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.


Radar

With New Tariffs, Trump Upends Decades-Old Ethiopia Trade Preferences

The Trump Administration has unexpectedly included Ethiopia in the list of countries subjected to new trade measures, imposing a 10pc levy on Ethiopian imports into the United States while granting a reciprocal 10pc tariff on American goods headed to Ethiopia. The move marks an unanticipated shift in Washington's approach to Addis Abeba, which for years benefited from duty-free access under the African Growth & Opportunity Act (AGOA). The tariff-free provisions had propelled apparel expor...


Radar

Unilever Ethiopia Eyes Triple Sales Under New Executive

Unilever Ethiopia plans to triple its annual sales within the next five years, aiming to reach 200 million euros. The growth push is led by 42-year-old Nesibu Temesgen, who took the top job this month, as the first Ethiopian national to claim the top executive position in the company. Unilever, a multinational company operating in more than 190 countries, established its Ethiopian presence in 2014. From its base in the Eastern Industrial Zone near the town of Modjo, the firm produces recognis...


Radar

EU Grants Ethiopia a 240 Euro to Support Key Sectors

Financial Assistance Targeted at Agribusiness, Digital Expansion, and Democratic Institutions The European Union (EU) has agreed to provide Ethiopia with a grant of €240 million to support development initiatives across key sectors. This financial assistance will primarily bolster projects in agribusiness, enhance digital competencies, and strengthen democratic institutions. Furthermore, the agreement will support public administration and facilitate efforts to promote stability and reco...