The National Bank of Ethiopia has authorized all licensed commercial banks in Ethiopia to issue export permits for goods destined to the People’s Republic of China.
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Ethiopia is poised to overtake Indonesia as the world’s fourth largest coffee producer in the 2026/27 marketing year, marking a shift in the global coffee industry and reinforcing the country’s emergence as one of the fastest growing coffee exporters in the world. According to the latest U.S. Department of Agriculture (USDA) Coffee Annual report, Ethiopia’s coffee production is forecast to reach 12.1 million 60 kilogram bags in 2026/27, compared to Indonesia’s projected 11.38 million bags.
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Ethiopia earned USD 408.2 million from the export of horticultural products over the past ten months, according to Minister of Agriculture Addisu Arega.
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Nigerian billionaire Aliko Dangote’s group of companies has increased its planned investment in a fertiliser plant in Ethiopia to more than USD 4 billion, up from the USD 2.5 billion announced last year.
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Ethiopia has earned USD 8.7 billion from export trade during the past 10 months, Minister of Trade and Regional Integration Kassahun Gofe (PhD) said.
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