DSC_0803-1280x848.jpg

The 7th edition of Agrofood and Plastprintpack Ethiopia opened today at Millennium Hall, Addis Ababa, drawing 158 exhibitors from 16 countries, a clear signal of growing international interest in Ethiopia’s agro-industrial potential.

The launch ceremony welcomed prominent figures such as State Minister of Industry Hassen Mohammed, Brazilian Ambassador Jandyr Ferreira dos Santos, Turkish Ambassador Berk Baran, Prana Events Managing Director Nebeyu Lemma, and fairtrade Messe Managing Director Paul März.

Held alongside the Ethiopia Food Show and the Ethiopica Coffee Show, this year’s expo presents a rare convergence of food, agriculture, packaging, and coffee industry leaders. Participating countries include major exporters and industrial players such as Brazil, Germany, Türkiye, and the United Arab Emirates.

At the opening, State Minister of Industry Hassen emphasized that the expo “mirrors the transformation underway,” where agriculture is no longer confined to subsistence, but instead fuels industrial growth. “Innovation in farming and processing is now central to Ethiopia’s industrial agenda,” he said.

Ambassador Berk Baran of Türkiye echoed this shift, citing Ethiopia’s “transformative projects and consistent GDP growth” as catalysts attracting foreign direct investment, especially in food processing and packaging sectors.

Organized by fairtrade Messe with local partner Prana Events, the Expo enjoys active support from national and international ministries, authorities, and trade associations—and underscores Ethiopia’s drive toward economic diversification and industrial modernization. Nebeyu Lemma, Managing Director of Prana Events, noted that the event is “the outcome of shared ambition and belief in Ethiopia’s capacity to lead in agro-industry and coffee value addition.” He added that the plastics on display are not single-use, in compliance with the new proclamation that bans such products. “There’s a widespread misconception in Ethiopia that plastic itself is harmful, but that’s not the case. Plastic is part of everyday life, from household items to aircraft components. The real issue lies in how we manage plastic after it has been used,” he told EBR.


photo_2025-06-16_09-48-06.jpg

Ethiopian Airlines has signed a firm order for two DHC-6 Twin Otter Classic 300-G aircraft from Canadian manufacturer De Havilland Aircraft of Canada Limited, in a strategic move to enhance domestic connectivity across remote and underserved regions, Aerospace Global News reports.

This marks the introduction of the 300-G into Ethiopian Airlines’ fleet. Unlike larger jets that require long runways and major airports, these uniquely built aircraft can land on water and rugged strips, making them ideal for reaching isolated communities, especially those around Ethiopia’s Great Lakes region.

“This aircraft is perfectly aligned with our vision to improve domestic connectivity,” said Mesfin Tasew, Group CEO of Ethiopian Airlines. “Its ability to operate in challenging environments, paired with the enhancements of the latest 300-G version, supports our broader commitment to improving regional access and advancing socio-economic development across Ethiopia and beyond.”

The aircraft aren’t just for passengers. Ethiopian Airlines plans to use them for cargo delivery, medical evacuations, and emergency support, offering lifelines to areas that often lack reliable transport options. In a country where geography can be a barrier, this move reflects the airline’s growing role in connecting Ethiopians to each other not just to the rest of the world.

Ryan DeBrusk, Vice President of Sales and Marketing at De Havilland Canada, expressed pride in the partnership:

“We’re honored to welcome Ethiopian Airlines to the Twin Otter 300-G family. Their choice highlights how this aircraft can support tourism, regional connectivity, and local development in East Africa.”

The Twin Otter 300-G is the latest generation of a globally trusted aircraft, now enhanced with a modern Garmin G1000 NXi glass cockpit, better fuel efficiency, higher maximum takeoff weight, and lower maintenance needs. These upgrades make it both practical and cost-effective for rugged operations. 

 


photo-01.jpg

Ethiopian Airlines Group CEO Mesfin Tasew has been awarded the Girma Wake Lifetime Achievement Award, a distinguished recognition celebrating his far-reaching contributions to African aviation and route development.

