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.

[ssba-buttons]

Radar

Ethiopia, IFAD Sign 69.2m Dollar Deal to Promote Lowland Resilience

The Ethiopian Government and the International Fund for Agricultural Development (IFAD) have signed a 69.2 million dollar grant agreement to implement Phase II of the Lowland Livelihoods Resilience Project (LLRP II). The grant agreement was signed by Finance Minister Ahmed Shide and IFAD President Alvaro Lario. The project targets climate resilience and improved livelihoods for three million people in pastoral and agro-pastoral communities. Co-financed by the World Bank, LLRP II covers eight reg...


Radar

NBE Expands Diaspora Warning Over Unlicensed Remittance Firms

The National Bank of Ethiopia (NBE) has issued an expanded public warning targeting unlicensed remittance operators abroad, flagging four U.S.-based companies it says are undermining Ethiopia's financial regulations. The warning includes newly disclosed findings and specific cases that underscore growing concerns about illicit cross-border financial activity. Remittance flows remain a vital lifeline for Ethiopia's economy, supporting households and supplying critical foreign currency. But as...


Radar

Stricter Standards Unveiled for Public Auditors, Accounting Firms

The Accounting & Auditing Board of Ethiopia (AABE) has issued a new directive aimed at strengthening oversight and professional standards in the accounting and auditing sector. Grounded in the Financial Reporting Proclamation, the directive addresses long-standing regulatory gaps while preparing the sector for the country's emerging capital market. Key provisions introduce stricter licensing standards for public auditors, professionals permitted to audit public interest entities. Applican...