Coffee sold at the 2020 Ethiopia Cup of Excellence (COE) scored $1,348,690, topping the previously held record of $830,245 in 2011 in El Salvador. The Ethiopia auction, however, had 28 lots for sale, against El Salvador's 42, which contributed to this auction's record-high average price of $28 per pound of coffee.
As coffee market blossoms in the south Chinese province of Guangdong, coffee beans from Ethiopia are getting a favorable welcome.
Ethiopia’s flag carrier, Ethiopian Airlines, announced it has started flying daily to Arbaminch, Gambella, Jigjiga and Assosa towns.
Ethiopian Airlines, the fastest growing Airline in Africa, announces the commencement of a new flight services to Singapore at the inaugural ceremony held at Bole International Airport, Ministerial Salon on December 03, 2013.
The event was graced by H.E. Mr. Getachew Mengistie, State Minister of Transport of the FDRE, H.E. Mr. Tadesse Haile, State Minister of Industry, H.E Mr. Lee Yi Shan, Senior Minister of State for Trade and Industry of Singapore, Mr. Tewolde GebreMariam, CEO of Ethiopian Airlines and other invited guests.
The Ethiopian Commodities Exchange (ECX) is to offer 80 more full membership seats according to members. The seats will
be offered to traders who have had limited membership rights so far. The additional seats will be sold in auction in November.
The auction will only be made open to those who have been involved in trading at the ECX.
