The Ethiopian manufacturing sector is still far from being an engine of growth and economic transformation despite potential and assurances from various actors to the contrary. It plays a marginal role in employment creation, exports, and output. It is also short of stimulating domestic linkages and is dominated by small firms, resource-based industries, low-value and technology products, and weak inter-sectoral linkages.

Ever since 1945, when strategic planning for industrialization first begun, successive administrations have been unable to oversee the take-off of the nascent manufacturing sector. Notwithstanding micro-level problems, legacy issues including foreign currency shortages, electrical power interruptions, and sectoral linkages still linger. But now, adding salt to the wound is the current administration’s tinkering with tariff privileges for factories. Selome Getachew reviews the issue with input from Bamlak Fekadu.


Women have always shouldered social and economic burdens facing their families. Even though there are encouraging signs of more and more of them going to work and earning for themselves, the challenge of raising children is always present in slowing down any progress made, to the point of pushing women out of economic activities. In recent years in Ethiopia, women seem to have found a way of earning by traveling to Dubai and other places.

This line of business has been providing decent income for women and their kin, all the while contributing to their independence as these women plan, manage, and deliver through shuttle or travel commerce. A new tax directive seems to be existentialist, however. This and, to a lesser extent, the receding pandemic are challenging the ladies’ fight for economic self-sufficiency, writes Eden Teshome.


Dashen Bank and EagleLion System Technology signed a Memorandum of Understanding (MoU) to establish a new mobile app, DubePay. The collaboration has a mission to shift the financial sector ecosystem which mostly serves large enterprises and only 10Pct of households, leaving the remainder without credit.

The application allows a DubePay user of any commercial bank to purchase items on credit from suppliers and merchants enrolled on the platform, including flight tickets, home appliances, apparels, electronic equipment, and others. Therefore, it was announced that it will provide modern services by removing traditional credit services.

Buy-now-pay-later (BNPL) is a short-term consumer financing method allowing customers to buy items and pay for them in installments with minimal or no additional costs.

Users can review their accounts by simply logging into the DubePay app and granting access to their account using the credentials supplied by the bank when the account was created. Bersufikad Getachew, Techpreneur and Owner of EagleLion, is known for his disruptive innovations in areas including education, hospitality, travel, and banking. He stated that “the application is accessible for both iOS and Android users and in five different languages.”

Once signed up, users may see their credit amount, minimum monthly payment, payment due date, payment summary, credit increment request, payment alternatives, and other features. Merchants can collect receivable payments and analyze transaction history.


At the FINTEX Furniture and Interior Design Expo held at Ethiopian Skylight Hotel, Melaku Alebel, Minister of Industry, stated that Ethiopians consume 70Pct of locally-made furniture. However, the bulk of raw materials used to manufacture locally are still imported. The expo, hosted by Prana Events and African Trade-Fair Partners showcased furniture, interior and construction finishing products, technologies, machineries, raw materials, accessories, and services to visitors and prospective business clients.

It was also stated that Ethiopia spent over USD78 million on furniture imports, especially from Turkey, China, and Malaysia during the previous five years. Semi-processed goods and raw materials are particularly imported. Melaku stated that the government is working towards using the nation’s forestry riches to guarantee supply to furniture and interior design operators.

Large furniture manufacturers such as Nazra, Salma, and Waryt took part alongside handicraft and bamboo furniture makers.

Along with the exhibition, the Ethiopian Furniture Manufacturers Association hosted a Panel Discussion, which has been a success in previous years, and other technical and professional concerns for collaboration and coordination were discussed.


Eye Equipment Handover by Ethio Lease

Following the successful completion of a lease agreement, at an event hosted at the Hilton Hotel Addis Ababa on March 25, Ethio Lease, Ethiopia’s first privately held equipment leasing firm, transferred a state-of-the-art Ophthalmic microscope worth more than ETB5 million to WGGA Eye Center.

The transfer of the ophthalmic microscope is part of a series of high-tech medical equipment leasing agreements made by Ethio Lease with medical and diagnostic centers throughout the country. The equipment enables WGGA Eye Center to perform advanced vision correction treatments and procedures for eye diseases and disorders, as well as diagnostics and comprehensive eye examinations.

Ethio Lease has been providing leasing services to alleviate equipment shortages in the agriculture, healthcare, energy, and food processing industries, as well as some in manufacturing. Since its inception, the company has signed leases worth USD25 million over the past two years, in support of the private sector and the country’s development while supporting key sectors, including healthcare, with a variety of crucial and high-quality diagnostic medical equipment, in combination with a full-service warranty including spare parts and maintenance.

“Today’s transfer of this state-of-the-art ophthalmic microscope is realistic proof of the solutions our firm offers to the private sector,” said Mr. Degol Gossaye, CEO of Ethio Lease, during the transfer ceremony.

“Working with Ethio Lease helped us boost our productivity and enabled us to be more flexible and creative with our resources,” stated Dr. Melaku Megistu , General Manager of WGGA Medical Services PLC. The advantages of this type of collaboration, particularly in our context, are enormous, and it should be encouraged and supported. “We are thankful for our partnership.”


The Ethio Health Exhibition and Congress took place as Ethiopia’s largest multi-disciplinary healthcare professional development forum with anticipations to gather in excess of 3,000 medical and trade professionals. It also provided an ideal platform for stakeholders to discuss various issues across the entire health care value chain while also providing opportunities for professionals to advance their competencies.


The Board of Directors of Ethio Lease SC announced that it has appointed Degol Gossaye as CEO as of January 27, 2022. Degol joined the capital goods leasing company as Vice President of Business Development and Marketing in August 2019. His predecessor Fregenet will be appointed to the Board and will continue to assist Ethio Lease’s management as a senior advisor to the CEO.


Top Employers Institute has officially announced the 2022 regional Top Employers with the Chinese giant recognised as a Top Employer 2022 in Northern Africa Region. The survey covers 6 human resource domains consisting of 20 topics including People Strategy, Work Environment, Talent Acquisition, Learning, Well-being and Diversity & Inclusion and more.


Ethiopian Business Review was media partner of the 4th ET Real Estate & Home Expo. The event was held at the Hilton Hotel on January 1-2, 2022. The trade fair gave the opportunity to real estate developers and marketers to offer their products to potential home buyers.

Photo Credit: Samuel Habtab

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