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May 27 , 2023

HEFTY GREEN

Street vendors around the Shola area take a rest in the shades of the capital's newly planted trees. Upon reporting on its 10-month performance before parliament, the Agricultural Minister indicated that up to 43pc of the arable land in the country has been rendered acidic. This requires large amoun...

May 27 , 2023

DAMP DENIMS

Residents of communal houses around the Weji area hang their clothes on the fences outside. Textile manufacturing accounts for 87pc of Ethiopia's products from industrial parks. Expulsion from the African Growth and Opportunity Act (AGOA) due to the war in the North resulted in Ethiopia being expelled from the preferential trade act. Most companies choosing to rent sheds within the industrial parks do so out of a desire to access the duty-free privileges provided for African countries. Ethiopia's expulsion has resulted in a 24pc decline in the exports from the industrial parks this year. The r...


May 27 , 2023

PRICY PLEASURES

Vendors put traditional beauty products from the Somali regional state for sale around Mexico. In November of last year, the Ministry of Finance banned imported goods under 38 categories, including cosmetics, packed foods, and furniture, from accessing letters of credit. The move resulted in the tripling of costs for cosmetic items like lipstick and nail polish. As Ethiopia ran a 14 billion dollar merchandise trade deficit last year due to import bills hiking by 26pc , a tight clampdown on foreign currency access has become its modus operandi. The Finance Minister recently indicated that budge...


May 27 , 2023

Climate Change Conference Stipulates for Resillience

A conference focused on agro-innovation to improve the livelihoods and resilience of smallholders in the face of a changing climate was held last week. It included topics such as Ethiopia's integrated national Ag-Data hub, user-centric bundled climate information services, better real-time forecasts, climate-smart fodder and feed innovations, inclusive climate-smart small ruminants innovations, climate-smart landscapes, and climate education for tackling the climate crisis. According to Dr Dawit Solomon, the program leader for the AICCRA project in East and Southern Africa, the project h...

May 27 , 2023

Coca-cola Shifts Gear to Economic Inclusivity

Coca-Cola Beverages Africa(CCBA) facilitates a training program for a group of 50 hearing-impaired youth and women to learn the art of bamboo craft. This initiative motif, "signs of success,"  is part of the CCBAs economic inclusivity program to create sustainable income for the physically impaired through vocational training. The trainees received three months of training in collaboration with the Association for the Rehabilitation of Girls. Daryl Wilson, CCBA managing director, states the need to create shared opportunities for vulnerable sections of society to elevate their living...

May 27 , 2023

Ministry Endeavours to Privatise Sugar Enterprises

The Ministry of Finance and Ethiopian Investment Holdings have invited interested bidders to submit proposals for privatising eight state-owned sugar enterprises that were hitherto managed by the investment Holding. Officials are adamant that issuing PFR will demonstrate the government's commitment to a competitive and liberalised market structure. The PFR issued a couple of days comprehends bid submission procedures, detailed information about the manner of assessments, the scope of privatisation, and evaluation criteria. In 2020, the ministry attempted to transfer state-owned enterp...


May 27 , 2023

Ukrainian Foreign Policy Eyes Africa

A bilateral Trade Commission between Ethiopia and Ukraine may see the light of day, Ukrainian Foreign Minister Dmytro Kuleba revealed.  He met Prime Minister Abiy Ahmed last week with the aim of lobbying for "mutual respect, interest and benefit". He cited pharmaceutical advancements, agricultural products, digital infrastructure and cyber security as areas of strength Ethiopia could benefit from Ukraine. The Minister is the first diplomat from Ukraine to visit Ethiopia. He said the current administration led by Volodymyr Zelenskyy wished to "reinvigorate" a relationship citing that...

May 27 , 2023

French Funded GI Project to Boost the County's Exports

A 400,000 euros GI(Geographical Indication) project funded by the Agence Francaise de Development fund was availed to stakeholders on Tuesday at the Inter-Luxury Hotel. The project will create Geographical Indications for Origin-linked Products in Ethiopia (GOPE) to boost Ethiopia's largest export, coffee which accounted for 43.7pc of exports this year. The Head of the Ethiopian Coffee and Tea Authority, Adugna Debela (PHD), believes that GIs coupled with more funding will significantly boost the country's exports in the long run. Former Director General of the Ethiopian Intellectual...


Radar

May 27 , 2023

Capital's Agro-food, Plaster Pack Expo Anticipates Diverse Traders

A three-day expo organised by the German company Fair Trade in partnership with local firm Prana Events is centred on agro-processing and plaster packing. The upcoming exhibition at Millennium Hall...

