Capital Hosts Fashion Week

Nov 11 , 2023


Over 300 exhibitors gathered in the capital to showcase domestically manufactured products under the "Made in Ethiopia" theme last week. Melaku Alebel, Minister of Industry, revealed that policy reforms are fashioned to respond to domestic and international trade changes to support local manufacturers. He indicated vital national initiatives to develop specialised economic zones and improved trade logistics services. The British and German governments have supported 20 textile and leather firms under the Sustainable Industrial Clusters (SIC) project,  connecting international buyers and domestic manufacturers through the platform. The four-day event covered discussions, exhibitions and a tour of Ethiopian textile and apparel manufacturing sites. Africa Sourcing and Fashion Week (ASFW) 2023 garnered 5,000 participants from 50 countries at the Skylight Hotel (Airport Road).


Radar

Standing Committee First Visit to Private Foreign Firm Garners New Era

Safaricom Ethiopia stated that it has become the first private foreign company to host a visit by a standing committee from the House of People's Representatives, with the Democracy Affairs Standing Committee touring the company's operations last week. Wim Vanhelleputte, CEO, presented the company's half-year results, showcasing growth in mobile and M-PESA services. Notable achievements include expanding 4G coverage to 46pc of the population, acquiring over 6.1 million active subscribers, and se...


Radar

Goh Mortgage Bank Registers 12-fold Gross Profit Increase

Goh Mortgage Bank reported gross profits of 83.4 million Br, a twelve-fold increase from last year's 6.4 million Br. At its general assembly last week, the bank announced total deposits of 1.02 billion birr, a 12pc increase from 30,530 deposit accounts, which grew by almost 40pc. Outstanding loans reached 1.55 billion Br, with 60pc directed to the construction sector and 19pc towards export-import activities. The bank mobilized 2.3 million dollars in foreign exchange during the year. Girum Ts...


Radar

Garment Maker Invests 200 million Br in Worker Welfare

Shints ETP Garment PLC, a South Korean enterprise operating inside Bole Lemi Industrial Park, inaugurated a 200 million Br recreational facility and daycare center. This state-of-the-art facility includes a tennis court, basketball court, soccer field, gym, and daycare center, with hopes of enhancing employee satisfaction and productivity. The company currently provides dormitory services for 5,500 workers and primary education for their families and plans to expand its dormitory capacity to 11...


Back
WhatsApp
Telegram
Email