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Ethiopian Innovators Shine at Start-Up Competition


Ethiopian Innovators Shine at Start-Up Competition

Three Ethiopian innovators have emerged victorious in Total Energies' annual start-up competition. Open to entrepreneurs aged 18 to 35 owning businesses less than three years old, the competition aims to support groundbreaking projects across the continent. The competition has awarded 100 innovators from 32 African countries. Total is celebrating its 100th year anniversary. The fourth Ethiopian edition of the Startup of the Year competition was held last week at Skylight Hotel. Menberu Zeleke was recognized for his invention 'Solar Mekes', a solar-powered automatic onion root and leaf cutting machine aiming to enhance productivity and save time and energy by harnessing solar energy. Ermiyas Tefera developed 'Korojo Eco Package and Bags' which is an eco-friendly and biodegradable packaging. Utilizing agricultural residues like banana pseudo-stems, enset, and rice straw, he aims to replace plastic bags, reduce environmental pollution, and convert agricultural waste into valuable products. Adugna Nigatu, owner of 'Alene Bio-gel Fuel Production', focused on producing biogel fuel from spent coffee grounds and bio-based additives. This thick liquid-fuel burns with a clear flame and offers cooking efficiency comparable to gaseous fuels.

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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...


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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...


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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...