Kerchanshe group signs pact with Brazil's Embrapa on coffee development

Ethiopia's Kerchanshe Group, a coffee investment firm, has agreed to collaborate with Brazil's Embrapa agricultural research institute on coffee development and related farming activities. The pact is expected to boost Ethiopia's economic growth, officials say.

In Addis Ababa on February 7, 2018, Kerchanshe Group, an Ethiopian coffee investment company, signed a memorandum of understanding with Embrapa, Brazil's agricultural research institute, to advance farming cooperation. The agreement centers on coffee cultivation and associated agricultural efforts.

Agriculture State Minister Sileshi Getahun (PhD) stated during the signing ceremony, “This agreement will play a major role in our country's economic development.” The government pledged to monitor and support its implementation to ensure tangible outcomes.

Kerchanshe CEO Israel Degfa (PhD) highlighted shared agricultural challenges between Ethiopia and Brazil. The pact facilitates technology transfer from Brazil, particularly in coffee production techniques, to elevate standards. It targets improvements in coffee yield and quality in the West Guji zone, alongside skill enhancement for workers and advancements in related sectors.

This collaboration allows both institutions to work jointly on various farming areas, strengthening ties between two nations with strong coffee traditions.

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Ethiopian Prime Minister Abiy Ahmed smiling as he cuts a ribbon to inaugurate a banana farming project in Oromia's East Shewa zone, surrounded by farmers and officials amid lush plantations.
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Pm abiy inaugurates banana farming project in oromia

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Prime minister abiy ahmed has inaugurated a banana farming project in oromia's east shewa zone. The initiative aims to relocate rural populations and enhance productivity. It is expected to contribute to ethiopia's economic growth and self-sufficiency.

Building on recent calls for delays from France and others, the EU has secured additional safeguard clauses for agriculture to advance the long-stalled free trade agreement with Mercosur. Brazil presses for swift approval ahead of the planned Saturday signing, as reservations persist among member states.

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Global coffee prices are tumbling due to anticipated record harvests from major producers like Brazil, Vietnam, Colombia, and Indonesia. Brazil's Conab agency projects Arabica output could reach 49 million bags in 2026/27, up from 37.7 million last year, thanks to favorable rainfall. Ethiopian exporters warn of tougher times ahead with collapsing margins and rising uncertainty.

Ethiopia is creating many jobs to support its green economy, according to the Ministry of Agriculture. This comes amid a workshop in Addis Ababa organized by the FAO focusing on agriculture and forestry development. The event highlights sustainable practices to boost productivity.

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Ethiopia's Government Communication Service Minister Desta Tesfahu Gobezie stated that the country has numerous experiences to offer Africans. Two summits—the 39th African Union Heads of State Summit and the African Union Parliaments Summit—will occur from Katit 6 to 8, 2018 E.C. These experiences focus on Agenda 2063 for sustainable development.

Ethiopia's Council of Ministers, in its 53rd regular session held in Addis Ababa, has approved decisions on various matters. These include the establishment of an Artificial Intelligence University, tax incentives for investors, and several loan agreements. The approvals aim to support education, economic growth, and infrastructure development.

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Prime Minister Dr. Abiy Ahmed inaugurated the Arjo Didesa castor seed processing factory, stating that Midroc Investment Group's project enables significant local substitution of revenue-generating products. The factory has a production capacity of 200 tons per hour and substitutes up to 2.3 million tons of imports. It supports industrial development in cement, paper, and construction sectors using local resources.

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