Ministry, Mastercard Look to Bolster Leather Industry

Jun 26 , 2021

The Ministry of Trade & Industry and the Mastercard Foundation have signed an agreement to enhance the competitiveness and growth of Ethiopia's leather industry by establishing a platform for job creation and supporting existing small and medium enterprises. The initiative, being carried out through the Foundation's BRIDGES programme, will focus on employment linkage, enterprise development, competitiveness, and access to finance. The programme will also look to support small and medium enterprises supplying schools with leather bags and shoes, with an emphasis on encouraging women to join the workforce. Around 1,000 small and medium enterprises are currently engaged in the leather industry, with most producing goods for the local market. The project aims to create employment opportunities for 1,000 people during the first round of implementation.


ZamZam Bank Joins Commodity Exchange Payment System

The pioneering full-fledged interest-free commercial bank, ZamZam Bank, has become the 24th financial institution to join the Ethiopian Commodity Exchange's (ECX) payment system. CEO of the Exchange Wendemagegnehu Negera signed the deal with the President of the Bank Melika Bedri last week. According to the CEO, joining the platform which has around 11,000 accounts registered and has transacted over 386 billion Br so far, will allow a reliable mechanism whereby traders can be certain that pay...


AfDB, ADF to Chart Transformation Path at Diamond Jubilee

The African Development Bank (AfDB) and the African Development Fund (ADF) are gearing up for a major joint meeting in Nairobi, Kenya, expected to draw around 4,000 participants. The event, taking place at the Kenyatta International Conference Centre in late May, will focus on "Africa's Transformation," a theme reflecting the continent's ongoing pursuit of economic and social development. "Despite progress over the years, Africa's transformation remains incomplete," said Vincent O. Nmehielle...


Big Art Sale Returns to Addis

The annual Big Art Sale returns to Addis Abeba this weekend. Over 100 artists are expected to showcase their original works and prints at the Hilton Addis. What's Out Addis in partnership with the Hilton Hotel is behind the event that showcases the works of over 100 artists. Big Art Sale has been around for the past 18 years showcasing paints and prints. According to organisers, it offers a chance to meet the artists and enjoy a variety of art forms with a dedicated Kids' Corner and food and...