FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




French Funded GI Project to Boost the County's Exports

May 27 , 2023


[ssba-buttons]

A brand creation based on geographical indication aimed at boosting export earnings was availed to stakeholders last week. Geographical Indication (GI) is a 400,000 euros project funded by the Agence Francaise de Development fund. The project is expected to focus on Origin-linked Products in Ethiopia (GOPE), particularly coffee which accounted for 43.7pc of exports this year. The project will be part of the GI support fund totalling 6.3 million euros in 11 African countries. The Head of the Ethiopian Coffee & Tea Authority, Adugna Debela (PhD), believes that GIs coupled with more funding will significantly impact the country's exports in the long run.   Former Director General of the Ethiopian Intellectual Property Authority, Ermias Hailemariam (PhD), noted the importance of creating an enabling legislative framework to establish GIs during an event held at the Inter-Luxury Hotel. Ermias who currently serves as a State Minister for Justice highlighted the unique characteristics of honey, spices, tea, and spirits that could potentially gain global recognition.  


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

Ethiopian Investment Holdings (EIH) is relocating its headquarters from its current site on General Wingate Street. The former headquarters was located behind the Ministry of Industry and near Abrehot Library. The new office is expected to be on Mozambique Street, along the route from Mexico Square to Bulgaria Road. The building belongs to one of EIH's subsidiaries, and all departments are set to move there as interior design and finishing works continue. Under the leadership of Brook Taye...


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...