ECCSA offers its heartfelt condolences to all Ethiopians on the passing of Wubeshet Workalemahu
It is with deep sadness that we, Ethiopian chamber of Commerce and Sectoral Associations (ECCSA) Board of Directors, Management members & staffs, share the passing of Wubshet Workalemahu, whose successful life has been manifest by an active development in private venture and public Diplomacy service, including serving as ECCSA’s President.
Wubshet Workalemahu has performed various private Sector related duties throughout the country in different capacities for many years.
On behalf of Ethiopian Private Sector, we were deeply saddened to learn of the death of Wubeshet Workalemahu.
Wobeshet rendered his service to people and country through his knowledge and experience with an exceptional sense of service and determination, making him a role model for many in different walks of life.
ECCSA offers its heartfelt condolences to all Ethiopians on the passing of Wubeshet Workalemahu.
S.G. Welcomes Belgian Ambassador
Secretary General (S.G.) Yesuf Ademnur of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) had a business talk on 25 February 2020 at his office with Francois Dumont, Ambassador of Belgium to Ethiopia and his team Eric SANTKIN, Trade and Investment Commissioner.
In their meetings, they discussed on facilitating cooperation between their respective private sector operators.
Ambassador Dumont expressed the interest on their side stating that they want to make a multi sectoral mission here in Addis focusing on business-to-business meetings between Belgian and Ethiopian companies operating especially in textile, agro-flora, renewable energy, steel, pharmaceutical manufacturing and logistics, etc.
They also want to cooperate with ECCSA in their endeavor to develop Ethiopian small businesses through the creation of industry-university linkage as SMEs are basis for big industries, said the Ambassador.
Welcoming the Ambassador’s interest, Yesuf of ECCSA forwarded a short brief about the Chamber’s activity. He also stated the capacity and demand on the side of Ethiopia.
According to his statement, Ethiopia warmly invites FDI to accelerate the ongoing economic growth seen over the last years and the cooperation of the two businesses is vital.
Finally, they agreed to facilitate a forthcoming business event between their respective companies. It was learnt that there is a plan of bringing about 50 Belgian companies on the mission.
ECCSA Receives Sri Lankan Delegation
Melaku Ezezew (Eng.), President of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), along with the secretariat, received on 19 February 2020 Sugeeshwara Gunaratna, Sri Lankan Ambassador to Ethiopia, and his colleague Sumith Dassanayake, former Ambassador, to discuss on ways of maximizing economic ties between the respective business communities of the two countries.
Having appreciated the Ethiopia-Sri Lanka business forum hosted here in Addis last year in November, the officials discussed on progressive business networks.
Following the event, said the Ambassador, lots of Sri Lankan companies made inquiries of making business meetings with their Ethiopian counterparts in late March this year, citing a prominent Sri Lankan construction company as an instance, in order that they would be able to work in partnership.
Warmly accepting the request, President Melaku reflected the interest on Ethiopian side stating that there is a vital need of investment prominently in machinery produce so as to minimize the existing import-export gap and foreign currency scarcity; any network between countries should be on a win-win platform if both sides have to benefit, the President added.
According to the Ambassador’s statement, there was also an inquiry from Sri Lankan businesses that Ethiopian trade mission would make a business visit too and the two sides discussed upon the issue.
A number of Sri Lankan companies have also begun manufacturing, mainly in the garment sector at the Hawassa Industrial Park and are now looking at expanding trade opportunities, as was learnt.
ITME Africa 2020 Officially Opened
The inauguration of the International Textile Machinery and Engineering Exhibition (ITME-Africa 2020) which is going to stay for three days long was officially opened on 14 February 2020 at the Millennium Hall here in Addis at the presence of senior government dignitaries from India and Ethiopia, business representatives from various countries and company owners.
This huge and remarkable event was organized by Indian ITME Society in partnership with the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) under the theme: “Prosperity for Africa through Textile Technology” with view to initiate a revolution in technology up gradation entrepreneurship and investments in textiles across the region and beyond. It was also reported that the event anticipates being instrumental in establishing Africa’s textile footprints prominently across the globe.
Mr. S.Hari Shankar, Chairman of India ITME Society in his introductory speech said that through a series of such a textile exhibition, the engineering and textile industry technology hopes to bring technology and innovation to Africa as Africa represents the next trade frontier
In his welcoming address, Melaku Ezezew (Eng.), President of ECCSA stated that the business relation of the business communities of both countries should not only be to enhance the existing relation but also to reserve Indian and Ethiopian commercial legacy two millennia long.
Due to low productivity, limited quality awareness and ineffective and inefficient management structures and limitations of skills training, Ethiopian textile is said still not in a position to compete in the international market, said the President. This exhibition is hopefully expected to bring about a better experience and knowledge from the various cultures that can fill the gap, he added.
Addressing on the event, Teka Gebreyesus, State Minister of Ethiopian Ministry of Trade and Industry also forwarded his impression of the event being organized in his country saying that it would bring a promising and favorable development podium to the regional, national and private sector growth in textile technology.
Pointing out that India is 4th trading partner of Africa, H.E. Ms. Dorothy Tembo, Executive Director, International Trade Centre, UN, Geneva, explained that the synergy in textile and other developments is very important because growth in economy is all about improving the lives of African people.
India’s total trade with Ethiopia stood at 1.27 billion in 2017-18, out of which India’s export to Ethiopia were 1.22 billion USD and imports were 45 million USD, according to the National Bank of Ethiopia annual report.
India is the 2nd largest investment partner of Ethiopia with approved investment of more than 4 billion USD, it was learnt.
More than 100 exhibitors from 15 African, Asian and European countries showcased their products. The next two days are said to be reserved for Technology seminar, B2B meetings, financial solutions, Cultural program and networking dinner to facilitate maximum opportunity for participants.
