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

Capital Market Authority Extends Public Company Registration Deadline, Warns Against Unlicensed Investment Bank

Ethiopian Capital Market Authority (ECMA) has granted a final one-month extension for publicly held companies to register, setting the new deadline for April 9, 2025. The extension applies specifically to companies with over 50 shareholders, who are required to submit comprehensive documentation across all industries. Mandatory details include the total number of shareholders, the total number of shares issued, fully paid shares, subscribed shares, and the value of shares on the reporting dat...


Radar

State Corps Post Growth Eyeing Innovation, Market Expansion

The Ethiopian Insurance Corporation (EIC) generated 9.34 billion Br in written gross premiums, marking a considerable 51.7pc increase compared to the same period last year. The Corporation's profit reached 1.2 billion Br, exceeding its planned target by 15pc and increasing by 62.7pc from last year's corresponding period. Executives of Ethiopian Investment Holdings (EIH), Ethiopia's sovereign fund that owns state enterprises, commended EIC for its achievements and provided strategic guidance t...


Radar

Ethiopian Airlines, AfDB Forge Partnership for Bishoftu International Airport Project

The Ethiopian Airlines Group has signed a letter of intent with the African Development Bank (AfDB) to launch a partnership for the ambitious Bishoftu International Airport Project. Mesfin Tasew, CEO of Ethiopian Airlines, and Nnenna Nwabufo, vice president of Regional Development, Integration & Strategy at AfDB signed the agreement. The two officials expressed their intent to consolidate the existing partnership through strategic and innovative engagements to benefit Ethiopia and the wid...