Latest Business Alerts

“Origin Africa”, a Textile Expo, to be held in Ethiopia

The African Cotton and Textile Industries Federation, (ACTIF) the voice of the textile industry in Africa, will hold “Origin Africa” — a four-day event showcasing the best in Africa fashion, textiles, and accessories — in Ethiopia. Its main objective is to put Africa on the map as a preferred place to do business in the international textile and apparel industry.

Now in its third year, Origin Africa 2012 – Ethiopia will feature one of the largest and most comprehensive trade expos in Africa, with more than 60 exhibitors from Africa, the U.S., Europe, India and China covering the entire fiber/textile/apparel supply chain as well as the home decor and fashion accessories sector. The Trade Expo is complemented by a world-class seminar series as well as the Origin Africa Designer Showcase, which features the best in African design talent. The event will roll out over 4 days from 24 – 27 April at the Sheraton Addis and the African Union Conference Center.

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Ethiopian to Export Wat

Mamma Fresh Injera plc, Ethiopia has finalized preparations to export frozen Wat said Hailu Tessema, General Manager of the company.

The company is planning to export frozen chicken Wat and sauces to be used in the preparation of different types of Ethiopian foods explained Hailu.

Mama has been given permission from the United States Food and Drug Authority to begin exporting its products to the United States market after the agency carried out its testing he explained.

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Inflation in Ethiopia Expected to Lessen to 10%

The inflation rate in Ethiopia is expected to decrease to less than 10% by November according to Ethiopian Prime Minister Meles Zenawi.

It is expected that the inflation rate will continue to decrease according to the trend seen in March and is projected to reach single digits by November said Meles.

The annual inflation rate in Ethiopia slowed to 32.5% in March from 35.3% in February according to the Central Statistics Agency.

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Ethiopian Enterprise to Relocate Abattoir

The Addis Ababa Abattoirs Enterprise, Ethiopia is planning to move the Kera abattoir from Kirkos District to a new plant in Akaki Kaliti District. The announcement was made last week inviting bidding for consultant services to undertake a feasibility study and operational planning study for relocation.

The bid document explains that the move is designed to facilitate the improvement and modernization of the slaughtering services offered by the abattoir to meet the growing demand.

The move anticipated for the past 15 years will be funded by a 900 million birr soft loan from the Agence Francaise de Developpement.

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Ethiopian Cotton Growers Call for a Designated Authority

Cotton growers in Ethiopia called for the establishment of a federal authority designated to address the industry at a consultative meeting with the representatives from the Ethiopian Institute of Agricultural Research and the ministries of Agriculture and Industry.

Their proposal was supported by representative from the textile factories, agriculture experts, entomologists, chemical and pesticide companies.

The need for a designated federal authority is due to complaints that the Ministry of Agriculture bureau designed to handle agriculture investment has been unable to address the issues affecting the industry.

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