East African flower growers can expect a boost in business thanks to a new tax break from the UK. Announced by the UK High Commission in Nairobi, the initiative offers duty-free access for cut flower exports from the region until 2026.
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Ethiopia is on the home stretch of joining Africa's free trade area, the African Continental Free Trade Area (AfCFTA), according to the Ministry of Trade and Regional Integration (MoTRI).
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The Ministry of Trade and Regional Integration (MoTRI) is taking a multi-pronged approach to boost Ethiopia's foreign exchange earnings. Its strategy centers on increasing the volume of exports, diversifying the products exported, and raising quality standards.
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The Ethiopian Horticulture Producer Exporters Association (EHPEA) announced that Ethiopia exported a significant amount of flowers for Valentine's Day this year. Between January 22 and February 14, 2024, the country exported 4,500 tons of flowers, targeting key markets in Europe, the UK, the US, the Middle East, and the Far East.
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Oromia Regional State has generated over USD 163.74 million in revenue from mineral exports within the last seven months. This export figure comes alongside domestic earnings which reached Birr 1.036 billion.
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