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




Industries Forge Alliance to Recycle Water

Aug 14 , 2021


[ssba-buttons]

Bottling companies and industries involved in agri-businesses partners to form an alliance in a bid to recycle water that they use for their establishments. Supported by international organizations, including the Water Aid, the formation of the alliance was faclitated by the Ethiopian Bottled Water, Soft Drink, Fruit & Vegetable Manufacturing/Processing Industries Association. Funds collected for the alliance have so far reached 135,000 dollars, of which 35,000 dollars was collected from members and 100,000 dollars from P4G – Partnering for Green Growth and the Global Goals 2030. The Alliance is also reviewing proposals from interested parties that came up with ideas on how to use water efficiently in the industries where consumption of water is very high. Four proposals have been selected from a total of 360 collected since 2019. Setting  August 26, 2021, as the formation date, the Association of 120 manufacturers and supporting organisations are set to convene at the Hilton Hotel, and sign the alliance formation charter. After the formation, the alliance will form its management and be tasked with the assignment of registering as a civil society organisation.


Radar

Freight Forwarders Earn FIATA Diplomas as Sector Eyes Global Stage

The Ethiopian Freight Forwarders & Shipping Agents Association (EFFSAA) has graduated a new cohort of professionals from the internationally recognised FIATA Diploma Programme, bolstering efforts to strengthen Ethiopia's logistics and freight forwarding sector. EFFSAA President Dawit Wubshet (PhD) said the association has trained more than 495 professionals since launching the programme. He noted that EFFSAA is working with international partners to expand digital learning and introduce o...


Radar

Parliament Backs Italian, French Loans for Reform, Infrastructure

Parliament has ratified two loan agreements worth a combined 124.6 million euros with the governments of Italy and France, approving both proclamations unanimously during its second emergency session of the fifth parliamentary term. The larger agreement secures a 70 million euro loan from Italy to provide direct budget support for the government's economic reform agenda. The concessional financing carries a 30-year repayment period, including a 16-year grace period, with no interest or servic...


Radar

Ethio Re Seeks Capital Reset for Regional Expansion

Ethiopian Re-insurance Share Company (Ethio Re) is seeking a strategic capital adjustment to support its next growth phase as it marks a decade of operations. CEO Netsanet Lemessa said the company's capital has quadrupled over the past ten years but has declined in foreign currency value. Established in 2016 as the country's first indigenous reinsurer, Ethio Re has retained more than 90 million dollars in foreign exchange for the economy. Its assets have grown from 82 million Br to 5.3 billio...