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Ethiopian Leather Industry PLC (ELICO) is planning to start export of shoes to European and American markets upon completion and commencement of operation of its shoe making plant at the end of the coming month.

Ethiopian Leather Industry PLC has been exporting processed leather materials and produce bags, clothes and other leather made accessories.

Van der Ploeg International BV, a Dutch company, has won a tender floated by the Ethiopian Agriculture Growth Project (AGP) to supply pregnant heifers to Ethiopia. The bid was opened on September 23, 2013, invited local and international bidders for the supply of bovine semen, bull, doses of hormone, Holsteins and parent poultry.

The bid attracted the interest of nine local and international bidders, however, only five bidders made an offer, including Van der Ploeg International BV.

The 17th yearly Addis Abeba Chamber of Commerce & Sectoral Association trade fair has witnessed unusually high turnout of foreign companies participating in the trade fair to exhibit there products, services and look for local representatives in Ethiopia. Participant are also searching for market in Ethiopia.

The trade fair, which will be concluded today, attracted a little more than 300 companies out of this 213  are foreign companies. Companies from Italy contribute the largest share of foreign participants with 58 companies exhibiting there products and services. Turkish companies are also paying attention to the fair with the participation of 28  companies this year. Add a comment Add a comment

The National Bank of Ethiopia (NBE), the country's central bank is drawing up a policy framework and drafting a directive which will regulate micro insurance business in Ethiopia. Micro-insurance targets low income people  without access to the mainstream insurance services – is still at its earliest stage in Ethiopia.

Insurance companies have been giving micro insurance services as early as 2011 through international financing from organizations like International Labor Organization (ILO) and Milliman Consulting targeting crop, livestock and life insurance services.