Ethiopia has earned 425 million dollar from export of 112,614.84 tons of coffee and spices in the first four months of the Ethiopian fiscal year.
The Ethiopian Coffee and Tea Authority explained that during the first four months of the fiscal year, it had planned to export 97,144.42 tons of coffee and spices with target earnings of 317.44 million USD. In actuality, it exported 112,614.84 tons which is 16 percent higher than planned garnering earnings of 425.0 million USD which registered 134 percent of the plan.
As the authority disclosed, the comparison from last year same period revealed that the revenue had shown 188.91 million dollar in increase which is 80 percent greater as the volume grew by 40,814.28 tons or 56.84 percent compared to same period of the previous fiscal year.
In the month of October alone, the country has exported 91.46 million dollar worth of coffee, tea and spices. This was also higher than the expectation which was 71.74 million dollars from an export target of 22,444.06 tons of coffee and spices. The country has export 23,694.18 tons showing 6 percent increase while the earnings reeled in 127 percent of the plan.
Compared to the same period last year, the revenue has also shown an increase of 44.41 million dollar and 94.39 percent by 8,782.57 tons or 58.9 percent.
The Authority has placed Germany, Saudi Arabia and Belgium as top three destinations for Ethiopian coffee during the four month period, which started on July 8, 2021.
Accordingly, Germany imported a total of 27, 874.10 tons or 26 percent of the total coffee from Ethiopia, resulting in 90 million dollars or 22 percent from the total in revenue.
Following Germany was Saudi Arabia which imported more than 15, 928 tons or 14 percent of coffee bringing in 53.40 million dollar or 13 percent of the revenue.
A net worth of 46.43 million dollar and 11,023.14 tons has been exported to Belgium which is 11 percent of the total revenue and 11 percent of the export.
U.S, Japan, South Korea, Italy, China, France and Taiwan ranked from 4 to 10 as top 10 destinations for Ethiopian coffee in terms of revenue generated which account for 83 percent of the total and 82 percent of total income, according to the authority. “Overall, these top 10 destination countries showed an increase of 77 percent in revenue and 94 percent in revenue compared to last year.”
The performance has shown impressive records with both the export volume and value exceeding the target set for the four months
With deteriorating political crisis in Ethiopia, Africa’s biggest coffee producer, has not been disrupted in exports and growers expect another record year as foreign rivals struggle.
The nation exported 250,000 tons during the marketing year that ended July 31, earning a record 910 million dollar, according to authority figures. Ethiopian coffee exports are forecasted to reach 280,000 tons in the current fiscal year generating 1.1 billion dollars.
Coffee and spices surpass earning expectations
Industry Park looks to transfer PVH Corp sheds
Hawassa Industrial Park looks to transfer sheds of the global fashion giant, US-based, PVH Corp following the firm’s decision to close its manufacturing facility in Ethiopia as of November 25, 2021.
As Temesgen Tilahun, Deputy Commissioner of Ethiopian Investment Commissioner expressed, some of the western investors are acting like as if there is an imminent threat to the capital despite claims from rebel forces which shows the direct effect of the western countries in Ethiopian politics.
PVH is one of the world’s largest and most admired fashion global iconic brands that include Calvin Klein and Tommy Hilfiger, connecting with consumers in over 40 countries also has been a marquee occupant of Ethiopia’s model industrial park in the city of Hawassa. The firm built its factory in Ethiopia’s Hawassa Industrial Park in 2016.
As sources from the Industrial Park Development Corporation inform Capital, the company has set COVID-19 and the international market as its main reason for its closure.
As sources explain, the company has informed the Commission about its closure and the administration of the park is working to transfer the sheds and all of its workers to other companies. The firm is said to be in talks with another company for the transition of the facility however the name of the company taking over the space has not been disclosed.
“PVH arrived in Ethiopia in 2016. Like most of its peers, it called Hawassa Industrial Park which is located south of Addis Ababa, home. The hub which was designed by the government to attract garment and textile manufacturers has defined Ethiopia as a textile and garment manufacturing hub,” said the company in its statement, adding that PVH has worked for over five years with government, civil society and business partners in Ethiopia to make the Hawassa Industrial Park a leader in inclusive development.
“We are proud of the work we have done there. We continue to work with our local and international partners to develop a sustainable and scalable business that benefits the workers and the surrounding communities, economies and environment. PVH remains committed to its third-party manufacturing partners in Hawassa Industrial Park,” the corporation stated.
Hawassa Industrial Park is one of the national flagship project and the biggest industrial park in the country having 52 factory sheds of 21 international companies which create job opportunities for more than 80,000 workers of which more than 80 percent are women.
The deputy commissioner expressed that besides PVH; so far no company has informed the commission about closure.
PVH Corp., formerly known as the Phillips-Van Heusen Corporation, is an American clothing company which owns brands such as Tommy Hilfiger, Calvin Klein, Warner’s, Olga and True & Co.. The company also licenses brands such as Kenneth Cole New York and Michael Kors.
History of Chelsea Football Club
Chelsea is a century-old football club. They made their first appearance in England’s second division in 1905. In those years, Chelsea’s home ground was Stamford Bridge, one of the oldest football stadiums in the world, which opened in 1877.
