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




Ministry Gears Up to Host Manufacturing Event

Mar 25 , 2023


[ssba-buttons]

Over 350 local manufacturers, foreign investors and more than a quarter million visitors are expected to gather in an event aiming to expand the market destinations of locally manufactured products. Melaku Alebel, minister of Industry said the project intends to promote import substitution, expand the manufacturers' market destination, and increase export volume. According to Melaku, the Ministry has been paying close attention to the sector, learning from international countries such as Malaysia, Singapore, and Japan at the launching ceremony. Dubbed "Made in Ethiopia", the event is organised by the Ministry of Industry in the month of May at the Millennium Hall, on Africa Avenue (Bole Road). The Prime Minister introduced the national initiative last year with the goal of developing a competitive manufacturing industry by addressing the issues the industry is facing. Melaku said manufacturers and financial institutions should engage in the event and discuss the policies in the manufacturing sector.


Radar

Creditors Open Way for Ethiopia's Eurobond Restructuring

Ethiopia has cleared a key hurdle in restructuring its one billion dollar Eurobond after the Official Creditor Committee (OCC) approved the latest agreement with private bondholders. The OCC said the deal meets its “comparability of treatment” principle, allowing the government to proceed with restructuring the bond, which matured in 2024. The approval follows renewed negotiations after official creditors rejected an earlier agreement reached in January. Under the new agreement, reache...


Radar

University Cutoff Leaves Most Exam Takers Behind

Only 70,544 students, or 12.8pc of those who sat the Ethiopian Secondary School Leaving Certificate Examination (ESSLCE), scored above the 50pc threshold required for university admission. Education Minister Berhanu Nega (Prof.) disclosed the results during a press briefing last Saturday. Nearly 32pc of the successful candidates were from Addis Abeba, giving the city the highest share. Oromia Regional State followed, while Amhara Regional State accounted for the remaining share. The res...


Radar

Dairy Drive Turns to Farmers to Cut Import Reliance

A five-year dairy project targeting 350,000 farmers has increased average milk production per cow by 3.8 litres a day, supporting Ethiopia's effort to replace imported dairy products with domestic output. The Ministry of Agriculture leads the initiative in collaboration with SNV's BRIDGE Plus project. It combines cow-focused advisory services, technology, market links and farmer capacity-building to raise dairy productivity. The work has centred on helping farmers produce surplus milk for sal...