Ethiopia's export revenues soared to $3.2 billion in the first half of the 2024/25 fiscal year, exceeding government targets by 45%. The remarkable performance follows the country’s recent currency float, which caused the birr to lose more than half its value but significantly boosted export competitiveness.
Coffee, Ethiopia's top foreign exchange earner, contributed $908 million from 204,000 tons of shipments, according to Shafi Umer, Deputy Director-General of the Ethiopian Coffee and Tea Authority. The government aims to export 400,000 tons of coffee by year-end, targeting $2 billion in revenue. Officials project total exports for the year to surpass $6 billion, a significant jump from the $3.2 billion recorded last year.
Source: linkupbusiness
@Ethiopianbusinessdaily
Coffee, Ethiopia's top foreign exchange earner, contributed $908 million from 204,000 tons of shipments, according to Shafi Umer, Deputy Director-General of the Ethiopian Coffee and Tea Authority. The government aims to export 400,000 tons of coffee by year-end, targeting $2 billion in revenue. Officials project total exports for the year to surpass $6 billion, a significant jump from the $3.2 billion recorded last year.
Source: linkupbusiness
@Ethiopianbusinessdaily