by AllureAdmin | Jan 20, 2022 | Business
Ethiopia initially planned to earn about 405 million USD from coffee exports in the last six months. However, the country received its highest-ever revenue of 578 million USD, a 60% increase from 2021, 274 million USD. This is due to the gap created between coffee...
by AllureAdmin | Jan 17, 2022 | Other
The National Bank of Ethiopia (NBE) implements a new 70-20-12 rule for foreign currency management to reduce the amount of foreign currency available to banks and exporters. The percentage of earnings to be surrendered to private banks is 10%, with the bank paying the...
by AllureAdmin | Jan 6, 2022 | Business
YBM is a new private avocado oil processing company located in the Southern region of Ethiopia. Sunvado avocado oil factory, also located in the Yirgalem Integrated Agro-Industrial Park, is the first avocado oil processing company and has been exporting its products...
by AllureAdmin | Nov 30, 2021 | Business
The African Export-Import Bank (Afreximbank) has pledged US$500 million to support Ethiopian commercial banks through the Afreximbank Trade Facilitation (AfTRAF) Program, which includes a variety of products aimed at increasing intra-extra African trade volumes,...
by AllureAdmin | Nov 29, 2021 | Business
Sudan & Djibouti are frequent customers of Ethiopian Electric Power, It is stated that $90million in revenue was gained by the nation from the two countries alone. Ethiopia exported 263.7 million MW of electricity to Sudan and earned $13.18 million while the 159.6...
