Leather Companies Join Faltering Brand

Sep 4 , 2021

New Wing Addis Shoe Factory Plc and Pittards Ethiopia have received certificates to begin the manufacture and export of a range of leather products, including bags, shoes, and jackets, under the struggling Ethiopian Highland Leather (EHL) brand. The brand, owned by the Leather Industries Association, has failed to garner any export revenues since its conception in 2015. The Association spent over three years under development with technical and financial support from the Japan International Cooperation Agency (JICA) before the first certificates were granted to Davimpex Bahir Dar Tannery Plc and Ethio-Leather Industries Plc in 2019. Exports of leather goods generated 39 million dollars last year, only 39pc of the targeted amount.


Pivots in Business Maze

A set of projects spearheaded as part of ease of doing business reform with a 7.2 million euro finance from the European Union (EU) is set to improve and navigate the lingering concerns in Ethiopia's business landscape. E-governance projects are undertaken by GIZ International Services and Mckinsey & Company in cooperation with five federal agencies, including the Justice, Trade,  Innovation, Revenues ministries and National Bank of Ethiopia (NBE) are part of the wider plan to improve the d...


Dashen Bank Board Reinstates its Chair

Dashen Bank re-appoints Dula Mekonnen as its Board Chairman, extending his tenure for another three years. The decision was made during a board of directors meeting held at the Sheraton Addis Hotel last week. Dula holds a first degree in electrical engineering from the Adama Science & Technology University and a graduate degree in business management. With a diverse leadership background spanning three decades, Dula has served as a manager at Ethio-Leather Industry Plc and managed Wenji S...


Digital Fuel Transactions Soar Amid Subsidy Drop

Nationwide digital fuel transactions have exceeded the 155.4 billion Br mark, as the Ethiopian Petroleum & Energy Authority released a half-year report last week. Consistent reductions in fuel subsidies have led to the fuel price stabilisation fund hitting an all-time low of 117.4 billion Br, a decrease of 79.6 billion compared to the previous year. The report highlights the successful monitoring of subsidies across the country's 1,589 fuel stations, benefiting nearly 200,000 transporters...