It's Ethiopian Coffee Harvest Time!
The heart of Ethiopia is beating stronger than ever as coffee farmers are harvesting the world’s finest beans! 🌍☕ From the lush highlands to the rich soils of Guji, Sidama, Yirgacheffe, Djimma, Harrar, and beyond, it's that magical time when the trees are full of ripe, red coffee cherries ready to be picked with care.
ECX, Coffee Authority brews new pricing system following exchange rate float
The Ethiopian Commodity Exchange (ECX) has introduced a new pricing mechanism for coffee sold on its trading floor, but exporters say the changes do not reflect the high prices erasing their margins in the domestic market.
Industrial parks ordered to begin transition into Special Economic Zones
The management teams of the country’s industrial parks have been given short notice to transition into Special Economic Zones following the federal government’s policy change.
Central bank adjusts gold purchase price, again
The central bank has done away entirely with incentives it had previously introduced in an effort to salvage rapidly declining gold supply.
Central bank revamps monetary policy
Governor Mamo Mihretu has announced a rework of the National Bank of Ethiopia’s (NBE) monetary policy, shifting from the regulator’s long held intervention-based regime to one guided by a policy interest rate.
Oromia to unveil ETB 1.2 billion khat trading centers in coming weeks.
The Oromia Trade Bureau has finalized the construction of three khat trade centers with a price tag of 400 million birr apiece. Regional trade officials expect the facilities to start operations in the coming month, and all farmers, suppliers, and exporters of the stimulant leaf will be obliged to conduct transactions using the trade centers.
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