Leather Association Embarks on a Trade Fair


Leather Association Embarks on a Trade Fair

A trade show that aspires to bring much-needed attention to the leather industry unfolded in the capital last week where over 200 exhibitors showcased their products. The organizers hope to utilize the ever impending AfCFTA agreement which allows for easier regional trade. Held at the Millenium Hall the three-day event was attended by industry players from 35 countries and ushered in a magazine produced by the industry along with the introduction of Ethiopian Highland Leather (EHL) to a wider audience. The trade fair has been hosted by different African countries since its launch back in 2008 while having to pause during the pandemic. The Ethiopian Leathers Industries Association partnered with the Industry and Trade & Regional Integration ministries and United Nations Industrial Development Organization (UNIDO) to launch the All African leather fair in Ethiopia this year with the tagline "the cradle of humankind and the origin of leather". The Association has 189 members and seeks to revitalize a sector that has been burdened with a forex crunch, the dismissal of Ethiopia from AGOA and spurs of regional conflict. Redman Bedada, president of the Association, announced the expo at a press event held at the Ambassador Hotel a couple of days before the event.


Radar

Regional Development Banks Tie-up for Private Sector Growth

Arab Bank for Economic Development in Africa (BADEA) and Trade Development Bank Group (TDB) signed a 100-million-dollar disbursement for a hybrid capital instrument last week on the sidelines of the African Union summit. Admassu Tadesse, president and managing director of TDB Group, and Sidi Ould Tah (PhD), president of BADEA were the signatories at the event attended by Central Bank Governor Mamo Mihretu, CEO of the Ethiopian Securities Exchange Tilahun Kassahun (PhD), and Deputy Chairperson of...


Radar

National Bank Reports Five-Year Low Inflation, Record-High Exports

The National Bank of Ethiopia (NBE), in its six-month snapshot on monetary and external sector developments, reports that inflation has dropped to 15.5pc, the lowest in five years and a 13.9pc decline from last year's 29.4pc rate. Headline inflation stood at 34.5pc during the same period in 2022. The report also shows a sharp decline in food inflation, which fell by 16.6pc, from 32.3pc in January 2024 to 15.7pc in January 2025. Non-food inflation dropped by 10.2pc, from 25.3pc last year to 1...


Radar

Horn Initiative Boosts Regional Development Agenda

A total of 20 projects worth three billion dollars are currently being implemented in Ethiopia under the Horn of Africa Initiative, which held a performance review platform last week. This initiative, established in 2019, seeks to economically integrate Horn of Africa countries through development projects. Finance Minister Ahmed Shide accentuated the initiative's goals of enhancing infrastructure connectivity, strengthening trade and economic integration, building resilience to natural and man...