2merkato

Sectors reserved solely for Ethiopians in the Ethiopian Logistics Industry such as packaging, forwarding and shipping agency services, were opened for foreign investors by the Ethiopian Investment Board. The Board’s decision opened the provision of bonded warehouse, consolidation and deconsolidation services and allowed joint venture participation of international logistics service providers holding up to 49% or less shares.

According to Ethiopian Investment Commission, the decision is notable in that it will enhance the supply of high-end logistics services while local companies obtain world class knowledge, skill, management, and systems by working together with globally reputed logistics service providers.

Source: Fana BC

The Federal Transportation Authority has announced that long distance bus services will be required to color code their vehicles as of the 10th of November. The vehicles will be coded according to their service level.

Bus Owners have been given enough time to paint their vehicles according to specifications said Birhane Zeru Deputy Chair of the Federal Cross Country Public Transport Associations Coalition. Many owners have already completed the process which will cost about 20,000 birr he said. 

Salasar Compounds plc, Indian owned manufacturer of plumbing fittings is to launch products. The company will be manufacturing cover faucets for bathrooms and kitchens under the Abay brand.

The plumbing fittings will be manufactured in three styles all with anti-rust qualities for use in all types of bathroom and kitchen faucets. The three styles have been labeled Classic, Diamond and Eco.

Salasar expects to have 20 products on the market within six months according to the company.

Five Ethiopian packaging manufacturers applied for quality certification to produce the standard boxes for flower exports. The standard packaging was established by the Ethiopian Conformity Assessment Enterprise.

The five companies requiring certification for the production of the packaging are Addis Ahadu packaging plc, Balaji Packaging plc, Burayu Development plc, DA packaging plc and Ethio pulp and paper SC.

The companies have presented sample boxes manufactured according to the specifications set and which are undergoing testing by the ECAE. The ECAE is expected to announce the results of the testing in two weeks time.

Ethiopian manufacturers and processors expressed their concern over the cheap and low quality goods imported from China.

Representatives of various Ethiopian businesses expressed their disappointment with poor quality of Chinese products that are currently flooding the market at a meeting with a Chinese business delegation of the International Trade Promotion Chamber of Commerce visiting Ethiopia.

A significant proportion of Chinese imports are of below the standards of quality established for the market noted the representatives at the meeting organized by the Ethiopian Chamber of Commerce and Sectoral Associations.