Tigray Regional State Gears Up to Host a Trade Bazaar

Apr 24 , 2023


[ssba-buttons]

A month-long travelling bazaar that aims to stimulate trade activities in the Tigray Regional State will commence in Wukro, Adigrat, Maychew and Mekelle towns next week. It aims to supply commodities to the consumer and is expected to host a panel discussion on the prospective actions that need to be taken to improve security issues and trade relations with the remaining regional states. Cooperative unions and manufacturers from all parts of Ethiopia are expected to take part in the event dubbed 'Peace Tigray Travel Bazaar'. The bazaar comes following the discussion between officials at the Ministry of Trade & Regional Integration (MoTRI) and the interim regional administration three weeks ago. Basic consumer goods supply, fuel subsidies application, online registration of trade licenses and identifying trade-related areas in need of assistance were plans undertaken by the officials during their meeting. According to Teshale Belihu, state minister of the Ministry, foods and hygienic materials are the major products that will be showcased at the travel bazaar mainly targeted to ease the market tension created due to the supply disruption. Officials hope the bazaar will play a vital role to bring back the business activities hybernated for nearly two years following the outbreak of the northern war.


Radar

Ethiopia, IFAD Sign 69.2m Dollar Deal to Promote Lowland Resilience

The Ethiopian Government and the International Fund for Agricultural Development (IFAD) have signed a 69.2 million dollar grant agreement to implement Phase II of the Lowland Livelihoods Resilience Project (LLRP II). The grant agreement was signed by Finance Minister Ahmed Shide and IFAD President Alvaro Lario. The project targets climate resilience and improved livelihoods for three million people in pastoral and agro-pastoral communities. Co-financed by the World Bank, LLRP II covers eight reg...


Radar

NBE Expands Diaspora Warning Over Unlicensed Remittance Firms

The National Bank of Ethiopia (NBE) has issued an expanded public warning targeting unlicensed remittance operators abroad, flagging four U.S.-based companies it says are undermining Ethiopia's financial regulations. The warning includes newly disclosed findings and specific cases that underscore growing concerns about illicit cross-border financial activity. Remittance flows remain a vital lifeline for Ethiopia's economy, supporting households and supplying critical foreign currency. But as...


Radar

Stricter Standards Unveiled for Public Auditors, Accounting Firms

The Accounting & Auditing Board of Ethiopia (AABE) has issued a new directive aimed at strengthening oversight and professional standards in the accounting and auditing sector. Grounded in the Financial Reporting Proclamation, the directive addresses long-standing regulatory gaps while preparing the sector for the country's emerging capital market. Key provisions introduce stricter licensing standards for public auditors, professionals permitted to audit public interest entities. Applican...