FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds



Metropolitan Chamber Launches Trade Fair After 3-Year Hiatus


Metropolitan Chamber Launches Trade Fair After 3-Year Hiatus

More than 75 domestic and foreign companies made their way to the trade fair organised by the Addis Abeba Chamber of Commerce & Sectoral Associations (ACCSA), three years after it had its flagship annual event held last. Teshale Belihu, state minister for Trade & Regional Integration, opened the trade fair on February 23, 2023, alongside Mesenbet Shenkute, the Chamber's president. The five-day fair at the Addis Abeba Exhibition Centre, near Mesqel Square, is themed, "Enhanced Export for Sustainable Development." The 25th edition of the trade fair is relaunched after a series of events such as the pandemic and the civil war in the north brought a long hiatus. Teshale said the government recognizes that the private sector should be in the driver's seat to the economic locomotion, with the major source of our foreign currency being the export sector. The Chamber has scheduled three specialized international trade fairs to be conducted until the end of this year. Participating in the trade fair for the second time, Desalegn Werku, export manager of Beketysay Import & Export said the event has a piece of good news for manufacturing companies as local engineering companies exhibit their products. He suggests the chamber organise the trade fair at a time that does not overlap with an international trade fair in Dubai to retain foreign exhibitors and visitors.

[ssba-buttons]

Radar

Federal Prosecutors Accuse Public Officials, Contractors of Corruption, Alleged Illicit Fund Transfers

Federal prosecutors have filed corruption and money laundering charges against 11 defendants, including Nigstu Bogale, Coordinator of the Development Project for Response to the Impact of Refugees in the Horn of Africa at the Ministry of Agriculture, Biniyam Fantaye and Taye Habte, senior irrigation engineers involved in the Development Response to Displacement Impacts Project (DRDIP-II), as well as private individuals and construction company representatives. The case alleges losses and illicit...


Radar

EIH Transitions to New Headquarters as It Oversees Major State-Owned Enterprises

Ethiopian Investment Holdings (EIH) is relocating its headquarters from its current site on General Wingate Street. The former headquarters was located behind the Ministry of Industry and near Abrehot Library. The new office is expected to be on Mozambique Street, along the route from Mexico Square to Bulgaria Road. The building belongs to one of EIH's subsidiaries, and all departments are set to move there as interior design and finishing works continue. Under the leadership of Brook Taye...


Radar

Import Substitution Push Lifts Domestic Manufacturing, Industrial Recovery

A push for import substitution and industrial expansion has prioritised 96 strategic products for local manufacturing. The “Ethiopia Tamirt” initiative reports 4.85 billion dollars in savings, supported by trade fairs linking local producers to domestic and international markets. On average, 700 new projects enter the market annually, contributing to more than 2,800 investments over four years. At the grassroots level, 18,000 SMEs have been established, while 993 dormant factories have...