Ethiopia Secures $525Mn from Coffee, Tea Exports in 5 Months
Ethiopian Coffee and Tea Authority announced $525.6 million has been obtained in five months from the export of coffee, tea and spices. The amount exceeds the target set for the period by 43 percent.
Ethiopia has secured over $668 million in remittance in two months, the Ethiopian Diaspora Agency announced. Selamawit Dawit, Director-General of the Ethiopian Diaspora Agency, noted that Ethiopia plans to obtain $4 billion during the Ethiopian fiscal year that started July 8, 2021.
Ethiopia announced it has secured over $676 million during the first two months of the Ethiopian fiscal year that started July 8, 2021, surpassing its target of $643 million for the period by over 5 percent.
Ethiopia has collected $90 million in revenues from the export of electricity to its neighbors Sudan and Djibouti in the Ethiopian fiscal year recently ended on July 7, 2021, Ethiopian Electric Power (EEP) related.
Ethiopia's Ministry of Agriculture said it has collected $906 million from coffee export in the Ethiopian fiscal year concluded on July 7, 2021.
