Hide and skin prices saw an increase of 25% in Ethiopia last month. The price of hide and skin normally lowered or remained the same during holiday seasons but that has not been the case this year said the Leather Industry Development Institute in Ethiopia.
The recent increase in prices is related to the rise in new tannery production and the growth of the leather industry according to officials with the Ethiopian Leather Industries Association.
A high level study being conducted by various government institutions to form a new is new corporation in Ethiopia is near completion. The new corporation known as the Ethiopian Trade Enterprise will be a merger of three public enterprises: The Merchandise Wholesale and Import Trade Enterprise, The Procurement Services Enterprise and the Building Materials and Supplies Enterprise.
The study has been in progress for the past six months conducted by a committee made up of officials from various institutions such as the Ministry of Finance and Economic Development, Ministry of Trade, and the Ministry of Industry.
The committee, chaired by Neway Gebreab, Economic Advisor to the Prime Minister, is in the process of recruiting employees for the new corporation said a non-authorized source.
Hilton Addis Ababa has been honored with Ethiopia’s Leading Hotel 2017 awarded by World Travel awards for the fourth time since 2014. The award was presented at the prestigious and glittering red-carpet ceremony at Radisson Blu Hotel & Convention Centre, Kigali, Rwanda on 10 October 2017.
Hilton Worldwide is said to construct Hilton Resort and Spa in Hawassa, South Nations and Nationalities Peoples’ Regional State of Ethiopia with 42 USD million, according to Fana Broadcasting Corporate (FBC).
Hilton Worldwide is focusing on the travel and tourism sectors as part of its expansion in Africa said Christopher J. Nasseta, 
President and Chief Executive of Hilton Worldwide on a visit to Ethiopia.
The CEO held talks on the company’s expansion plans with Prime Minister Hailemariam Desalegn on his first visit to Ethiopia last week.
Hilton has been in operation in Ethiopia for more than 50 years and the arrangement has been mutually beneficial to the hotel chain and to the country noted to Nasseta speaking to journalists after his meeting with the Prime Minister.