The team currently tops the English Premier League. According to Rizk, which has a review here https://bookmaker-ratings.com/review/rizk-bookmaker-review-rules-support-sign-up-free-bets-site/, the London club is only a second favourite to win a trophy, despite their top form.
But historically, for a long time, the club has not been a success. The only achievement of the team was reaching the final of the FA Cup in 1915. Chelsea managed to win their first major trophy in 1954-1955 when they won the English Premier League title. The club obtained this award five times more but had to wait until the 21st century.
Titles poured primarily due to the purchase of Chelsea in 2003 by the Russian billionaire Roman Abramovich. Before that, they had won the FA Cup three times: in 1970, 1997, 2000, and the Football League Cup twice (1965 and 1995). The Blues have also had success on the European stage, winning the UEFA Cup Winners’ Cup twice (1971, 1998) when they beat Real Madrid and Stuttgart in the finals, respectively, while Londoners also beat Real Madrid in the UEFA Super Cup in 1998.
Becoming a top club
In 2003 Roman Abramovich bought the club for £140m, a record sum at the time. At the time, the club already had future legends, John Terry and Frank Lampard. But the fundamental transformation of Chelsea into a top club happened in 2004.
Roman Abramovich invited a then-young coach Jose Mourinho as the manager, and Chelsea’s future stars, such as Petr Cech, Didier Drogba, Arjen Robben, were included in the squad. As a result, Chelsea under Mourinho took the Premier League title twice in three seasons in a row and two English League Cups and the FA Cup.
At the same time, the famous Portuguese failed to win the main trophy for any top club: the Champions League. With Abramovich switching managers, Avraham Grant coached Chelsea to the UEFA Champions League final in Moscow in 2009, where Manchester United FC came out on top in a dramatic penalty shoot-out. After Grant, Scolari and Hiddink were at the helm but failed to make headway.
The road to the major club trophy
In 2010, under Carlo Ancelloti, Chelsea won the Premier League and set a record for goals scored in the AFL in a single season, 103. Largely thanks to the efforts of Didier Drogba, who scored 29 goals that season and became the league’s top scorer. But Abramovich proceeded to change coaches like a glove.
After Ancelloti, the club was taken over by Andre Villas-Boas, who was soon successfully replaced by Roberto di Matteo and led Chelsea to their first major European trophy, the Champions League. On May 19, 2012, in the 89th minute of the match, Drogba equalized with Bayern and made it 1-1 on the scoreboard. Extra time passed without scoring, and the winner was revealed only in the penalty shoot-out.
But even victory in the Champions League did not leave Di Matteo in the coach’s chair. He was replaced by Rafael Benitez, who in 2013 won another European trophy, the Europa League, beating Benfica 2-1 in the final. Abramovich did not leave him at the helm of the team either.
In the summer of 2013, Chelsea officially announced the return of Portuguese specialist Jose Mourinho, who could bring the club back to winning the English league in 2015. But Jose was subsequently dismissed and replaced by Italy’s Antonio Conte, who took the Premier League in 2017 but, like his predecessor, had no success on the European stage. Another Italian coach, Maurizio Sarri, succeeded Conte in 2018, and his only significant trophy was winning the 2019 Europa League when Chelsea destroyed another London club, Arsenal, 4-1.
A modern-day Chelsea
Frank Lampard, a Chelsea legend as a player, failed as a London club coach. His successor, Thomas Tuchel, managed to win in the last Champions League tie, then outscored Manchester City 1-0 in the final, with Blues striker Kai Haverz scoring the goal. In the UEFA Super Cup, the game was a 1-1 draw, with Chelsea defeating Villarreal in the penalty shoot-out.
Thomas Tuchel’s success was supported by the quality of his squad, with great performances from Edouard Mendy, Thiago Silva, N’Golo Kante, Jorginho, Kai Havertz, and Timo Werner. This season, Chelsea has a strong reinforcement in the form of Romelu Lukaku. It’s been five years since Chelsea’s last league title, and it could be this year that they retake the English crown.
Former football star Eto’o submits candidacy for Cameroon FA presidency
Former Cameroon star Samuel Eto’o officially filed his candidacy for the presidency of the country’s football federation on Wednesday, promising he would be the “next president despite the cheating”.Eto’o, a four-time African footballer of the year, was accompanied by a crowd of supporters as he submitted his bid at the Cameroonian federation’s headquarters in Yaounde.
“I urge the opposite camp to be careful because we have accepted lots of things,” Eto’o told reporters.
The 40-year-old ex-Barcelona and Inter Milan striker said the current leadership had offered him a position as vice-president, a proposition he rejected.
“I will be the next president of the federation despite all the cheating,” he declared.
Eto’o said it was “time to rebuild our football” when he announced his intention to run for president in September.
The Court of Arbitration for Sport in January annulled the 2018 elections won by Seidou Mbombo Njoya, who Eto’o described as having “failed miserably”.
New elections are scheduled for December, a month before Cameroon hosts the Africa Cup of Nations, a tournament delayed a year by the Covid-19 pandemic.
(africanews)
