Raw Materials Shortage Remains a Challenge: Report

Sep 27 , 2020

A new report that was unveiled by the Federal Small & Medium Scale Manufacturing Development Agency shows that 43pc of operational industries face shortages of raw materials. The assessment also shows that 20pc and 16pc of the industries face a lack of space for production and access to finance, respectively. The Agency's assessment covered 82 companies from the 10 districts in the capital and seven towns in Oromia Regional State. About 19 public offices were also included in the assessment, which was made on industries that are operational and are in the establishment process. Out of new industries that are in the pre-operational stage, 38pc of them face issues getting space for production, while 18pc and 15pc face a shortage of electric supply and access to finance, respectively.


Geda Special Economic Zone Receives Prospective Tenants

East African Holding and Ethio-Chicken have been shortlisted to invest in the Geda Special Economic Zone(GSEZ), located in the tri-state area shared by Mojo, Adama, and Shashemene cities within the Oromia Regional State. The two companies were selected from 120 investors who showed interest in acquiring space in one of the largest SEZs in Africa. Close to 404hct of land has already been developed in the expansive economic zone, out of a potential 24,000 hectares, with lease prices set between...


Standard Institute Revamps Fees, Board Restructuring

The Ethiopian Standards Institute (ESI) is set to introduce fees for standards sticker, establish a new governing board, and address collaboration with other regulatory bodies. The Institute plans to strengthen its financial standing by charging fees for standards and product certification services to support its operations and annual budget. A key change involves replacing the current Council of Standards with an 11-member Board of Directors. The Minister of Trade & Regional Integration...


Safaricom Ethiopia Rolls Out its Network to Tigray

With 125 self-built towers, Safaricom Ethiopia has launched its operations in the Tigray Regional State. Executives disclosed plans to invest in an additional 166 towers and expand their reach to the remaining towns. "This is the most exciting milestone in Tigray since the return of social services," said Getachew Reda, president of the Interim Regional State Administration. In July 2021, the consortium-backed telecom giant entered Ethiopia's market, historically dominated by state-owned E...