James Shikwati said,
This competition will enable us to identify a range of technologies that have the potential to help the continent confront and counter the huge challenges in postharvest management.
IREN is coordinating the congress in partnership with the USAID East Africa Trade and Investment Hub and Syngenta. Read more. Source | Daily News
Published on December 16, 2016
The 1st Annual East Africa Finance Summit underlined the need for catching up with financial technologies (fin-tech) application to improve the sector.
Themed: 'Building Competitive, Cooperative and Innovative Financial Sector in East Africa: Emphasis on Ethiopia' , the first ever regional financial summit was opened here yesterday.
Opening the summit, Public Finance Enterprise Agency Director-General Dr. Sintayehu Woldemichael emphasized that the summit enhance financial institutions in the region and respective policy makers to learn from others' achievements, challenges and success stories as well as find ways for working together. Read more. Source | Ethiopian Herald
Published on November 29, 2016
Global Value Chains, Industrial Policy, and Sustainable Development – Ethiopia’s Apparel Export Sector is a publication of the International Centre for Trade and Sustainable Development (ICTSD). The publication assesses the achievements and challenges manifested in growing the Ethiopian apparel sector.
It also evaluates the Government’s active industrial policy strategy to develop the sector, and its implications for industrial and sustainable development.
It is a useful resource for empowering least developed countries, and low income countries to effectively utilize value chains to achieve sustainable and inclusive economic transformation.