Geographical Indicators Promising Brand Recognition

May 20 , 2023


A sign used on products with a specific geographical origin that translates to qualities or a reputation was presented as a viable tool for enhancing brand recognition and garnering higher profit for manufacturers last week. Dubbed Geographical Indicators (GI), Fabrice Pinnard (PhD) availed several registration modalities and the utility to producers attending the presentation. With over 9,200 products registered worldwide from 40 member countries, the expert from the Cirad icipe coffee program indicated increased addition of value on production and across the value chain. He said GI-registered products garner 2.2 times as much as non-registered ones when they sell in the European Union, while the prospect of increased earnings was suggested for Ethiopian products like coffee, leather and honey. Solomon Getu, secretary of the Ethiopian Leather Industries Association, was showcasing Ethiopian Highland Leather (EHL) at the event organised at the Embassy of France. He said EHL is a leather product marked by a superior molecular structure. Solomon is hopeful GIs would be ideal for the country's leather industry as the unique texture is already garnering attention from fashion houses in Italy and the UK.


Radar

Abyssinia Bank Strategic Moves Pay Off, Driving Profit Growth

The Bank of Abyssinia (BoA) enjoyed another profitable year, amassing 4.23 billion Br net profits, an increase of 10.5pc from last year. The Bank announced total assets of 222.3 billion Br, surging by 17.3pc. Total deposits mobilised through the year climbed by 33.97 billion Br to 192.51 billion Br, while loans and advances reached 167.7 billion Br. However, the bank exhibited a nominal decline in its foreign currency earnings totalling 424 million dollars. Earnings per share also showed a ma...


Radar

$100m Project Mulls Public Transportation Make-Over

A 100-million-dollar project aims to manufacture over 5,000 diesel-powered and electric public transport vehicles for the capital. The proposed project was launched hoping to replace the ageing vehicles and improve safety, efficiency and quality across the city's urban transport system. Last week saw an MoU inked between executives of Multiverse Enterprise Plc and Addis Abeba Minibus Associations and was held at Vamdas Entertainment near Megenagna. The agreement includes plans to replace 15,000...


Radar

Safaricom Soars with 6.1 million Customers

Safaricom Ethiopia reported significant commercial growth in the first six months of the 2025 fiscal year (April to September 2024), with notable increases in both mobile (GSM) and M-PESA services. The company's network and services reached a population coverage of 46pc, growing from 30pc in the previous year. This expansion was supported by the addition of over 1,000 network sites, bringing the total to more than 3,000 across the country. Safaricom Ethiopia saw a surge in its customer base,...


Back
WhatsApp
Telegram
Email