ECCSA-CCA: Bilateral Talk on Business Collaboration
The Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) and Corporate Council on Africa (CCA) forwarded their respective interest of working together in business sector.
ECCSA and the CCA exchanged their ideas during the Council’s visit to the Chamber on 10 February 2020.
Melaku Ezezew (Eng.), President, Yesuf Ademnur, Secretary General (SG) and Wubie Mengistu, D/Secretary General (DSG) of ECCSA received Florizelle Liser, President and CEO of CCA and her colleague, Asfaw Alemayehu, Managing Director of GAZEBO INTERNATIONAL at SG’s office.
Speaking about ECCSA’s duties, Yesuf stated the Chamber’s responsibility of carrying out the activity of advocacy representing the private sector, providing capacity building and trade and investment promotion activities. ECCSA and CCA can create partnership with view of addressing these issues, he recommended.
Liser on her part said, CCA is the leading U.S. business association focused solely on connecting business interests between the United States and Africa and wants to strengthen the existing relation between the US and Africa in trade and investment.
According to Liser, CCA works in the energy, banking, IT, health sector and financial services and other various sectors and it is her Council’s interest to collaborate with the Chamber so that their respective member companies would work in partnership in those areas for their mutual benefit.
CCA also provides, said the CEO, access the private sector to African governments, connections between the private sector through the hosting of events and insights by preparing newsletters that the US and African businesses need in order to be successful to invest in the continent. All the events hosted by CCA bring together government and private sector in US and Africa because they are key stakeholders in supporting trade and investment, she added.
CCA will organize business summit in June this year in Marrakesh, Morocco and the Council would love to collaborate with the Chamber to bring businesses to join about 2000 US and African businesses and senior government officials, the CEO said.
The CCA has also plan of bringing trade mission late this year with view to create partnership between their respective businesses and of hosting events focusing on investing in Ethiopia, according to the CEO.
Warmly welcoming the interest of CCA, ECCSA president also underlined the need to collaborate and networking. Melaku explained the interest on the side of Ethiopian private sector to cooperate with the US’s as they have a lot to give especially in technology transfer.
Ethiopia has comparative advantage in agriculture and livestock but needs technology and knowledge and the collaboration is a good opportunity for Ethiopian private sector, said the president
Finally they talked about updating the MoU they have signed during the summit in 2016.
ECCSA-CACB: Sign Business Collaboration Agreement
The Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) and Canada-Africa Chamber of Business (CACB) agreed on 9th of February 2020 at HYATT REGENCY here in Addis to work in collaboration with view to promote, support and facilitate bilateral trade and investment opportunities between Ethiopia and Canada.
The MoU is intended to open the gate for ECCSA and CACB to set a platform for their respective members to explore events and exchange business information. It also provides opportunity for ECCSA members to be worthy of the privilege of membership in CACB which is supposed to ensure Ethiopian businesses are well-positioned in the Canadian market for investment and trade.
The Memorandum of Understanding (MoU) was thereby signed between the signatories: Melaku Ezezew (Eng.), president of ECCSA and Garreth Bloor, President of CACB on the presence of H.E. Nasise Challi, Ambassador Extraordinary and Plenipotentiary of Ethiopia to Canada, the Guest of Honor, THE HONORABLE MARY NG, Minister of Small Business, Export Promotion and International Trade in Canada, delegates representing 16 Canadian companies and professional associations and Ethiopian business representatives.
The Canada-Africa Chamber of Business exists to accelerate trade, business and investment between Canada and Africa through world-class networking and information sharing opportunities.
ECCSA Receives Kenya Export Promotion & Branding Agency (Brand.KE) delegation
Yusuf Ademnur, Secretary General (SG) of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) and his Second, Wubie Mengistu, received on 3rd February 2020, a three-member Kenyan delegation from Kenya Export Promotion & Branding Agency (Brand.KE) headed by Austing Macheso, Manager, Export Market Development and Promotion at the S.G.s office.
The delegation made such a visit with a purpose of, said Macheso of Brand KE, facilitating a program of ‘injecting new blood’ to increase the existing trade between Ethiopia and Kenya.
Since the trade volume between the two countries over the past three years, with Kenya’s export to Ethiopia have been declining and Ethiopia’s export to Kenya have not been growing at a very fast rate, is very low, said Macheso, the program will help accelerate this so as to increase trading engagement between the two bordering neighbors and generate employment and improve social wellbeing of their respective people.
Ademnur, who offered a warm welcome to the delegation and provided a summary on ECCSA’s duties and responsibilities, accepted the partnership request of Brand KE as this will set a platform of cooperation between the businesses of both sides.
It was also discussed that Ethiopia and Kenya have signed a bilateral trade agreement in 2012 and ECCSA and Brand KE need to jointly work as it is needed that the agreement has to be laid firmly to the ground.
Recalling that the road network from Nairobi through Moyle to Addis Ababa is already completed, the two sides discussed on how to use the opportunity by jointly working to activate trade between their respective countries.
Kenya is just importing row horticulture produces, vegetables, maize and cereals and exporting some manufacturing products and consumer goods from and to Ethiopia and this partnership program between the businesses of the two countries is good opportunity to scale up cooperation and trade so as to trade high value products and goods, it was discussed.
Explaining as to why his institution decided to come up with this program, Austing Macheso said that they want to organize an exhibition here in Addis so that the business communities of both countries may exchange information and sign distributorship contract on either side so as to create more meaningful export trade.
The exhibition that has been temporarily planned to organize from April 12-26 (for two weeks’ time), will be expected to have three sessions: bazaar, b2b/b2c/b2g and a forum.
SG Receives Nigerian Delegation
Ato Yusuf Ademnur, Secretary General (SG) of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), had a formal talk on 29th of January 2020 at his office with 15 members of Nigerian business delegation headed by Dr. Henrietta Onwuegbuzie, Senior Lecturer, Entrepreneurship, and Lagos Business School.
