City Chamber Provides Food for People In Need

Aug 22 , 2020


[ssba-buttons]

The Addis Abeba Chamber of Commerce & Sectoral Association has provided support to 150 vulnerable people whose lives have been affected by the Novel Coronavirus (COVID-19). The Chamber, which has been responding to the pandemic in collaboration with other partners, has presented the support as part of its meal sharing initiative. The support came in the form of food and food items worth 150,000 Br to residents of Shiromeda whose livelihoods have been impacted by the pandemic. The Chamber also plans to extend similar support to residents living in Arada and Lideta districts. Part of its plan also includes assisting potters in developing their craft through sustainable and modernised methods, according to the Chamber's President Mesenbet Shenkute, who visted Ensera, a pottery centre along with the Chamber's board of directors.


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...


Radar

Export Recovery Gains Ground, Industry Still Lags Potential

The Ministry of Industry (MoI) has reported a modest rebound in Ethiopia's manufacturing exports, with revenues climbing eight percent in the 2025 fiscal year to reach 318 million dollars. Minister Melaku Alebel attributed the growth to a gradual sectoral recovery but acknowledged the figures remain well below the country's industrial potential. Speaking at a forum held with 60 top-performing manufacturers, Melaku said the ministry is working to unlock bottlenecks and improve coordination. Th...