A credit default swap (CDS) is a financial contract that offers protection against the risk of default on debt instruments.
MoA mandates strict phytosanitary compliance for banana exports
The Ministry of Agriculture (MoA) has called for strict compliance with international quality standards and phytosanitary requirements for banana exports, saying higher production alone will not enable Ethiopia to penetrate global markets.
The directive was issued at the National Banana Conference in Addis Ababa, held under the theme, “From Bunch to Breakthrough: Positioning Ethiopia as a Global Banana Export Powerhouse.” The conference brought together government institutions, producers, exporters, researchers, financial institutions and development partners to discuss production, quality, logistics, finance, market access and value addition.
Sofiya Kassa, State Minister for Agricultural Investment and Input Supply Development at the Ministry of Agriculture, said Ethiopia has substantial banana-production potential but must improve quality and meet international standards to compete in wider markets.
“Ethiopia has massive production, but quality is one of the main challenges to penetrating the world market,” Sofiya said.
She urged producers, exporters and public institutions to focus on export-grade bananas capable of entering markets beyond Ethiopia’s traditional destinations, including Djibouti and Somalia.
The Ministry said commercial production clusters will be subject to pre-production verification, disease-control measures and phytosanitary inspection protocols. The Ethiopian Agricultural Authority and the Ethiopian Institute of Agricultural Research are expected to support the process.
Phytosanitary compliance refers to measures designed to prevent the spread of pests and diseases through international trade in plants and plant products. Exporters must meet the plant-health requirements of destination countries, often through inspection, treatment, testing and certification before goods are shipped.

The government said the stricter approach is part of a wider effort to move the horticulture industry away from a volume-driven domestic focus toward a quality-assured, export-oriented supply chain.
The initiative is linked to Ethiopia’s 10-Year National Horticulture Strategy, the Agricultural and Rural Development Policy, contract-farming models and the National Agricultural Finance Implementation Roadmap.
According to figures presented at the conference, Ethiopia earned USD 38 million from exports of 91,320 tonnes of bananas and avocados over the past five years, mainly to Djibouti, Somalia and Middle Eastern markets. Banana exports accounted for USD 25 million of that revenue, from 72,599 tonnes.
Despite ranking among the world’s leading banana-producing countries, with annual output reportedly nearing 7.3 million tonnes, Ethiopia exports only a limited share of its production through formal channels. Most bananas are consumed locally or traded informally.
Tewodros Zewde, Executive Director of the Ethiopian Horticulture Producer Exporters Association, said Ethiopia’s export income remains far below its potential.
“We have the potential to generate hundreds of millions—if not billions—of dollars from both fresh and processed banana products,” Tewodros said.
However, he said the industry continues to face major obstacles, including limited access to virus-free planting materials, low productivity, inadequate technical capacity and limited financing.
“Access to finance remains the single largest challenge in the banana industry,” he said, calling on financial institutions to increase lending to producers, exporters and horticulture developers.
The government has set a target of generating USD 700 million from fruit and vegetable exports during the current fiscal year. Officials expect the banana subsector to contribute to that objective, alongside other horticultural commodities.
Ethiopia launched its electronic phytosanitary platform, known as e-Phyto, in November 2025. The Integrated Export and Import Certification System allows exporters to apply for and receive plant-health certificates electronically, reducing processing time and improving the traceability of export documents.
The system is linked to the International Plant Protection Convention’s ePhyto hub, allowing certificates to be transmitted directly to importing countries. Such digital certification can reduce delays and fraud risks, provided both exporting and importing countries are connected to the platform.
Ethiopia’s climate, diverse production zones and potential for year-round cultivation give it a comparative advantage in banana production. Major producing areas include the South Ethiopia, Sidama, Oromia and Amhara regions, as well as the Omo-Rate cluster.

Industry representatives said production could be raised closer to international standards through improved harvesting systems, including cable-way technologies, as well as investment in cold-chain logistics, laboratory-tested planting materials and skills training.
Sofiya called on commercial banks and financial institutions to expand credit facilities for smallholder farmers and commercial horticulture developers.
Without sufficient capital, she warned, local producers will struggle to modernise farm infrastructure, improve productivity and obtain the international certifications required to access higher-value export markets.
Buenos Aires coffee fair to bring together 100 exhibitors and 1,500 baristas
The 13th edition of Exigí Buen Café, Argentina’s largest coffee fair, will take place on Sept. 13 and 14 at La Rural in Buenos Aires, bringing together 100 exhibitors from four continents and an estimated 30,000 visitors.
The two-day event will cover 5,000 square metres and feature tastings, competitions, coffee-themed art and 20 free public workshops. Participants will learn about home brewing and methods including V60, Chemex and AeroPress, as well as the fundamentals of coffee tasting.
The fair will also host Argentina’s national Barista, Brewers and Latte Art competitions, judged by an international panel. Visitors will be able to sample single-origin coffees and meet 40 producers from Latin America and Africa, including Brazil, Colombia, Ethiopia, the Democratic Republic of Congo and Venezuela.
A 300-seat auditorium will host discussions on coffee trends, sustainability and health research. The programme will also include coffee and Argentine wine pairings led by sommeliers and baristas.
“Each edition offers a snapshot of the state of the art of coffee in Argentina,” said Sabrina Cuculiansky, founder and chief executive of Exigí Buen Café.
The fair will run from 10 a.m. to 8 p.m. at Pabellón Ocre, La Rural, Buenos Aires. Ticket prices start at ARS 18,000.
Angelique Kidjo makes history with Hollywood walk of fame star
Five-time Grammy winner Angelique Kidjo on Tuesday became the first Black African to be honored with a star on the Hollywood Walk of Fame. In a glitzy ceremony under palm trees and picture-perfect California skies, Kidjo was feted by film stars and music industry titans as she unveiled the star on the busy thoroughfare.
“We Africans don’t know what we’ve given to the world,” the 66-year-old said. “Without us, there’s no music possible on this planet.” After offering thanks to her team and family, Kidjo erupted into song as those present sat in rapt attention.
Born in Benin, Kidjo has built an international career spanning more than 40 years and 18 albums. As well as being named one of Time magazine’s 100 most influential people, she has also been nominated as one of Africa’s 50 most iconic figures by the BBC, and one of the 100 most inspiring people in the world by The Guardian.
Harvey Mason Jr. of the Recording Academy hailed Kidjo as a “rare artist.” “Your example has elevated our global music community, and your work continues to remind us that music is more than entertainment; it’s connection,” he said.
“This star is a permanent symbol; it’s not going anywhere, and it’s a symbol of your achievements. But your legacy, it lives in the people that you’ve touched, that you’ve inspired, the barriers that you’ve broken, the connections you’ve created all around the world.”
Actor Willem Dafoe praised Kidjo’s immense energy on stage. “The first time I saw Angelique perform live, I thought her music, her dancing, her commitment were incredible,” the “Platoon” star said. “She is, without a doubt, the hardest-working woman in show business.”
But, he said, more impressive was her dedication to the humanitarian work of her Batonga Foundation, which strives to empower girls and young women in Africa. “This is not a token celebrity involvement; it is an extension of what she does with her music.
She stirs us, lifts us up, and reminds us that we’re all connected, and that love and understanding is the way.”


