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Ethiopia: Coffee Export Reaches Half a Billion Within Four Months

Ethiopian Coffee and Tea Authority announced that Ethiopia was able to collect USD 526 million from coffee export during the first four months of the 2021/2022 fiscal year. The revenue surpasses last year’s gain from coffee during the same period by USD 126 million. According to the Authority, Germany is the largest importer of Ethiopian coffee followed by the United States and Saudi Arabia.

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Ethiopia: National ID to be Linked with Tax Identification Number

National ID MoRThe Ministry of Revenues (MoR) and National ID Program reached a deal to link tax identification numbers with national IDs. During the signing ceremony, Aynalem Nigussie, Minister of Ministry of Revenue, stated that the agreement would enable her office to save the foreign exchange that it used to purchase systems for the issuance of tax identification numbers. According to the Minister, the agreement would also help in facilitating the tax identification issuance process at the Ministry.

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ESLSE and AD Ports Group Agree to Collaborate in Various Areas

ESLSE AD Ports GroupThe Ethiopian Shipping and Logistics Services Enterprises (ESLSE) and AD Ports Group, an Abu Dhabi based company which provides transportation and logistics services, reached an agreement to sign a memorandum of understanding to work together in shipping and transportation services including land transport, free trade zone, cold storage, port and terminal, and feeder services.

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Ethiopia: Companies with a Collective Capital of Birr 486 million to Enter Industrial Parks

IPDC 3 CompaniesThe Industrial Parks Development Corporation (IPDC) signed an agreement with three companies which will enter Hawassa, Adama, and Kilinto Industrial Parks. The companies named Long March Electrical Equipment Manufacturing, NK World Medical Equipment Manufacturing, and Warka Trading, will be investing Birr 486 million in textile and pharmaceutical sectors.

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