Capital Gears Up to Host Leather Fair

Jan 21 , 2023


Over 200 tanners, footwear and leather goods manufacturers and garment producers are preparing to showcase their products in three weeks. Close to 17,000 people are expected to attend the three-day event at the Millenium Hall. The Ethiopian Leather Industries Association partnered with the Ministry of Industry, the Ministry of Trade & Regional Integration and the United Nations Industrial Development Organisation (UNIDO) to organise the fair to be opened on February 16, 2023. In the first 10 months of the past year, a little over 33 million dollars was earned in export from the leather industry from the expected 69 million dollars. The Association President, Redman Bedada, said the event would play a vital role in reinvigorating the leather industry and reversing the downturn in the aftermath of the pandemic.


Radar

Parliament Nods Loan Agreement with South Sudan

In a parliamentary session last week, MPs approved a 738-million-dollar loan agreement with South Sudan. The federal body ratified the proposed bill which looks to establish road infrastructure linking the two countries. The project aims to create accessible transport routes that will enable trade, reduce logistical bottlenecks, and facilitate the movement of goods and people across borders. It is expected to be managed collaboratively, with the South Sudan Roads Authority overseeing activities...


Radar

AfCFTA Strides, National Implementations Fall Behind

The 15th Council of Ministers Meeting of the African Continental Free Trade Area (AfCFTA) convened in Addis Abeba last week, bringing together stakeholders to discuss boosting trade integration and sustainable development on the continent. The AfCFTA aims to transform small and fragmented markets into a single market of over 1.4 billion people, looking to ensure heightened growth and development. It will enhance Africa's collective bargaining power on the global stage and aligns with the commitm...


Radar

MOENCO Moves to Control BYD Ethiopia Presence

MOENCO, a subsidiary of Inchcape Plc, has partnered with BYD to become the official distributor of the latter's electric and hybrid vehicles in Ethiopia. This is Inchcape's third partnership with BYD, as the company already distributes BYD vehicles in Singapore, Belgium and Luxembourg. MOENCO will begin offering the vehicles in December 2024. The company stated it will provide comprehensive sales and after-sales support, including warranty, genuine spare parts, and quality maintenance. Moenco, o...


Back
WhatsApp
Telegram
Email