The Ethiopian Industrial Inputs Development Enterprise (EIIDE), which was established four years ago, said the low performance of the manufacturing sector was attributable to its inefficient capacity. The manufacturing sector shows low performance mainly because of shortage of inputs supply.
Add a comment Add a commentPrime Minister Abiy Ahmed visited the Integrated Agro Industrial Park which is located in Central Eastern Oromia, Bulbula area and which is one of the four projects commissioned by the government. The Premier also visited the rural transformation center which is also being constructed in Shashemene, Oromia.
Add a comment Add a commentThe Federal Supreme Court is designing a new system which will set up mediation courts for civil disputes which will help in settling cases before they reach the regular courts. The legal framework is expected to come into force before the end of the current fiscal year.
The mediation courts, which will allow the disputants to settle their case within three months, will be established at the first instance and high court levels. The disputing parties will choose the mediators.
Source: Addis Fortune
Add a comment Add a commentA revenue of USD Eighty Two million was generated from coffee and tea exports in August achieving 87% of the goal. In August, Ethiopia exported 24,891 tons of coffee, tea and spices of which coffee accounts for the 23,694 tons export. Coffee export, which produced USD 80.61 million, also took the revenue’s majority share.
The income generated from the export of the three agricultural products in July was 15.3% and 1.58% higher in volume and value, respectively.
In the 2017/18 fiscal year, USD 2.8 billion was generated from exports, meeting only 54.1% of the government’s performance target. The International Monetary Fund said the country’s export performance could not fully cover its two-month import bill.
Source: Addis Fortune
Add a comment Add a commentThe Lagos based W Hospitality Group ranked Ethiopia as the leading country in hotel expansion in East Africa. Details of the survey will be discussed at the Africa Hotel Investment Forum (AHIF) which will be held n Nairobi in October.
The hotel development pipeline in Ethiopia is almost 50% up on last year’s strong figures, with Addis Ababa accounting for 86% of the total, almost 5,000 rooms in 25 hotels. Africa Business Communities reported that there were plans to expand the hotel industry to different cities such as Hawassa, Bahir-Dar, Bishoftu, and Gondar.
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