According to Dr. Henrietta, one of the objectives of their visit is to get information about business and investment opportunities in Ethiopia. Since this Nigerian business delegation wants facts to expand their trade and investment in Ethiopia, they have visited Ethiopian Investment Commission and Ministry of Trade and Industry, she added. She also said that their program is also aimed at exposing the business delegation to business opportunities in various African countries and promote intra-African trade.
Yusuf on his part stated that any foreign investor is most welcome to Ethiopia which has immense trade and investment opportunities to be engaged in. He further stated the government specially incentives and encourages those investors who are interested to invest on the manufacturing sector that brings import substitution.
G.S Receives Shanghai Golden Consulting LLC Team
Ato Yusuf Ademnur, Secretary General (SG) of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) received a team headed by Mr. Kay Gabriel, CEO, Shanghai Golden Consulting LLC, on January 29, 2020 at his office.
Explaining the aim of the their visit Mr. kay said the team need to discuss on the Africa-China Economic, Trade and investment Cooperation Forum which will be held on March 25-26/ 2020 in Shanghai, China.
He also said that the Forum will provide a platform to connect African and Chinese business leaders, government officials, Chinese investors from government and private sectors, international business communities and representatives of government agencies and economic integration organizations from Africa and China. He has finally invited ECCSA and Ethiopian Companies to participate in the forum.
Ato Yusuf, on his part said this kind of big investment forum is appreciated and very welcome by ECCSA. He further stated that over the years, ECCSA has mobilized a number of Ethiopian business delegates to share knowledge and explore the business environment and trade opportunities in China which had hosted many business forums and conferences before. The Chamber is willing to inform and register interested Ethiopian private companies and lead them to China in order to participate in this upcoming forum.
Both parties have agreed that they will work together since right away and keep communicating to have updated information about the forum.
It was learnt that Golden Consulting LLC is working on business partnership & promotion, investment, infrastructure development, overseas training, exhibition & event management, human capital development, real estate, business licensees & regulations, trademarks, and bridging private and government sectors.
Ethiopia-Qatar Business Event Said Instrumental for Sustainable Partnership
Melaku Zezezew (Eng.), President, the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), said the need to work jointly in the globalized world economy today is rather essential and obligatory than an option. He said this while addressing a welcoming speech on the match-making event jointly organized on 27th January 2020 by ECCSA and Qatari Development Bank QDB) at Hyatt Regency here in Addis.
The match-making event was facilitated for Ethiopian-based companies and Qatari-based businesses with an objective to discuss and explore possibilities of mutually beneficial trade relationships.
Pointing out that the total trade turnover between Ethiopia and Qatar was 22.3 million USD in 2008 and decreased to 5.8 million USD in 2018, Ezezew noted the need for Qatari investors to invest in Ethiopia.
In his official opening speech, Teka Gebreyesus, State Minister of the Federal Ministry of Trade and Industry (MoTI) underscored the vitality of the Qatari business delegation’s visit to his country to set a platform of cooperation between the private sectors of the two countries.Stating that Ethiopian government has made a homegrown economic reform which aims to propel the country into becoming the African icon of prosperity by 2030, Gebreyesus assuredly said that it is high time to strength the economic and trade cooperation between the two countries.
Mr. Hamad Salem Mejegheer, Executive Director of Export Development & Promotion in Qatar Development Bank also addressed a keynote speech stressing the need to accelerating the trade and investment cooperation his country has with Ethiopia. The QDB strongly believes that commercial relationship has great importance in promoting trade between the two nations, he said.
Deputy Investment Commissioner Temesgen Tilahune also focused his speech on the countries mutual activities in using investment opportunity in Ethiopia. He witnessed the matchmaking event as being helpful in maintaining the rapid increase in trade and investment transactions between the countries.
Qatar invested in Ethiopia in partnership with Ethiopians and the Sudan investors in Agriculture, construction, manufacturing, real estate and transport, it was said.
Finally, B2B matchmaking was arranged between Qatari businesses operating in the area of plastic; electrical; pipe and tubes; medical; construction; woven plastic bags; paper based and aluminum based products and their Ethiopian counterparts which is supposed to bring both sides to a further business deal.
It was noted that ECCSA has conducted similar forums, business expos and B2Bs in collaboration with Tunisian, Sri Lankan, Chinese, Philippine, the USA, South Korean, Saudi Arabian companies over the last six months.
ECCSA-TMEA: Cooperation Intervention- Expectantly Diverging ECCSA’s ICT System
A team of officials in the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) under the head of Yusuf Ademnur, Secretary General (SG) of ECCSA received on 16th January 2020 a four member delegation from Trade Mark East Africa (TMEA) headed by Michael Mithey, Director of ICT for Trade and Transport Facilitation in TMEA.
The objective of the visit of the delegation is to look for possible cooperation intervention in terms of providing trade facilitation support to ECCSA. According to Mithey, TMEA provides support in terms of developing ICT system and infrastructure, and capacity building trainings basically to Eastern Africa private sector operators so as to take advantage of trade opportunities in the global realm.
Extending a warm welcome, Yusuf Ademnur explained ECCSA’s interest in the cooperation scheme. ICT infrastructure, the automation of single window service and certificate of origin, information service, training service and website development are the major areas of cooperation, as suggested by the S.G.
“As representative of the private sector, ECCSA wants to be the primary source of business information”, said Yusuf and continuous, “and in order to give efficient and effective market information and other services to the business community, the automation of an electronic single window service is indispensably essential”.
Accordingly, TMEA can provide support in terms of system development and ICT infrastructure that supports the automation of single window service and certificate of origin, providing training to staff and member chambers, Yusuf added.
