FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




Amid Uncertainties, City Welcomes Fashion Week

Nov 5 , 2022


[ssba-buttons]

It was a fresh breath for Addis Abeba last week, emerging from the global pandemic, conflicts and economic crises. International fashion vendors representing several African countries have showcased their product lines at the Skylight Hotel on Africa Avenue (Bole Road) for three days. Over 160 vendors from over 25 African countries descended in the capital, attending the show dubbed "Africa Sourcing & Fashion Week". The fashion week was organised by the Trade & Fair Group, a German and Kenya-based company. Organisers say the show aimed at providing a platform to link businesses with international buyers and market networking with fashion brands of over 30 high-end African designers. Companies displayed their products where they partnered with suppliers from the textile, design, leather and technology sectors. Over 200 vendors from south, west and east Africa participated, with 9,600 visitors before the worldwide pandemic, with a 37pc drop last year.


Radar

Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from the International Development Association (IDA) is earmarked for the sixth phase of the Productive Sa...


Radar

MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum,. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the prolifera...


Radar

Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of 24,940GWh, representing 91pc of gross generation. Hydropower remains dominant, providing 9,500MW. To diversify assets and mitigate climate risks, the utility integrated the 100MW Asela Wind Power Project. The transmission network has expanded to 148,600km to secure domestic industrial supply and...