The honor was conferred during the AviaDev Africa 2025 summit held in Zanzibar, which brought together more than 500 delegates from across the continent and beyond. The award is named after Girma Wake, a towering figure in African aviation and former CEO of Ethiopian Airlines, whose legacy continues to shape the industry.

Mesfin, who took the helm of Africa’s largest airline group during a period of post-pandemic recovery and sector-wide transformation, was recognized not only for his leadership at Ethiopian Airlines but also for his broader influence in advancing connectivity and operational excellence across Africa.

“This award carries deep personal meaning,” said Mesfin. “It’s named after my mentor and the father of African aviation, Girma Wake. More than a personal accolade, this is a tribute to the collective achievements of the Ethiopian Airlines team and our shared commitment to a better-connected Africa.”

Under Mesfin’s leadership, Ethiopian Airlines has solidified its role as a continental aviation powerhouse—expanding its network, investing in modern infrastructure, and driving regional integration through strategic partnerships. The airline continues to set benchmarks in operational performance, sustainability, and digital innovation in aviation.

The award highlights Mesfin’s enduring role in shaping policy, fostering cooperation among aviation stakeholders, and promoting the idea of air travel as a vehicle for economic growth and unity in Africa.

Hosted annually, AviaDev Africa serves as a critical platform for dialogue and collaboration among the continent’s aviation leaders. It facilitates route development by connecting airlines, airports, tourism boards, and government representatives, reinforcing aviation’s role as a driver of Africa’s development agenda.

 


RT.jpg

ArifPay, an Ethiopian fintech company, has announced the appointment of Rediet Tsigeberhan as its new Chief Executive Officer, replacing Bernard Laurendeau.

With over 15 years of expertise in technology and product development, Rediet brings a wealth of experience from executive roles such as Chief Technology Officer at Kifiya and Elnet Business Group, as well as Technology Delivery Director at Excellerent, one of Africa’s prominent technology outsourcing firms.

Since joining ArifPay in October 2022, Rediet has been instrumental in developing the company’s core digital payment platforms, which now underpin a significant share of its operations. He also spearheaded the creation of a high-performing product team focused on rapid innovation, customer-centric design, and scalable solutions.

As CEO, Rediet is poised to accelerate ArifPay’s growth by expanding its service offerings, launching new financial products, and strengthening partnerships and infrastructure to support Ethiopia’s vision of a digitally inclusive economy.

Bernard Laurendeau, who led ArifPay through a pivotal phase marked by the introduction of interoperable POS and mobile POS technologies, successfully doubled the company’s capital and established it as a key player in the country’s fintech landscape. Laurendeau’s tenure was defined by strategic innovation and strong leadership grounded in his extensive background in technology and business.

 


White-Minimalist-Economics-Headline-News-Instagram-Post-2025-06-18T145229.948.png

Ethiopia has become the second African country to hold an official diplomatic meeting with U.S. President Donald J. Trump since the start of his second administration, following in the footsteps of South Africa, whose president met with Trump in May.

According to a statement from the Ministry of Foreign Affairs, the meeting was described as a “formal diplomatic welcome”, reaffirming the long-standing bilateral ties between Ethiopia and the United States. “The meeting marks the beginning of many future discussions,” the Ministry noted, underscoring the “limitless” potential for strengthened cooperation in peace, security, and economic development.

Ambassador Benalf, who served previously as Ethiopia’s Minister of Peace, was appointed as Special Envoy and Full-Plenipotentiary Ambassador to the United States in November 2024.

The meeting comes on the heels of a Washington Post report indicating that Ethiopia is among 36 countries under review for new U.S. travel restrictions. Citing an internal memo signed by Secretary Rubio, the report said countries have been given a 60-day window to meet specific benchmarks or risk facing partial or full travel bans.

Concerns outlined in the memo include visa overstays, unreliable identity documentation, and the absence of a “competent or cooperative” central authority. Ethiopia was listed alongside 24 other African nations, prompting criticism that the proposed restrictions could disproportionately affect the continent.