Finally they laid a precondition that there is a need to have a Memorandum of Understanding (MoU) so that they can indicate their intention and make formal cooperation framework.
Based in Nairobi, Kenya, TMEA is one of the leading aid-for-trade facilities in the world and have had vibrant and successful operations in many East African countries including Ethiopia.
Addis to Host “Carnival”: Ground-breaking in Africa
Addis Ababa is fast tracking to be decked out with public street parties: Carnival Festival under the theme: “One Africa Carnival and Bazaar” expectedly in late February, Isaac Getu, founder of I.G. Entertainment and General Manager (GM), “One Africa Carnival and Bazaar” reviled the plan.
He said this on 13th of January 2020 during his visit, along with six of members of his team, to Melaku Ezezew (Eng.), President of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) at the President’s office. Ezezew warmly received the team and discussed on the aim of the plan of the event and on partnership deals with ECCSA.
The aim of the event is to promote African cultural and historical heritage by creating strong linkage with the ever growing trade and investment in the continent towards ensuring a sustainable regional economy, said the GM.
The first day of 15 scheduled days of event’s time will be reserved for the public street parties where contrasting African dances, pounding music and flamboyant costumes that combine into one heaving, sweaty orgy of color and sound will be orchestrated whereas the rest will be left for exhibiting and marketing African products and services and promoting untapped cultural and historical essences of the continent, according to the MG.
Ezezew on his part stressed on the importance of the introduction of such novel business idea in promoting both Ethiopia’s and Africa’s potential resources, bringing about transfer of technological innovations and experience sharing with international businesses. As carnival festivity is the first of its kind in Africa, our partnership effort is undeniably important for the perfect start of the event and the Chamber’s endeavor and support is at the pick, Ezezew promised.
During its 15 days stay, the event will be expected to accommodate about 10, 000 visitors on daily basis, which is expected to bring a bunch of foreign currency to the country, it was said. The event will be organized in collaboration with Ministry of Foreign Affairs and Tourism Ethiopia and in partnership with Addis Ababa Bureau of Tourism and ECCSA, it was also said.
ECCSA Discusses with Business Community on Excise Tax Proclamation
The Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) discussed on 26th December 2019 with representatives of business community on the new excise tax proclamation no. ...../2019 at ECCSA conference room.
Yesuf Ademnur, Secretary General (SG) of ECCSA, along with Deputy SG, Wubie Mengistu, said the discussion aims at submitting the private sector’s position paper on the proclamation to revenue, budget and finance affairs standing committee in the House of People’s Representatives for any possible output from the government side.
Comprised from textile manufacturers association, mineral water and soft drinks manufacturers’ industry association, Belayneh Kinde Automotives and Belay Ab Motors, Horizon tire, JTI tobacco manufacturer and others, the representatives paid a thorough deliberation on pros and cons of the revised Articles.
As stipulated in the preamble of the proclamation, one of the points touched upon is the imposition of excise tax on selling price, which in the previous one was imposed on manufacturing cost payable on selected goods. This exposes the tax payer to much more costing price than it was, said the discussants.
Albeit, it is necessary that the tax be imposed on luxury goods and on goods that are hazardous to health, it should not be necessary to be calculated on basic goods such as mineral waters, the discussants added.
Since the high cost imposed on the local car assembly factories is negatively effective, it is believed to discourage local producers, as discussed on the meeting.
Finally, Yesuf (SG) stated that the compiled position paper would be presented to the concerned government body shortly.
ECCSA Congratulate his Excellency Dr. Abiy Ahmed, Prime Minister
The Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) would like to congratulate his Excellency Dr. Abiy Ahmed, Prime Minister of the Federal Democratic Republic of Ethiopia, for winning the 2019 Nobel Peace prize.
We believe that Prime Minister Abiy truly deserves The Nobel Peace Prize 2019 for his efforts to achieve peace and international cooperation, and in particular for his decisive initiative to resolve the border conflict with neighboring Eritrea.
ECCSA intends to continue its utmost support to the Prime Minister for his efforts in promoting the private sector interests and initiating new horizon of investment endeavor in Ethiopia.
Ethiopia- Saudi Business Forum Held
The Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) in collaboration with Ethiopian Ministry of Foreign Affairs and the Embassy of Kingdom of Saudi Arabia (KSA) to Ethiopia organized Ethiopia-Saudi Business Forum on 10th December 2019 at Sheraton Addis Hotel, Addis Ababa.
In his welcoming speech on the occasion, Melaku Ezezew (Eng.), President of the Ethiopian Chamber of Commerce and Sectoral Associations, said that the Saudi companies have remained one of the leading foreign investors in Ethiopia, and the Kingdom is also Ethiopia’s strong development partner by providing significant support for the execution of various projects. The two countries have agreed to boost their relation focusing on creating economic partnership between their respective private sectors in agriculture, infrastructure development, energy, manufacturing industries, and trade early this year.
He further said that their agreement is reportedly based on ascertaining benefits for both countries and private companies, and the KSA had reaffirmed its commitment to support investment programs to be conducted by Saudi businesspersons. There is a bright and more interesting future because of the untapped trade and investment potentials that Ethiopia has with its key strategic countries like the Kingdom of Saudi Arabia, the President added.
Representing the business community of Saudi, Mr. Nidal F. Allababid, Chairman of NIDAL Group, on his part said that Saudi’s companies would like to understand the business opportunities of Ethiopia in order to invest more. He also said that working in cooperation between the business communities of the two countries has to be continual, as they could have mutual interests for mutual advantages. He recommended that the two chambers of Saudi and Ethiopia have to sign a cooperation agreement to exchange business and trade delegation between the two countries.
