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ATEX, a boost for intra-Africa trade
Spread the NewsAfrican countries should use the innovative Africa Exchange Trade Platform (ATEX) and boost digital trade in critical commodities under the Africa Continental Free Trade Area (AfCFTA). ATEX is a digital business-to-business (B2B) and business-to-government (B2G) exchange platform developed by ECA and the African Export-Import Bank (Afreximbank), in collaboration with the African Union Commission…

Leather export earns Ethiopia $19 mln in five-months
Spread the NewsThe Leather Development Institute (LIDI) said that Ethiopia has earned $19 million from the export of leather products over the last five months of the 2021/22 fiscal year. Dagnachew Shiferaw, Director-General of LIDI, said in a press conference on Wednesday that plan has been set to garner $90 million in the current fiscal…

Survey finds out shortage of market linkages for maize affecting farmers
Spread the NewsA survey conducted by Amhara Agricultural Research Institute (ARARI) has unveiled that the shortage of market linkage for maize has affected farmers in Banja Jabitehinan district in West Gojjam Zone of Amhara region. The survey result titled “Findings of Value Chain Analysis and Market Survey in Ethiopia” has presented by Yazie Chanie, Senior…

Ethiopia garners over $1.64 bln from remittance
Spread the NewsThe Ethiopian Diaspora Agency (EDA) said Ethiopians living abroad have sent more than $1.64 billion home in the first five months of the current fiscal year. The amount has been remitted using legal channels, according to EDA. Ethiopia has a target to garner $4 billion through remittance in the 2021/22 fiscal year. In…

Local banks, experts wary of foreign banks entry
Spread the NewsBy Yared Nigussie Foreign banks entry to Ethiopia began during his imperial majesty Hailesilassie I regime. During the Italian invasion of Ethiopia in 1935, the Italians established branches of their main Banks namely Banca d’Italia, Banco di Roma, Banco di Napoli and Banca Nazionale del lavoro and started operation in the main towns…

USAID launches resilience programs worth 11 bln Birr
Spread the NewsUnited States Agency for International Development (USAID) Ethiopia Mission Director Sean Jones has concluded highly impactful visits to Bahir Dar in Amhara Region and Semera in Afar Region. While in Bahir Dar, Mr. Jones announced two new investments in the government of Ethiopia’s national Productive Safety Net Program (PSNP). USAID’s contribution of more…