Addis Chamber Launches International Trade Fair

Sep 23 , 2023


Over 500 domestic and foreign companies are expected to attend the international trade fair organised by the Addis Abeba Chamber of Commerce & Sectoral Association (AACCSA), which was launched at Interluxuty Hotel last week. The trade fair is expected to be opened in the coming year at the Addis Abeba Exhibition Centre and Millineum Hall. Mesenbet Shenkute, the Chamber's president launched the trade fair alongside Shibeshi Betemariam, secretary general. Mesenbet remarked that the trade fair is important to promote investment in agriculture, food and manufacturing and capture policymakers' attention on the import-export sector. "Most exporters are struggling to form linkages with international buyers," she said. Mesenbet said this year's international trade holds a lot of promise as the country embarks on the post-war era. "We hope for better outcomes this year," she told Fortune.


Radar

Ethiopia Buys Time, Not Relief as Creditors Stall on Debt Write-Off

Ethiopia's official creditors expect to finalise a draft restructuring of the country's debt in the coming months, granting the government more time to repay its obligations while avoiding a direct reduction to the initial debt amount. Ethiopia defaulted on its external debt in December 2023, before its leaders announced a preliminary deal in March with its Official Creditor Committee to reorganise 8.4 billion dollars, an essential step in moving beyond sovereign default. Under the agreement...


Radar

Road Injuries Increase by 35pc, with Pedestrians Most Affected

Addis Abeba's streets continue to present fatal risks for pedestrians, who account for 86pc of all traffic fatalities reported in 2023/24. Megenagna emerged as a particularly hazardous area, logging the highest number of fatalities, including 13 deaths. While the number of pedestrian deaths has dipped slightly, overall injuries have surged by 35pc since 2020/21, with eight out of 10 injuries involving those on foot. The Addis Abeba City Administration revised its 13-year road safety strate...


Radar

Awash Insurance Customer Week Discount

Awash Insurance Company(AIC), serving for over 30 years, gives a 25pc discount on Mortgage Redemption Insurance (MRI), Individual Life Insurance, Education Insurance, Workers' Compensation Insurance, and Fire & Lightning Insurance. This was announced during the celebration of Customer Week at their headquarters, on April 7,2025. Jibat Alemneh, CEO of the company said, Vehicles owners that purchased thier cars with full insurance coverage will receive enhanced benefits at no extra cost at...