Print, Packaging Expo Comes Live

Dec 24 , 2022


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

Abyssinia Bank Strategic Moves Pay Off, Driving Profit Growth

The Bank of Abyssinia (BoA) enjoyed another profitable year, amassing 4.23 billion Br net profits, an increase of 10.5pc from last year. The Bank announced total assets of 222.3 billion Br, surging by 17.3pc. Total deposits mobilised through the year climbed by 33.97 billion Br to 192.51 billion Br, while loans and advances reached 167.7 billion Br. However, the bank exhibited a nominal decline in its foreign currency earnings totalling 424 million dollars. Earnings per share also showed a ma...


Radar

$100m Project Mulls Public Transportation Make-Over

A 100-million-dollar project aims to manufacture over 5,000 diesel-powered and electric public transport vehicles for the capital. The proposed project was launched hoping to replace the ageing vehicles and improve safety, efficiency and quality across the city's urban transport system. Last week saw an MoU inked between executives of Multiverse Enterprise Plc and Addis Abeba Minibus Associations and was held at Vamdas Entertainment near Megenagna. The agreement includes plans to replace 15,000...


Radar

Safaricom Soars with 6.1 million Customers

Safaricom Ethiopia reported significant commercial growth in the first six months of the 2025 fiscal year (April to September 2024), with notable increases in both mobile (GSM) and M-PESA services. The company's network and services reached a population coverage of 46pc, growing from 30pc in the previous year. This expansion was supported by the addition of over 1,000 network sites, bringing the total to more than 3,000 across the country. Safaricom Ethiopia saw a surge in its customer base,...


Back
WhatsApp
Telegram
Email