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




Print, Packaging Expo Comes Live

Dec 24 , 2022


[ssba-buttons]

Industry experts, professionals and buyers were gathered last week to explore the paper, commercial printing and packaging technology and solutions at an international tradeshow expo. Dubbed Afri Print & Packaging Expo (APPEx), nearly 70 exhibitors participated in the event held at the Skylight Hotel, Africa Avenue (Bole Road). Exhibitors such as Betselot Alemayehu, deputy manager of Avast Printing & Advertising, were excited to explore new and robust connections while the co-owner of Metal Gems, a company established three years ago. Ramzy Teshsome, exploring the market, said the price of one sheet metal has rapidly increased from 1,200 to 4,000Br in the past three years. Hosted by Prana Events in partnership with Expo Team for Service, the event organiser, Nebiyu Lema, recalled the fast-growing imports need for printing and paper-converting technology recorded a 14pc annual growth in the four years beginning in 2016. Over 3,000 visitors attended the event, where exhibitors shared their experiences as they were forced to look for alternatives in the face of the digital world replacing the print industry. President of the Ethiopian Publishers & Printers Association, Tefera Seyoum, admitted the print industry is on rocky roads and urged tax incentives. The decision by the Ministry of Education to publish students' textbooks abroad could be a good demonstration of the neglect of the domestic industry, demanding efforts to enhance the quality of prints locally. The Chemical & Construction Inputs Industry Development Institute under the Ministry of Industry is working on building a pulp factory in the next five years.


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...