Addis Chamber Launches International Trade Fair

Sep 23 , 2023


[ssba-buttons]

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

Nib international Bank Faces Heavy Hit from Forex Revaluation, Pays 348 Million Br in Penalties

Nib International Bank S.C. (NIB) has reported a significant loss of 2.9 billion Br, primarily due to extraordinary foreign exchange revaluation losses, this past Saturday, during its annual shareholders meeting at the Millennium Hall on Africa avenue, Airport Road. The bank faced substantial penalties amounting to 348.4 million Br. These penalties included a 251 million Br fine for liquidity shortages and a 97.4 million Br charge for violations related to Real-Time Gross Settlement (RTGS) payme...


Radar

Railway Network Upgrade Positioned as Engine of Economic Transformation

The National Railway Business Summit took place at Skylight Hotel on October 21, 2025, signalling a historic step in modernising its railway network as a foundation for national development and regional connectivity. Government officials, industry leaders, investors, and experts from around the world convened to discuss infrastructure expansion, financing models, and technology adoption. Asma Redi, chief portfolio director at Ethiopian Investment Holdings, noted that the Ethiopian Railways Co...


Radar

Gold Prices Ease After Recent Surge

The price of gold, which surged sharply in recent weeks, has started to decline in the current selling market. Over the past 15 days, 21-carat gold has traded between 24,000 and 25,000 Br per gram for imported products and around 21,000 Br for local gold. Imported 18-carat gold sold for 21,000 Br, while local 18-carat pieces were priced at 19,000 Br. Traders note that the recent increase was twice as high as typical fluctuations, attributing the spike to export patterns from Arab countries. ...