May 27 , 2023

University Autonomy Proclamation Endorsed by Parliament

The proposed proclamation on autonomous administration of universities was approved by the House of People's Representatives (HOPR) with only 4 opposing votes and 13 abstentions. The new scheme is...

May 27 , 2023

Digital Transactions to Repose the Construction Industry

The Ministry of Trade and Regional Integration (MoTRI) revealed its intentions to digitise cement transactions, with groundwork underway to create a favourable environment for the implementation of th...

May 20 , 2023

Coffee Export Revenue on a Downward Trajectory

Export earnings from coffee have declined by close to 32pc from last year, with exporters unable to keep up with the loss and looking to turn a corner. According to the statement from Sofia Kassa ...

May 20 , 2023

Ministerial Forum Cites Stymies of Construction Investment

Hundreds of international and local exhibitors, 600 industry players and 19,0000 visitors gathered to attend the three-day Exhibition held at the Millennium Hall last week. A ministerial forum betw...

May 20 , 2023

Geographical Indicators Promising Brand Recognition

A sign used on products with a specific geographical origin that translates to qualities or a reputation was presented as a viable tool for enhancing brand recognition and garnering higher profit for...

May 20 , 2023

Ahadu Bank Enter the Digital Financing Market

Ahadu Bank partners with financial technology service providers to develop digital payment gateways. The Bank sealed a partnership agreement with Chapa and Trusted Tech financial technology compani...

May 20 , 2023

Tech Innovation Competition Comes to Life

A project that aims to energise the business community launched a competition to spotlight young startups with innovative ideas last week. It strives to register over 1,800 people from Addis Abeba...

May 20 , 2023

Veteran, Novice Financial Institutions Forge Alliance

An alliance that aims to transfer knowledge and enhance domestic capacity in fintech was made between Hibret and ZamZam banks. According to Melaku Kebede, president of Hibret Bank, such kind of par...

May 13 , 2023

Ethipia Strives to Liberalise Continental Air Transport Market

Africa accounts for one percent of the global air service market, despite 23 years since the Yamoussoukro Decision that called for full liberalization of intra-African air transport services regarding...

May 13 , 2023

Telebirr Surpasses 1b Br Mark in Digital Fuel Payment

Over one billion Birr fuel transactions have been made through Telebirr since the mandatory cashless transaction began two weeks ago. The Ministry of Trade & Regional Integration has announced...

May 13 , 2023

UNOCHA Suspends Food Aid Distribution Pending Invesigations

A temporary pause of food dispatch and distributions in the Tigray Regional State has been decided in response to the reports of its diversion to the local market, according to the United Nations Offi...

May 13 , 2023

Suspected Outbreak Grips Afar Regional State

Over 1,000 suspected Dengue cases in Mile and Adar towns of Afar Regional State have been estimated in late April. Emerging phenomena in the region include a Dengue Fever outbreak, which requires a...

May 13 , 2023

Industry Players Counter the Chambers' Proposed Reform

The national and city chambers and sectoral associations pleaded their case on the proposed amendment of the bill for their re-establishment which has been in the making for the past three years. T...

May 13 , 2023

Transport Associations Bewildered Amid Reestablishment

Reestablishing transport associations under commercial entities has created confusion among the associations over the implementation. The Ministry of Transport & Logistics put forth a proclamat...

May 6 , 2023

KALEIDOSCOPIC POLAROIDS

Youth draped in colourful embroidery marched the streets of the Arat Kilo area during Patriots' Day celebrations. The day commemorates the victory of Ethiopians over Italian forces for the second time...


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Banks Ride the Waves of Change Grappling with Growth, Risk

Tauted as a somnolent giant, Ethiopia's financial scene now stirs, roused by favourable de...

Editorial | May 27 , 2023

Persistent Price Increase Strangles Holiday Consumers

Abdulkarim Murad, 23, vehemently bargains the price of sandals with the vibrant vendor tha...

Featured | Apr 22 , 2023 . By BEMNET TAFESSE

Moving Woes

In the bustling streets of Addis Abeba, an undercurrent of unease shadows the necessary ac...

Agenda | May 27 , 2023 . By BEMNET TAFESSE

ZEMEN`S SKYWARD AMBITION

In a triumph over the trials of the pandemic, a rising tide of construction costs and infl...

Fortune News | May 27 , 2023