Ethiopia has obtained $578 million from coffee exports in six months, the Ethiopian Coffee and Tea Authority announced, with China emerging as the top buyer of Ethiopian coffee.
Ethiopia's six-month horticulture earnings have increased by 20% to $286 million compared to last year's export performance, the Ethiopian Horticulture Producer Exporters Association (EHPEA) announced.
Ethiopia's ninth national cooperative unions' exhibition and bazaar is underway at the Addis Ababa Exhibition center, themed "Cooperative Marketing for Peace and Stable Market."
The Amhara Credit and Saving Institution reported it has disbursed 4.12 billion Ethiopian birr loan in the just concluded Ethiopian Fiscal Year.
Institution Operation Sector Deputy Manager, Agaje Getahun, told WIC that the loan was distributed among people engaged in manufacturing, wood and metal works, trade, service, animal fattening and agriculture, among others.
Ethiopia's Amhara Credit and Savings Institute (ACSI) is to turn into a bank, the Institute's CEO, Mekonnen YelewimWossen, announced. This, he said, comes in following efforts to turn the microfinance institute into a bank for some nine years, and it will now transform into a bank and go operational in three to six months.
