LIQUID SWORDS


LIQUID SWORDS

(Left) Lelise Neme, head of the Ethiopian Investment Commission, Gebremesqel Challa, minister of Trade & Integration, Aklilu Tadesse, CEO of the Industrial Park Development Corporation. Several stakeholders gathered at the Hyatt Regency Hotel last week to discuss the creation of an enabling environment in the manufacturing sector. Exports from industrial parks fell by 24pc last year while Ethiopia's merchandise exports also tumbled in double digits. Lack of access to finance, foreign currency shortages and political instability contribute to the panoply of issues the manufacturing sector faces.

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Construction Sector Faces 'Serious Trouble,' Minister Warns

The construction industry in Ethiopia is in "serious trouble," said Chaltu Sani, Minister of Urban & Infrastructure Development, citing major challenges with finance, competitiveness and material costs. Speaking at the opening of the BIG 5 Construct Ethiopia expo and the inaugural East African Infrastructure & Water Expo at Millennium Hall last week, Chaltu stressed the need for concerted efforts from government, private sector, and international partners to support the 67 billion dol...


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Wegagen Bank, Gift Real Estate Partner to Promote Diaspora Homeownership

Wegagen Bank S.C. and Gift Real Estate Plc. signed a Memorandum of Understanding (MoU) on June 23, to offer housing loans for homebuyers, with a special focus on the Ethiopian diaspora. The agreement enables eligible diaspora members to access loans covering up to 80pc of a home's value at reasonable interest rates. The bank's Deputy CEO Kidane Gebreselassie noted the deal will promote the real estate sector and expand homeownership options. Founder and CEO of Gift Real Estate, Gebreyesus Igata...


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Jimma University Signs Sports Science Agreement to Strengthen National Programmes

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