In his official opening remark, Dr. Aklilu H/Michael, State Minister of Ethiopian Ministry of Foreign Affairs, stated that the two countries’ Political and economic relation is found at good stage and their extended cooperation through official development assistance is showing gradual increment. The Foreign Direct Investment from Saudi Arabia has also grown and currently there are 229 Saudi Arabian licensed investors in Ethiopia working in various sectors. The time has come for Saudi Arabia business community to seriously consider and ultimately seize the enormous business opportunities in Ethiopia. The State Minister noted that the Ethiopian government is seriously working on to create a favorable business environment for the Saudi Arabian companies.
Following the speeches, a Power point presentation under the title “Trade and Investment Opportunities and incentives in Ethiopia” has been presented.
Over 20 Saudi Business companies, representing various areas of investment such as organic farm, food industry, pharmaceutical industry, Electric and IT system, textile and garment, real estate/construction, mining, petrochemical products, chemicals fertilizer, irrigation Piper and compression fittings, have engaged b2b meetings and business deals with their Ethiopian counterparts.
Yesuf Appointed as Secretary General
The Board of Directors of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) officially announced the appointment of Mr. Yesuf Ademnur as the Secretary General of the Chamber as of December 2, 2019.
According to the Board, Mr. Yesuf Ademnur was bestowed the position pertaining to his exceeded educational background, immense live experience in the area and the intrinsic commitment he has been paying off.
The World Export Development Forum officially opened
Co-hosted by the International Trade Centre (ITC) and the Ethiopian Ministry of Trade and Industry, the World Export Development Forum (WEDF) under the theme “ Trade and Invest in One Africa” was officially opened during “Industrialization Day” on November 20, 2019 in the presence of high ranking government officials including W/ro SahleWork Zewude, President of Federal Democratic Republic of Ethiopia, business leaders, policymakers, entrepreneurs, trade development officials, representatives of international organizations, trade and investment promotion agencies and business associations across the world at African Union headquarters, Addis Ababa.
It was said that WEDF is timed to contribute to Africa Industrialization Week, intended to help business make the most of the newly ratified African Continental Free Trade Area agreement with a special focus on the role of women and youth and to address international business competitiveness issues and profile international investment in Ethiopia and beyond.
During the event, a business-to-business matchmaking platform that aims to create new business deals in agribusiness was also organized in partnership with the Ethiopian Chamber of Commerce and Sectoral Associations.
Sri Lankan Companies Show Partnership Interest with Ethiopians in Trade and Investment
Organized by Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), Ethiopia-Sri Lanka Business Forum was hosted on Nov. 19 2019 at Kings Hotel here in Addis.
Melaku Ezezew (Eng.), President of ECCSA and Sugeeshwara Gunaratna, the incoming Ambassador of Sri Lanka to Ethiopia, forwarded a speech representing their respective delegations. In his welcoming speech, Melaku, reflected his belief that the event would be a drive to strengthen the businesses of the two countries. It will also be an opportunity to the respective private sectors to expand their cooperation, he added.
Stressing on the significance of the today’s event, Sri Lankan Ambassador on his part said that his country looks forward to expanding further trade and economic ties in the African continent. In 2014, the total trade turnover between the two countries was 2.4 million USD while it had been multiplied by five times in four years to reach 11.5 million USD in 2018, Mr. Sugeeshwara said.
A number of Sri Lankan companies have also begun manufacturing, mainly in the garment sector at the Hawassa Industrial Park and are now looking at expanding trade opportunities, he added.
On the session a briefing was made by Biniyam Misgina, Investment Director in ECCSA about ECCSA’s responsibility and the doing business opportunity in Ethiopia.
Following the forum, representatives of the delegation of four Sri Lankan companies: Synex Group, Nestle Lanka, The Wilikins Group and The Tea and Herb Company that are operating industrial and electrical engineering, confectionery, packaging and herbal respectively made B2B discussion with their ten Ethiopian counterparts and made business deal.
Ethio-South Korea Business Forum was organized
The Ethiopia-South Korea Business Forum was organized by Ethiopian Chamber of Commerce and Sectoral Associations in partnership with Ethiopian Ministry of Foreign Affairs and Korea Federation of Textile Industries on 18th November 2019 at Intercontinental Hotel, Addis Ababa.
In his welcoming remarks, Melaku Ezezew (Eng.), President of the Ethiopian Chamber of Commerce and Sectoral Associations said that the business communities of Ethiopia and South Korea have made various business forums, business to business meetings both in Seoul and in Addis Ababa as the consequence of which many Korean companies have been making partnership with their counterparts in Ethiopia. He further said that the Republic of South Korea is considered as a model country for its rapid economic development; and it is confidently certain that our Ethiopian companies will be introduced with Korea’s latest trade and investment dynamics as they will have the opportunity and the exposure to make physical engagement to the Korean investors. Such kinds of events provide good opportunity to both countries of the respective private sectors to arrive at more deals and expand trade and investment cooperation in a more progressive way, the President added.
Mr. Elim Hoon Min, Ambassador of South Korean Embassy to Ethiopia, on his part said that the two countries has maintained a very special and close relationship, especially the historical ties between the two countries, which is Ethiopia’s participation in the Korean War. Their relationship does not simply rest on the past, in fact both countries are forging ever stronger, more practical, forward-looking and mutually beneficial cooperation and partnership. Combination of Korea’s capital, technology and experience with the potential of Ethiopia will produce a model for win-win cooperation that will benefit both countries. The Ambassador concluded that the forum will serve as a useful occasion for businesspersons from both countries to explore together ways to promote bilateral investment and trade.
In his official opening remark, Dr. Aklilu H/Michael, State Minister of Ethiopian Ministry of Foreign Affairs, said that the relation between Ethiopia and Korea is long standing, deep and firmly intertwined by blood. The two people stood side by side and died for a common cause and this remarks the golden chapter in the two countries’ history. He also said that Ethiopia attaches great significance to its partnership with South Korea and it seeks stronger cooperation and diversifies its engagement on a wide range of areas. Dr. Aklilu has noted that investment, trade and technology transfer will further bond their strategic relationship.
