Ministry Urges Businesses Prioritise Quality

Sep 1 , 2024


[ssba-buttons]

The crucial role of exceeding consumer expectations through high-quality production in reducing import reliance and enhancing exported goods was underlined at a recent panel discussion at the Ministry of Trade & Regional Integration. The discussion underscored the need for businesses to invest in training, improve infrastructure, and prioritise customer satisfaction. The government's "Let Ethiopia Produce" initiative, launched two years ago, aims to substitute imports with locally produced goods. However, challenges such as substandard quality, limited awareness, and non-conformity to environmental standards hinder the growth of local suppliers. Minister Kassahun Goffe accentuated the importance of prioritising quality for the success of the initiative. He called on manufacturers to invest in quality control measures and meet international standards. An exhibition held last week showcased locally produced goods and encouraged consumers to support domestic businesses. The event was attended by high-level government officials, including Minister Kassahun Goffe, Tewodros Mebrat, CEO of the Ethiopian Quality Award Organisation, and Mesfin Tasew, CEO of Ethiopian Airlines who shared the Airlines' experience in providing high-quality customer service, emphasising the importance of safety, punctuality, and meeting customer expectations.


Radar

Capital Market Authority Extends Public Company Registration Deadline, Warns Against Unlicensed Investment Bank

Ethiopian Capital Market Authority (ECMA) has granted a final one-month extension for publicly held companies to register, setting the new deadline for April 9, 2025. The extension applies specifically to companies with over 50 shareholders, who are required to submit comprehensive documentation across all industries. Mandatory details include the total number of shareholders, the total number of shares issued, fully paid shares, subscribed shares, and the value of shares on the reporting dat...


Radar

State Corps Post Growth Eyeing Innovation, Market Expansion

The Ethiopian Insurance Corporation (EIC) generated 9.34 billion Br in written gross premiums, marking a considerable 51.7pc increase compared to the same period last year. The Corporation's profit reached 1.2 billion Br, exceeding its planned target by 15pc and increasing by 62.7pc from last year's corresponding period. Executives of Ethiopian Investment Holdings (EIH), Ethiopia's sovereign fund that owns state enterprises, commended EIC for its achievements and provided strategic guidance t...


Radar

Ethiopian Airlines, AfDB Forge Partnership for Bishoftu International Airport Project

The Ethiopian Airlines Group has signed a letter of intent with the African Development Bank (AfDB) to launch a partnership for the ambitious Bishoftu International Airport Project. Mesfin Tasew, CEO of Ethiopian Airlines, and Nnenna Nwabufo, vice president of Regional Development, Integration & Strategy at AfDB signed the agreement. The two officials expressed their intent to consolidate the existing partnership through strategic and innovative engagements to benefit Ethiopia and the wid...