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




Chamber Bill Proposes Name Change

Jan 9 , 2021


[ssba-buttons]

The amended draft proclamation of the Ethiopian Chamber of Commerce & Sectoral Associations has proposed a change to its name. The draft, presented at a panel discussion last week, would rename the organisation the Chamber of Commerce & Industry. The proposed change caused a split in interest at the meeting attended by all 18 member associations and four of its former presidents. Members from the industry and manufacturing sectors welcomed the change, while others raised concerns on the exclusion of sectors like tourism and ICT in the name. The need for the Chamber to expand its activities, in issuing permits for bazaars and exhibitions, was also raised in the discussion. The service, currently provided by the Ministry of Trade & Industry and regional trade offices, can be conferred by the Ministry to the Chamber by law. Members of the Association suggested this push in order to control the quality of bazaars and exhibitions as well as expand the Chamber's means of income through service fees. The draft law is intended to go through a series of discussions before being tabled to the Ministry, as the Association's first proclamation in 2003 had caused disagreements between members, according to Melaku Ezezew, president of the Chamber.


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...