A Power presentation under the title “Trade and Investment Opportunities in Ethiopia” has been presented and a panel discussion on various issues of trade and investment opportunities and challenges between the two countries has been also discussed.
Over 30 South Korean companies with their Ethiopian counterparts representing different sectors have conducted b2b meetings.
ECCSA Receives Indian Delegation
Ato Biniam Misgina, Director of Investment Directorate in Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) received two Indians headed by Mr. Sanjay Bansal, Managing Director of Intex, on Nov 16, 2019 at his office and discussed on partnership and related issues.
Mr. Sanjay said that he wants to establish manufacturing plant that can produce cables, USBs, mobile phones and other products in Ethiopia. And he wants to engage in tourism sector and look for local partners for joint ventures. He also said that he could not set up his manufacturing industry so far and could not invest much here as he expected. Currently his small assembling plant is only operating in Addis due to shortage of foreign currency, the Managing Director added.
Biniam on his part stated that Different opportunities are coming to manufacturing companies like this one which needs to be supported. He further stated that Ethiopian Government is looking for more foreign investors, as it has been undertaking new economic reforms and privatizing government companies like Telecom, Sugar Corporation, power, transport and others. Biniam promised that ECCSA will try to support the company in searching for potential local partners who are interested to do similar business with it in joint ventures.
Ethiopia-Philippine Business Matching Session Held
The Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) in partnership with Philippine Department of Trade and Industry organized the Ethiopia-Philippine Business Matching Session on 15 Nov 2019 at Royal Sheger Hotel, Addis Ababa.
In his welcoming speech, Mr.Sulpicio M. Confiado, Ambassador, of Philippine Embassy to Cairo, said that Ethiopia is a very strategic place in Africa, for it is the Head Quarter of African Union which has more than fifty member countries. Developing close relationship with these countries will have large multiplier effect. This hereby increases the profile of Philippine relation step further because the presences of Philippine companies here in Ethiopia concretize that relationship in terms of augmentation of trade and investment between Ethiopia and the Philippines. There are so much potential areas to explore and to increase knowledge and understanding of countries’ system, tradition and heritage, the Ambassador added.
Ato Biniam Misgina, Representative of ECCSA, on his part said that most of Ethiopia’s export to Philippines is agricultural products such as leather prepared after tanning, sesame and oil seeds, oleaginous fruits, soya bean, dried kidney beans and many more. Its import from Philippines includes static converters, millstones and grind stones, optical microscopes, machinery, electrical burglar, desktop computers, chewing gum and others. Biniam added that it is the Chamber’s conviction that the move of Ethiopian economy can keep on accelerating by creating a diversified trade networks and huge opportunities for Philippine investors in key strategic areas as dairy and food industry, personal care, among others.
Five Philippine companies which have been manufacturing food and personal care products have made business matchmaking meetings with their Ethiopian counterparts on the forum.
The delegation was comprised of gold products, recycling of renewable resources, security and financial services, engineering and construction, mechanical equipment, stone industry, social services such as education and legal services.
ECCSA-ACFIC Relation: Looked forward to by both Parties
16 members high Delegation of All-China Federation of Industry and Commerce (ACFIC), headed by Lu Yong, Vice Chairman of ACFIC was hosted on November 14 2019 at the board room of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA).
According to Lu Yong, the aim of the visit was to explore the investment and market opportunity available in Ethiopia and deepen the bilateral relation of the private enterprises of the two countries which has been increasing ever since the one belt- one road initiative has been proposed.
Stating that Ethiopia is the 8th largest recipient of FDI in Africa and China is already the top investing country, Biniam Misgina of ECCSA forwarded his appreciation to the delegation’s interest to work with ECCSA.
The government of Ethiopia has given priority to manufacturing, agro-proccessing, tourism, health and education and other sectors and Chinese companies have a big chance to invest in the sectors, Misgina added.
Misgina informed the delegation that there are about seven industrial parks under operation focusing on textile, leather, machinery equipment, chemical manufacturing; and also that there are privately developed industrial parks most of which are being developed by Chinese developers. He also briefed the market opportunity available through COMESA and AGOA, and the huge labor force available in Ethiopia.
Mr. Lu recommended that ECCSA-ACFIC prior collaboration has been a good start for their future partnership and the two organizations need to play a major role in bringing together their respective companies.
The delegation was comprised of gold products, recycling of renewable resources, security and financial services, engineering and construction, mechanical equipment, stone industry, social services such as education and legal services.
ECCSA President Talks with Slovak Ambassador on Boosting Relation
Melaku Ezezew (Eng.), President along with Wubie Mengistu, Deputy Secretary General (D.S.G.) and Biniam Misgina, Investment Promotion Director of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), received on November 5 2019 a 10 members high Delegation from China, Henan province, headed by Hu Jinbao, Vice Chairman of China Council for the Promotion of International Trade(CCPIT), Henan Sub-Council China Chamber of International Commerce (CCOIC) Henan Chamber of Commerce at ECCSA Board room and discussed on issues of trade and investment cooperation.
The Vice Chairman stated that Henan province is an agricultural and industrial province with strong capability of equipment manufacturing like electronics, food processing, emerging materials production, agricultural equipment production and agricultural product processing. Similar to Ethiopia, Henan is also rich in historical, cultural, natural and tourism resources, there is a good opportunity for both sides to cooperate and strengthen their future relation, Hu added.
Pointing out that Ethiopia is an agrarian country, the President of ECCSA said that the government is trying to shift the agricultural economy to industrial led one. Ethiopia produces agricultural products like sesame, coffee, some cereals; and livestock that is number one in Africa and exports just in row, the President added.
