Struggling Leather Industry Garners $19m from Exports


The export of leather and leather products has brought in 19 million dollars so far this fiscal year. The figure is nearly 30pc less than what was targeted by the Ethiopian Leather Industry Development Institute. A lack of container capacity and immediate access to cargo services are behind the failure to meet export targets, according to Dagnachew Shiferaw, director-general of the Institute. The leather industry has been struggling for the past couple of years, dealing with challenges ranging from the unavailability of quality hides and skins to the closure of export destinations due to COVID-19. Leather exports made up less than one percent of the country's export revenues last year. The Institute targets to ship 90 million dollars worth of leather goods abroad this year.


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City Approves Supplementary Budget for Capital Projects

Mayor Adanech Abiebe updated the City Council on the corridor development project during a meeting. While progress has been made, there are outstanding issues for some residents. An estimated 20pc of the 5,135 households impacted by construction have not yet received compensation or replacement housing. The Council approved a supplementary budget of 21 billion Br for the current fiscal year, which ends in two months. Over 90pc of these funds are earmarked for finalising capital projects, with...


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Oromia Insurance Makes Historic Payout to Farmers

Oromia Insurance S.C. facilitated a 39 million Br payout in claims to Amhara Regional State farmers who suffered crop losses due to pest and drought. The initiative involved key stakeholders including the World Food Program (WFP), the Agricultural Transformation Institute (ATI), Pula Advisors, Agriculture and Finance ministries, and German development organisations. Spearheaded by Pula Advisors, the program has reached over 122,000 smallholder farmers, providing insurance against climate risk...


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Ethio telecom Rolls Out Nationwide Digital ID Registration

Ethio telecom has launched a nationwide digital national ID registration program across 19 locations in Addis Abeba and 29 towns nationwide. With plans to register up to one million citizens a month, targeting to reach 32 million people within the next three years. The target represents 36pc of the total national goal of registering 90 million citizens. This program leverages the telco's extensive ICT infrastructure and network services in partnership with the national ID program office, led...


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