SMART FASHION


SMART FASHION

Fashion meets technology at a catwalk show at the Hyatt Regency with Tecno Mobile and Mafi Design partnering up. While the fashion industry has room for improvement, handmade traditional textile is a common pastime of Ethiopians. Textile has also been a staple of Ethiopian exports accounting for up to 90pc of output from industrial parks until the country was kicked out of the African Growth & Opportunity Act (AGOA) which entails duty-free access to the US market. It is set to expire in 2025, with producers having to look for other markets. Ethiopian exports have fallen by double digits this year as the international price of coffee plummets by up to 35pc through the year.  


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Ethiopian Seafarers Contribute $50m Annually in Remittances

Ethiopian Maritime Authority disclosed 50 million dollars in annual remittances from seafarers deployed internationally. Abdulber Shemsu, the director general of the Authority, said Ethiopia's membership in the International Maritime Organisation (IMO), establishes global standards and guidelines for safe, secure, and environmentally sustainable shipping practices. With 176 member countries and three associate member countries, including Ethiopia, the IMO provides a framework for ensuring...


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AfDB Launches $1.5m Initiative to Propel Agro-Industrial Parks

A 1.5 million dollar initiative for the development of three Agro-industrial parks was commenced last week. Financed by the African Development Bank (AfDB), the project includes feasibility studies, a master plan, and an environmental and social impact assessment. The Phase Two project, which includes capacity building for stakeholders, was initiated last week with an agreement between Semereta Sewasew, state minister for Finance and Gunther Beger, managing director of UNIDO. Semereta said...


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Cabinet Approves Public Service Legislation

Council of Ministers has unanimously approved the legislation that aims to raise the competency and professionalism of public service in the country. The Federal Civil Servants Proclamation is pending ratification from Parliament. The decision was made during the 30th meeting of the Cabinet last week, which follows the ratification of the public service and administrative policy. Currently, the 176 federal agencies within 22 ministries, collectively employ around two million people. The polic...


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