Fortune News | Nov 10,2024
Ethiopia's leather industry has significant untapped potential from its large livestock population. However, foreign currency shortages, limited access to chemicals, and a lack of prioritization from policymakers are pushing several plants out of business. To unlock the industry's potential, industry leaders urged federal government authorities to create an enabling policy environment that fosters strong inter-industry linkages and prioritizes access to foreign currency for the industry. Experts say developing a sustainable value chain, changing the popular perception towards leather products, and promoting domestic use are crucial to revitalizing the industry. Focusing on developing a strong export market, trademarking Ethiopian Highland Leather (EHL) internationally, and supporting the Leather City project could help create a thriving, sustainable leather industry that supplies domestic and global markets.
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PUBLISHED ON
Apr 22,2023 [ VOL
24 , NO
1199]
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