The launch of Ethiopia's first livestock export cargo transportation service by railway has sparked optimism among the country's legal livestock exporters, according to the Livestock Exporters Association.
The launch of Ethiopia 's first livestock export cargo transportation service by railway has sparked optimism among the country's legal livestock exporters, according to the Livestock Exporters Association.
In recent years, illegal trading had severely undermined the livestock export industry, with many exporters losing hope. However, Dina noted that the ongoing policy reforms, especially in the currency regime, are gradually helping to revive the sector. The narrowing gap between parallel market and official foreign exchange rates is making it harder for contraband traders to dominate, while legal exporters are beginning to see improvements in their performance.
The association is actively supporting its members, advocating for financial support from government institutions and banks. Dina emphasized the need for banks to prioritize livestock exporters as they do for coffee exporters, arguing that the livestock sector can be equally profitable and reliable.
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