Italy Commits €10 Million To Supporting Ethiopian Coffee Industry – CoffeeTalk

Ethiopia has launched a 10 million euros De-Risking Investment Project in collaboration with the Italian government and key stakeholders to strengthen the coffee value chain and improve access to finance for the sector. The initiative, unveiled by the Ethiopian Coffee and Tea Authority (ECTA) and the Italian government, aims to address financial barriers within the coffee industry and enhance its overall value chain. The Italian Embassy Mission Deputy Head Luca Carpintieri highlighted the long-standing partnership between Italy and Ethiopia, highlighting the pivotal role of coffee production and its value chain in Ethiopia’s socio-economic development.

The coffee sector faces challenges such as climate change, market volatility, quality issues, outdated farming practices, and a lack of innovation. Italy has committed to helping address these problems through strategic investments and solutions. Agriculture Minister Girma Amente acknowledged the progress made in Ethiopia’s coffee sector, noting that over the past five years, the country has experienced significant growth in coffee exports. Ethiopia aims to surpass 2 billion USD in coffee export earnings by the end of this fiscal year.

Limited access to finance remains a critical challenge, and the De-Risking Investment Project is crucial in transforming Ethiopia’s coffee sector by addressing these barriers. This project is expected to play a key role in overcoming these obstacles, supporting the country’s broader goal of boosting farmers’ incomes, increasing coffee production, and optimizing export revenues.

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