Swedish Group Invests in Retail Shops

Aug 17 , 2019


Swedish International Development Cooperation (SIDA) has partnered with East African Holdings Group and Wise, a nongovernmental organisation, for the construction of 200 shops at a cost of 20 million Br. The programme, which will benefit around 2,800 women, will see the construction of shops that will exclusively wholesale and retail a select group of 19 East Africa products. “The programme allows us to shorten the market chain and is part of our social responsibility,” said Fitsum Nigusse, marketing and corporate communications director at East Africa. East Africa has 6,000 permanent and temporary employees and produces over 100 different products. The other partner in the programme, Wise, will give training and assistance to the women. The project launched by SIDA is part of a five-year programme dubbed Livelihoods Improvement for Women & Youth (Li-Way). The programme aims to contribute to sustainable poverty reduction and social stability through improved livelihoods in Addis Abeba.


Radar

Coffee Exports Bring in $1.5B in Third Quarter

Ethiopia has earned 1.5 billion dollars from coffee exports over the nine months of the fiscal year. The country had set a target to earn a little over a billion dollars by exporting 201,959tns of coffee during the same period. According to Adugna Debella (PhD), director general of the Ethiopian Coffee & Tea Authority, the export strategy continues to focus on major international markets, with the top 10 destinations, including Saudi Arabia, Germany, and the United States (SU), accounting...


Radar

Central Bank Holds Fourth Exchange Auction

The National Bank of Ethiopia(NBE) sold one dollar for 131.4961 birr in its recent auction. It was reported that 26 banks participated in this auction, which took place last week on Thursday. In a statement issued by the National Bank  following the auction, it was indicated that 70 million dollars was offered for the event. Subsequently, it was reported that 96 pc of the foreign exchange needs of the participating banks were met. In the previous auction, held 15 days ago, the bank had of...


Radar

City Registers 64,075 Births in Fiscal Year

The city has exceeded its birth registration target for the first nine months of the fiscal year, registering 64,075 children—71.15pc more than the set goal of 58,342. This success, with a registration coverage rate of 109.63pc, is largely attributed to the efficiency of the one-centre birth registration service system, which has been rolled out across health centres and courts. The total number of vital events registered, including births, adoptions, marriages, divorces, and deaths, reache...