Bottlers Association Gets New Executives

Ethiopian Bottled Water, Soft drink, Fruit & Vegetable Processing Manufacturing Industries Association in its general assembly on August 1, 2019, elected Getenet Belay, manager of Aqua Addis bottled water as its board president.


Bottlers Association Gets New Executives

Ethiopian Bottled Water, Soft drink, Fruit & Vegetable Processing Manufacturing Industries Association in its general assembly on August 1, 2019, elected Getenet Belay, manager of Aqua Addis bottled water as its board president. Getenet, before founding Aqua Addis, served at Ethiopian Airlines as manager of the engineering and planning department, as well as director of the capacity development planning department for 15 years. He has a bachelor’s degree in mechanical engineering from Addis Abeba University and got his Master of Business Administration degree from Lincoln University, USA. The Association also elected Berhane Gebreselassie, founder and general manager of Cado Industry Fruit & Vegetable Processor Company as the chairperson. The Association was formed in February 2019 with the merging of two associations, one representing bottled waters and soft drinks manufacturers, and the other fruits and vegetable processors.

[ssba-buttons]

Radar

Ethiopia, IFAD Sign 69.2m Dollar Deal to Promote Lowland Resilience

The Ethiopian Government and the International Fund for Agricultural Development (IFAD) have signed a 69.2 million dollar grant agreement to implement Phase II of the Lowland Livelihoods Resilience Project (LLRP II). The grant agreement was signed by Finance Minister Ahmed Shide and IFAD President Alvaro Lario. The project targets climate resilience and improved livelihoods for three million people in pastoral and agro-pastoral communities. Co-financed by the World Bank, LLRP II covers eight reg...


Radar

NBE Expands Diaspora Warning Over Unlicensed Remittance Firms

The National Bank of Ethiopia (NBE) has issued an expanded public warning targeting unlicensed remittance operators abroad, flagging four U.S.-based companies it says are undermining Ethiopia's financial regulations. The warning includes newly disclosed findings and specific cases that underscore growing concerns about illicit cross-border financial activity. Remittance flows remain a vital lifeline for Ethiopia's economy, supporting households and supplying critical foreign currency. But as...


Radar

Stricter Standards Unveiled for Public Auditors, Accounting Firms

The Accounting & Auditing Board of Ethiopia (AABE) has issued a new directive aimed at strengthening oversight and professional standards in the accounting and auditing sector. Grounded in the Financial Reporting Proclamation, the directive addresses long-standing regulatory gaps while preparing the sector for the country's emerging capital market. Key provisions introduce stricter licensing standards for public auditors, professionals permitted to audit public interest entities. Applican...