 


White-Minimalist-Economics-Headline-News-Instagram-Post-2025-06-18T135130.199.png

Ethiopia ranked fifth among African nations importing U.S. goods in 2024, with an import worth of USD 1.016 billion, according to the latest data from the United States Census Bureau. 

Ethiopia followed Egypt (USD6.89 billion), South Africa (USD5.8 billion), Morocco (USD5.2 billion), and Nigeria (USD4.1 billion) in total value of imports. It remained one of only six African countries to exceed the USD1 billion mark, ahead of nations such as Algeria and Ghana.

Despite a year-over-year decrease of about USD202.7 million from 2023’s total of USD1.218 billion, Ethiopia’s strong position in the rankings highlights the depth of its commercial ties with the U.S.

While the Census Bureau’s figures do not break down imports by sector, previous trends suggest that Ethiopia’s purchases often include aircraft components, machinery, medical technology, and agricultural equipment goods linked to infrastructure, healthcare, and economic modernization.

 


5f79a6defe837d721dd2e3b2dba041e1.png

Visa, a global digital payments platform, successfully concluded a comprehensive one-day training event in Addis Ababa, Ethiopia, aimed at strengthening risk management capabilities and enhancing operational excellence among its partners in the region.

The session brought together professionals from leading financial institutions, fintechs, and digital banking teams across the country. The training was designed to address the evolving challenges and opportunities in the digital payments ecosystem.

Yared Endale, Country Manager for Visa Ethiopia, highlighted the strategic importance of the initiative; “This training reflects Visa’s unwavering commitment to supporting Ethiopia’s financial ecosystem. By equipping our partners with the knowledge and tools to manage risk effectively, we are laying the groundwork for a more secure, resilient, and inclusive digital economy. As Ethiopia continues to embrace digital transformation, Visa remains committed to supporting the country’s financial institutions with secure, innovative, and forward-thinking solutions that drive sustainable growth.

The event was tailored specifically for digital banking professionals, particularly those working in risk, compliance, and operations. It also served as a platform for peer-to-peer learning, industry networking, and the exchange of best practices in a rapidly evolving financial landscape.

Basil Kithinji, Director of Risk for Visa East Africa, emphasized the broader impact of the session: “Risk management is not just a back-office function—it’s a strategic enabler of trust and growth in digital finance. Today’s training empowered our clients with practical insights and fostered collaboration across the ecosystem. We’re proud to be a trusted partner in their journey.”

Participants praised the session for its relevance, depth, and practical value, noting that the training provided actionable strategies they could immediately apply within their organizations.


White-Minimalist-Economics-Headline-News-Instagram-Post-2025-06-17T131322.767.png

Ethiopia has been ranked as the first expensive country to live in Africa, according to new global data from Numbeo, the world’s largest cost of living database. The report titled “Cost of Living Index by Country 2025” shows that, compared to other African countries, people in Ethiopia now spend more money on basic things like food, transportation, and dining.

Ethiopia is ranked 53rd in the world with cost of living index 46.5, higher than any other African country listed. The high cost of groceries is one of the main reasons for Ethiopia’s top ranking. This shows that it is becoming harder for people to afford their weekly shopping, especially for families living on fixed or low incomes.

Ethiopia’s position stands in contrast to other relatively high-ranking African nations on the cost-of-living scale. Botswana, Mozambique, Ivory Coast, Somalia, Cameroon, and Mauritius follow behind, with Zimbabwe trailing these countries. 

Although rent in Ethiopia is still relatively low compared to many parts of the world, the combined cost of rent and living expenses remains very high for most people. Eating at restaurants, transportation, and general services are all getting more expensive. The transportation index shows that traveling inside the country, whether for work or personal needs, is more costly than in most other African countries.

These rising costs come during a time of economic change. Over the past year, Ethiopia has made big shifts in its economy such as adjusting its currency system and reducing government spending. While these changes are meant to help in the long term, they are causing short-term pain for many citizens. Prices have gone up, but salaries have not kept pace, which means that many people are struggling to afford the same standard of living they had a year or two ago.

