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

Ministry Secures $86m Grants

An 86.18 million dollar grant agreement was signed between the Ministry of Finance, UNICEF and UNFPA last week to support the agencies' ongoing country programs for the fiscal year. Out of the total grant, UNICEF committed 70 million dollars to support its water, nutrition, education, health, sanitation, child protection, and gender projects. Meanwhile, UNFPA pledged 16.1 million dollars for family planning, maternal health, adolescent and youth development, and gender equality and women empo...


Radar

Authority Reports Fuel Import Stats

Ethiopian Petroleum & Energy Authority (EPA) disclosed that 3.2 million tons of fuel were imported into the country during the last fiscal year. The figure includes 2.04 million tons of diesel and 767,672tns of benzene. In the past fiscal year, the digital payment system, Telebirr, facilitated transactions totalling 103 million volumes worth 61.8 billion Br. Of these transactions, 81.39pc were for diesel, while 17.82pc were for benzene. The number of fuel stations increased from 682 to...


Radar

Commercial Bank Collects $3.2b in Foreign Currency

The Commercial Bank of Ethiopia (CBE) announced robust performance in foreign currency collection for the past fiscal year, achieving 3.2 billion dollars in total mobilisation. This includes 2.07 billion dollars in remittances, with the Bank's Diaspora banking service and CBE Birr contributing 89.9 million dollars to the total. The performance details were shared during CBE's annual review meeting last week. "This achievement is particularly gratifying given the challenging economic climat...


Back
WhatsApp
Telegram
Email