Ethiopia Stocks up for Sugary New Year

Sep 6 , 2020

The Ministry of Trade & Industry has begun the process of importing two million quintals of sugar to meet expected demand arising from the upcoming Ethiopian New Year festivities. The country has a sufficient stock of sugar that will last for the next two months, according to Desalegn Tesema, supply & warehouse head at the Ethiopian Sugar Corporation. The overall annual sugar demand in the country stands at 7.5 million quintals. However, the seven operational sugar factories produced 3.1 million quintals of sugar over the just ended fiscal year, a 600,000ql increase from the preceding year. The Ministry of Finance had announced that six sugar projects will be privatised.


Geda Special Economic Zone Receives Prospective Tenants

East African Holding and Ethio-Chicken have been shortlisted to invest in the Geda Special Economic Zone(GSEZ), located in the tri-state area shared by Mojo, Adama, and Shashemene cities within the Oromia Regional State. The two companies were selected from 120 investors who showed interest in acquiring space in one of the largest SEZs in Africa. Close to 404hct of land has already been developed in the expansive economic zone, out of a potential 24,000 hectares, with lease prices set between...


Standard Institute Revamps Fees, Board Restructuring

The Ethiopian Standards Institute (ESI) is set to introduce fees for standards sticker, establish a new governing board, and address collaboration with other regulatory bodies. The Institute plans to strengthen its financial standing by charging fees for standards and product certification services to support its operations and annual budget. A key change involves replacing the current Council of Standards with an 11-member Board of Directors. The Minister of Trade & Regional Integration...


Safaricom Ethiopia Rolls Out its Network to Tigray

With 125 self-built towers, Safaricom Ethiopia has launched its operations in the Tigray Regional State. Executives disclosed plans to invest in an additional 166 towers and expand their reach to the remaining towns. "This is the most exciting milestone in Tigray since the return of social services," said Getachew Reda, president of the Interim Regional State Administration. In July 2021, the consortium-backed telecom giant entered Ethiopia's market, historically dominated by state-owned E...