Ethiopian Chamber Makes Comeback with New Leadership

Jul 21 , 2024


Ethiopian Chamber of Commerce & Sectoral Associations' (ECCSA) long-awaited general assembly elected Sebsib Abafira from the Oromia Chamber and Aynalem Abayneh (PhD), a former board member from the Southern Ethiopia Chamber, as president and vice president respectively. Nine board members were also selected from across the country's diverse chambers. For four years, the Ethiopian Chamber was not able to elect its leaders. The last one that brought Melaku Ezezew from the Amhara Chamber, was held in 2018 and regional conflicts and bureaucratic hurdles prevented a new leadership from taking the helm. This all changed last week at the 10th General Assembly. Established to champion trade and investment, the Chamber has seen its influence wane in recent years. However, with newfound leaders, a full board and a commitment to serving its members, it is expected to reclaim its role as an advocate for Ethiopia's business community. The Chamber boasts a rich history of supporting its members. From training programs on leadership and strategic planning to establishing an arbitration centre for trade disputes, it has consistently provided valuable resources. The inclusion of four new members from emerging regions – Central Ethiopia, Sidama, South West, and Southern Ethiopia – is expected to further strengthen its reach.


Radar

Coffee Exports Bring in $1.5B in Third Quarter

Ethiopia has earned 1.5 billion dollars from coffee exports over the nine months of the fiscal year. The country had set a target to earn a little over a billion dollars by exporting 201,959tns of coffee during the same period. According to Adugna Debella (PhD), director general of the Ethiopian Coffee & Tea Authority, the export strategy continues to focus on major international markets, with the top 10 destinations, including Saudi Arabia, Germany, and the United States (SU), accounting...


Radar

Central Bank Holds Fourth Exchange Auction

The National Bank of Ethiopia(NBE) sold one dollar for 131.4961 birr in its recent auction. It was reported that 26 banks participated in this auction, which took place last week on Thursday. In a statement issued by the National Bank  following the auction, it was indicated that 70 million dollars was offered for the event. Subsequently, it was reported that 96 pc of the foreign exchange needs of the participating banks were met. In the previous auction, held 15 days ago, the bank had of...


Radar

City Registers 64,075 Births in Fiscal Year

The city has exceeded its birth registration target for the first nine months of the fiscal year, registering 64,075 children—71.15pc more than the set goal of 58,342. This success, with a registration coverage rate of 109.63pc, is largely attributed to the efficiency of the one-centre birth registration service system, which has been rolled out across health centres and courts. The total number of vital events registered, including births, adoptions, marriages, divorces, and deaths, reache...