Ministry Organises Agro-processing, Plastic-print Expo

Jun 12 , 2023


[ssba-buttons]

Participants hailing from 16 different countries and over 130 companies exhibiting their products attended the agro-processing and plastic print packaging expo last week. Over 3,000 visitors came to see the different products displayed at the Millenium Hall, Africa Avenue (Bole Road). The exhibition was hosted by the Industry and Agriculture ministries in partnership with several stakeholders from the private sector. At the opening ceremony, State Minister for Industry Hassan Mohammed stated that the international expo provided a platform to showcase local products, establish investment prospects, and network with industry peers. The expo is the fifth of its kind, occurring a mere three weeks after the Ethiopia Tamirt Exhibition that sought to foster local manufacturing. Despite a growing appetite internationally for agro-processed products globally, there has been limited progress in terms of development. Organised by Prana Events, the three-day event was free for all participants who managed to register online.


Radar

Nib international Bank Faces Heavy Hit from Forex Revaluation, Pays 348 Million Br in Penalties

Nib International Bank S.C. (NIB) has reported a significant loss of 2.9 billion Br, primarily due to extraordinary foreign exchange revaluation losses, this past Saturday, during its annual shareholders meeting at the Millennium Hall on Africa avenue, Airport Road. The bank faced substantial penalties amounting to 348.4 million Br. These penalties included a 251 million Br fine for liquidity shortages and a 97.4 million Br charge for violations related to Real-Time Gross Settlement (RTGS) payme...


Radar

Railway Network Upgrade Positioned as Engine of Economic Transformation

The National Railway Business Summit took place at Skylight Hotel on October 21, 2025, signalling a historic step in modernising its railway network as a foundation for national development and regional connectivity. Government officials, industry leaders, investors, and experts from around the world convened to discuss infrastructure expansion, financing models, and technology adoption. Asma Redi, chief portfolio director at Ethiopian Investment Holdings, noted that the Ethiopian Railways Co...


Radar

Gold Prices Ease After Recent Surge

The price of gold, which surged sharply in recent weeks, has started to decline in the current selling market. Over the past 15 days, 21-carat gold has traded between 24,000 and 25,000 Br per gram for imported products and around 21,000 Br for local gold. Imported 18-carat gold sold for 21,000 Br, while local 18-carat pieces were priced at 19,000 Br. Traders note that the recent increase was twice as high as typical fluctuations, attributing the spike to export patterns from Arab countries. ...