Engineer Melaku also said that China is the biggest buyer of the products, and the cooperation between the two businesses will facilitate to Henan companies engagement in the processing of the row products. Wubie Mengistu on his part underscored the need to establish cooperation with the province especially in agriculture and mining sector. Biniam Misgina, who explained that Ethiopia is 8th largest recipient of FDI in Africa and the biggest in Eastern region, has China as its top investor
It was also indicated in their discussion that there are almost 30 Henan enterprises and other Chinese companies in investment in Ethiopia in food processing, manufacturing, mineral exploration, shoe and clothing and in industrial development. The two sides have agreed that they should heighten and deepen their partnership and bilateral cooperation on win-win platform for the mutual benefit of the business communities of both countries.
Hu, Vice Chairman of CCOIC also forwarded the interest of his Chamber to organize trade and investment forum next year to which ECCSA officials provided a warm welcome with a prerequisite of a need to prepare a joint action plan.
ECCSA President Talks with Slovak Ambassador on Boosting Relation
Melaku Ezezew (Eng.), President and Wubie Mengistu, Deputy Secretary General (D.S.G.) of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), received on 29th of October 2019 Drahomir STOS, Ambassador of the Slovak Republic to Ethiopia at President’s Office and discussed on issues of boosting the relation between ECCSA and Slovak Chamber of Commerce and Industry (SCCI).
The Ambassador said despite Matador’s, Púchov, Slovakia based joint-stock company; early operation in tire production in Ethiopia, the entry between companies of the two countries is not much developed. Since many more Slovak companies have great interest to operate in Ethiopia, ECCSA and SCCI can facilitate such entry between their respective member companies, he added.
Explaining the major responsibilities of ECCSA in the efforts made to promote the national economy of the country, Engineer Melaku appreciated the business interest on the side of the Republic of Slovak. Apart from trading and investment relation, since one of the significance of creating partnership between companies is the transfer of knowledge and experience sharing, ECCSA is diligent to facilitate partnership between the two businesses, the president remarked.
The D.S.G. of ECCSA, Wubie, also pointed out the possibility of making information communication, signing Memorandum of Understanding (MoU) and event organization to bring together the two businesses. The two sides have agreed that they should heighten and deepen their partnership and bilateral cooperation on a win-win platform for the mutual benefit of the business communities of both countries.
COMMOCHAIN Seeks to Provide Solution for Operational Efficiency
Melaku Ezezew (Eng.), President and Wubie Mengistu, Deputy Secretary General (D.S.G.) of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), discussed on 29th of October 2019 with Ludwig Clement, Chief Executive Officer (CEO) of COMMOCHAIN, a Swiss company based in Geneva on innovation commodity trading at President’s Office.
Speaking about COMMOCHAIN, Clement said his company helps companies involved in the international trade of raw materials, citing coffee trade as a major instance, to increase their operational efficiency through the promotion of innovation. According to the CEO, his company only wants to provide trade execution assistant solution to coffee trading houses that are used to managing the information and data exchange using non-tailored software tools so as to make them productive..
ECCSA officials warmly accepted the CEO’s interest to bring such innovation as coffee trading is one of, and by far, the major export trade of the country and managing the sector’s information and data exchange would support the ad-hoc process.
Since event organization is one platform to bring the innovation, ECCSA would look forward to discussing with the business community, the officials remarked.
ECCSA Receives CCPIT’s Delegation
Melaku Ezezew (Eng.), President and Ato Wubie Mengistu, Deputy Secretary General (D.S.G.) of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), received a Delegation from China Council for the Promotion of International Trade(CCPIT) headed by Mr. Zhang Shengfeng, Vice Chairman of CCPIT on October 22, 2019 at ECCSA Board room and discussed on issues of cooperation.
The President of ECCSA explained the three major responsibilities of the Chamber, which are promoting trade and investment, providing capacity building and carrying out research and advocacy activities. He also stated that so far ECCSA and CCPIT/CIEC have been jointly organizing remarkable expos in Addis Ababa except some problems of customs; however, the 3rd version of the expo will be expected to be more colorful by doing assignments ahead of time. ECCSA needs to further work together with CCPIT on capacity cooperation especially trainings, capacity buildings, transferring of technology and knowledge, the president noted.
The Vice Chairman of CCPIT on his part stated that the expo is not only limited to the sectors like energy, infrastructure, road and transport, but it also should take priority in the development area. The development experience of China could help Ethiopia so that CCPIT will strengthen its cooperation with ECCSA in promoting China-Africa, and China-Ethiopia developments in Ethiopia in the future. He further said Chinese companies came to Ethiopia can enjoy a good business environment and find cooperative partners with capacity and integrity.
The two sides have agreed that they should heighten and deepen their partnership and bilateral cooperation for the mutual benefit of the business communities of both countries.
2nd China-Ethiopia Industrial Capacity Cooperation Expo Opens in Addis
Organized by China International Exhibition Center (CIEC) and hosted by the China Council for the Promotion of International Trade (CCPIT) and co-hosted by Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) in collaboration with Ethiopian Investment Commission (EIC), China brand exhibition is under display from October 22-25 2019 at Addis Ababa Exhibition Center. The exhibition specifically targets at industrial capacity cooperation between China and Africa, officials of the hosting groups from both countries revealed.
In his welcoming speech, Melaku Ezezew (Eng.), President of ECCSA, expressed his opinion that the expo is timely and significant in the eyes of Ethiopian private sector as the sector is fast moving to enter into the manufacturing realm to enhance its global competitiveness.
The presence of Chinese companies would surely help exchange information, bring about transfer of technology, create product and market partnership between the two businesses, the President added. Mrs. Liu Yuxi, Mission of China to AU, on his part said China-Africa Expo is an important platform for developing the trade partnership between China and Ethiopia and to facilitate industrial capacity in China-Africa relation in belt-and-road initiative. It also helps as a bridge to further understand the available partnership environment between Chinese exhibitors and their Ethiopian counterparts, Liu added.
