American Leather Manufacturer Lands Space in Capital

Oct 1 , 2022

Parker Clay Plc has inaugurated a leather products manufacturing facility in Addis Abeba Industrial Village. The development comes two months after the company received a 1,150sqm plot in the Village from the Industrial Parks Development Corporation (IPDC). The US-based firm retails leather products made in Ethiopia. It started operations a few years ago with a small space and a few employees. It has since seen its workforce grow to more than 200, 80pc of whom are women. The company retails leather bags for as much as 350 dollars on its website. The inauguration comes as the leather industry continues to underperform. Exports from finished leather goods plunged 72pc in 2020/21 from three years prior. Though no figures are yet available for the most recent performance, the export of leather goods accounted for a tiny fraction of revenues.


Ministry Ponders Tax Waivers for Rural Energy Solutions

Tax exemptions for off-grid energy technologies like solar pumps and mini-grids are under discussion, spearheaded by the Ministry of Water & Energy. Commonly used by rural households, officials disclose their simultaneous plan to develop 300 mini-grids in the next six years. According to Birhanu Weldu, the lead executive of rural energy technology development, the initiative tackles the country's low electrification rate and reliance on charcoal and firewood. Charcoal, fuel wood, and...


Rural Land Proclamation Comes to Light

A landmark legislation that grants title holders in rural areas the right to use the property as collateral was unanimously ratified by Parliament last week. It primarily focuses on extending access to finance for farmers and pastoralists, through a structured land title system. It also introduces criminal penalties for the illegal transfer of property. Replacing the 18-year-old proclamation for rural land management, the law sentences individuals engaging in land invasions and unauthoris...


Ethiopian Unveils $50m Domestic Terminal Renovation

With a rising demand for domestic travel, Ethiopian Airlines has renovated its terminal at Addis Abeba Bole International Airport with 50 million dollars to handle customers. The expanded terminal has doubled its previous size to 25,750Sqm and accommodates 200 daily flights to and from 22 domestic destinations. It includes four contact gates, 10 remote departure gates, 22 check-in counters with automated baggage screening systems, shops and restaurants. The terminal also features a dedica...