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Private exporters are required to have at least 15 million Birr in capital, according to the ‘Coffee Marketing and Quality Control Directive,’ while the floor is 20 million Birr for share and private limited companies.
The Ethiopian Coffee and Tea Authority has raised minimum capital thresholds for individuals and businesses looking to get involved in the coffee export business.
Private exporters are required to have at least 15 million Birr in capital, according to the ‘Coffee Marketing and Quality Control Directive,’ while the floor is 20 million Birr for share and private limited companies.
This is the second time the Authority is changing the minimum requirements this year, with the previous amendment seeing the capital threshold jump to 10 million Birr from 1.5 million.
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Both private and company exporters are required to present bank statements and disclose ownership structure in order to attain a certificate of competency from the Authority, according to the directive.