Flower Growers Request Help in Sourcing Sugar

Apr 16 , 2022


[ssba-buttons]

The Ethiopian Horticulture Producer Exporters Association (EHPEA) is petitioning the Ministry of Industry for help in sourcing sugar on behalf of five flower growers. Floriculturists use sugar as a natural preservative to extend the shelf life of fresh-cut flowers destined for export. The letter was written on behalf of Afri Flower, Tal Flower, Beti Ornamental Plants, JoyTech Flowers and Klaver Flowers. These companies export gypsophila summer flower types and employ over 2,000 people. The industry lobby group has also been vocal in its opposition to the central bank's updated forex retention rules introduced in January. A recent central bank directive upping price floors for flower exports has also been cause for concern.


Radar

Korenti, Agelegel Microfinance Ink EV Financing Deal

Korenti Auto Trading PLC has signed a strategic agreement with Agelegel Microfinance to provide accessible financing options for electric vehicle (EV) buyers. The partnership seeks to ease EV ownership by offering fair pricing and loan packages with affordable rates. The initiative supports Ethiopia's push for clean transport and aligns with national sustainability goals. Korenti's managing director said the move reflects the company's commitment to expanding electric mobility. Customers can now...


Radar

NBE Leads Week-Long Bank Supervision Application Forum

The National Bank of Ethiopia (NBE) is hosting a week-long Bank Supervision Application (BSA) User Group meeting that began on July 7, 2025. The BSA system, developed by a pan-African consortium of central banks including the NBE, automates supervisory work for financial regulators. NBE will take over the rotating BSA chairmanship in September. Opening the session, Frezer Ayalew, Director of Bank Supervision, stressed the need for modern tools to handle growing regulatory demands amid cyberse...


Radar

Six Fuel Companies Banned, Seven Warned, Authority Noted Illicit Activity

The Ethiopian Petroleum & Energy Authority has taken disciplinary action against 13 fuel distribution companies for illegally trading 2.8 million litres of fuel outside the digital system in the past two months. Six firms face a one-month suspension from the fuel import and trading market, while seven others received final warnings and must rectify their operations within a month. Director General Destawe Mekwanant (PhD) said the companies failed to monitor fuel stations and ensure proper...