For example, Numbeo estimates that a single person living in Addis Ababa would now need around USD800 per month (excluding rent) to cover basic living costs. A family of four would need more than USD2,700 per month. This is far above what most Ethiopian households actually earn.

This situation is affecting not only families but also small businesses. With fewer people able to spend money, many shops and restaurants are seeing fewer customers. Some companies are cutting jobs or closing down altogether. The pressure is felt most strongly in cities like Addis Ababa, where prices have risen faster than incomes.

 


White-Minimalist-Economics-Headline-News-Instagram-Post-2025-06-17T100156.982.png

 

The Addis Ababa City Administration Cabinet has proposed a substantial budget increase for the 2025/2026 fiscal year, submitting a draft budget of ETB 350 billion to the city council, as reported by Fana Media Corporation (FMC). This represents a major expansion compared to the approved ETB 230.39 billion budget for the current 2024/2025 fiscal year.

The current fiscal year’s budget already marked a significant 64% rise from the previous year, with capital expenditures accounting for nearly two-thirds of the total allocation. Priorities included infrastructure development, job creation, housing projects, and poverty alleviation initiatives designed to support the city’s rapidly growing population.

Building on this foundation, the newly proposed budget allocates approximately 249.9 percent of its resources to critical sectors such as sustainable development, infrastructure expansion, poverty reduction, job creation, and subsidies for essential public services. The remaining ETB 100.1 billion is reserved for the city’s regular operational costs, managed with a strong emphasis on fiscal discipline and savings.

In parallel, the cabinet approved revisions to land lease bid prices following recommendations from the Land Development and Administration Bureau. The city’s Communication Bureau explained to the FMC that this adjustment is in response to improved infrastructure within corridor development zones, stable land prices, and future urban expansion requirements.

 


White-Minimalist-Economics-Headline-News-Instagram-Post-2025-06-17T091250.709.png

Ethiopian Airlines, Africa’s largest and most profitable carrier, has officially commenced passenger flights to Hyderabad, India, marking its fifth destination in the country.

The inaugural flight ceremony, was attended by Ethiopian Airlines Group CEO Mesfin Tasew, Indian Ambassador to Ethiopia Shri Anil Kumar Rai, and other high-ranking officials from both nations.

Speaking at the event, the group CEO emphasized that the new route enhances connectivity not only between Ethiopia and India but also provides broader access to the African continent through Ethiopian’s extensive network of over 140 international destinations.

Ambassador Rai underscored the strategic importance of Hyderabad, calling it a “key commercial and innovation hub in India,” and welcomed the direct air link as a catalyst for deeper bilateral engagement across sectors.

The new route strengthens Ethiopian Airlines’ presence in the Indian subcontinent, joining its existing services to New Delhi, Mumbai, Bengaluru, and Chennai.

Hyderabad, the capital of India’s Telangana state, is a major economic and cultural hub known for its thriving information technology, biotechnology, and pharmaceutical industries. Often called “Cyberabad,” the city hosts global tech giants like Microsoft, Google, and Amazon, and is home to Genome Valley, a leading biotech cluster. Its Rajiv Gandhi International Airport is among the top-ranked in Asia, serving as a strategic gateway to southern India. With a rich historical legacy and a growing reputation in medical tourism and education, Hyderabad plays a pivotal role in connecting India to global markets—making it a valuable addition to Ethiopian Airlines’ expanding network.

This development comes just two weeks after the airline launched its new route to Sharjah in the United Arab Emirates, now its second destination in the UAE after Dubai. The move underscores Ethiopian’s strategic commitment to route diversification and global network growth, aligned with its Vision 2035 strategy.

 




Ethiopian Business Review | EBR is a first-class and high-quality monthly business magazine offering enlightenment to readers and a platform for partners.



2Q69+2MM, Jomo Kenyatta St, Addis Ababa

Tsehay Messay Building

Contact Us

+251 961 41 41 41