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ROZY DEALS


ROZY DEALS

Vendors around the Mebrat Hail area sell plastic imitations of the ‘Adey Abeba”, a flower tied to New Year celebrations in Ethiopian history. Bidens Macroptera as it is called in scientific circles is native to Ethiopia and blooms in September intimately tied to the celebrations of the new year which occur in the same month. While flower exports have grown by an average of 18pc across the past five years, the industry which employs around 57,000 people has been associated with labor rights violations. Flower exports have generated over 600 million dollars this year as Ethiopia becomes the fifth largest producer in the world largely owing to its favorable agro-ecology.

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Radar

Federal Prosecutors Accuse Public Officials, Contractors of Corruption, Alleged Illicit Fund Transfers

Federal prosecutors have filed corruption and money laundering charges against 11 defendants, including Nigstu Bogale, Coordinator of the Development Project for Response to the Impact of Refugees in the Horn of Africa at the Ministry of Agriculture, Biniyam Fantaye and Taye Habte, senior irrigation engineers involved in the Development Response to Displacement Impacts Project (DRDIP-II), as well as private individuals and construction company representatives. The case alleges losses and illicit...


Radar

EIH Transitions to New Headquarters as It Oversees Major State-Owned Enterprises

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Radar

Import Substitution Push Lifts Domestic Manufacturing, Industrial Recovery

A push for import substitution and industrial expansion has prioritised 96 strategic products for local manufacturing. The “Ethiopia Tamirt” initiative reports 4.85 billion dollars in savings, supported by trade fairs linking local producers to domestic and international markets. On average, 700 new projects enter the market annually, contributing to more than 2,800 investments over four years. At the grassroots level, 18,000 SMEs have been established, while 993 dormant factories have...