Pointing out that the expo would further strengthen the existing relation between China and Ethiopia, Teka Gebreyesus, State Minister of Trade and Industry and Temesgen Tilahun, Deputy Commissioner of Ethiopian Investment Commission, on their speech remarked that China can use the opportunity offered by AfCFTA as it is top investor both in Africa and Ethiopia.
According to trade statistics, China imported 345 million USD goods from Ethiopia while exporting 2.5 billion USD of goods to Ethiopia in 2018. The investment statistics of this year also shows that China is the biggest foreign investment source for Ethiopia with investment reaching 4 billion USD.
On the expo, more than 42 mega companies gathered from 15 provinces and cities of China engaged in the industries of engineering machinery, energy equipment, agricultural processing product and equipment, automobiles, etc., are showing their products, technologies, knowhow solutions. In sideline, China-Africa Energy Cooperation Forum was also held for a half day long following the opening of the expo.
The 1st China-Africa expo was held last year in which more than 41 Chinese companies exhibited their products.
ECCSA Receives Sri Lankan Delegation
Wubie Mengistu, Acting Secretary General of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), received on 9th October 2019 two members of Sri Lankan delegation headed by Sumith Dassanayake, Sri Lankan Ambassador to Ethiopia, and Ambassador to the African Union at his office.
Wubie discussed with the delegation on ways of maximizing economic ties between the respective business communities of the two countries.
Mr. Sumith also said that there are Sri Lankan business operating in Ethiopia and his country wants to bring more businesses. Ethiopian government has a privatization plan to some of the service sectors to local and foreign investors and Sri Lankan businesses can use this opportunity, Wubie said.
In the meantime, Wubie and Sumith had a short talk on the means to organize business forum here in Addis which according to the officials would help bring their respective private companies together to a table of mutual relation.
Accordingly, they discussed on the possibility of organizing the forum concurrent to the World Export Development Forum 2019 which will be going to be held here in Addis in November. Leading Sri Lankan companies in bee and milk products, packaging, printing and tea herbal and other products will be expected to participate in the forum.
DSG Receives Vietnamese Delegation
Ato Wubie Mengistu, Deputy Secretary General (DSG) of the Ethiopian Chamber of Commerce and Sectoral Associations ECCSA) received Vietnamese business delegate, Mr. Nguyen Trong Khang, Chairman and CEO of MK group Smart Digital Security, and his coworker, Matthias Duensser, VP, Business Development on Sept., 24, 2019 and discussed on business opportunities, investment policies and incentives given for foreign investors in Ethiopia and related issues.
Explaining about his company, Mr. Nguyen Trong Khang said that MK group Smart Digital Security is engaged in producing authentication and secure transaction solutions, card personalization solutions and smart card products. He also expressed that the company has the intention to invest in Ethiopia in this regard and wants information about investment opportunities, investment policies and incentives given by the Ethiopian government.
Ato Wubie on his part stated that ECCSA is very interested to bring the company’s technology which is going to improve efficiency and make life easy. The DSG further stated that this is the right time to invest in Ethiopia when the Government is developing a new economic policy that focus on areas of financial sector, telecom, and transport sector. There are also reforms in investment policies and other rule and regulation in Ethiopia to help the business move in a better way. The delegates need to visit IT Park, Ethiopian Ministry of Science and Technology, Ethio telecom, National Bank of Ethiopia, Ethiopian Investment Commission and the concerned bodies so as to get detailed information for their mission, Wubie recommended.
It was learned that MK group Smart Digital Security is working on business areas of finance and banking, government, telecommunication, transportation and ticketing, enterprise security, and retail.
Ethiopia-Tunisia Economic Forum Organized
The Ethiopia-Tunisia Economic Forum was organized jointly by Ethiopian Chamber of Commerce and Sectoral Associations, Ethiopian Ministry of Foreign Affairs and Tunisia-Africa Business Council in the presence of the concerned high ranking government officials and representatives of the private companies from both countries on Sept. 18, 2019 at Capital Hotel in Addis Ababa.
In his welcoming remark, Melaku Ezezew (Eng.), President of the Ethiopian Chamber of Commerce and Sectoral Associations, stated that the event is as a means to expand business opportunity and deepen bilateral relations between the two countries and between their business communities. The President further stated that the business delegates of the two countries are highly expected to continue with their unprecedented efforts of promoting trade and investment across their respective countries and across Africa as well by creating business friendly environment and vibrant private sector, working in partnership. We need African brands to flourish in African lands, and thus the room is wide open for Tunisian businesses in Ethiopia, Melaku added
On the occasion, Ambassador Dr. Markos Tekle, State Minister of Ethiopian Ministry of Foreign Affairs, said that since the establishment of diplomatic relation between the two countries, Ethiopia attaches great importance to its diplomatic relations with Tunisia and is being dedicated on further enhancing its relations, partnership and cooperation at all levels. Ethiopian Government would like to encourage Tunisian companies to inject their investment capital to Ethiopia and bring the required expertise and technology, thus providing the critical access to markets through their network. The state Minister also said that the government is ready to facilitate the efforts of Tunisian companies based on mutual benefit.
Mr. Hetem Ferjani, State Minister of Tunisian Ministry of Foreign Affairs, on his part stated joint commitment to strengthen the Tunisian-Ethiopian relations and partnership will render them a model of cooperation to be emulated by other countries in Africa and elsewhere. Hetem stressed that government to government partnership combined with the dynamism of the Tunisian and Ethiopian private sectors could serve the supreme national interests of the two friendly countries.
Mr. Bassam Loukil, President of Tunisia Africa Business Council, expressed that the Council has the mission to advocate for anchoring Tunisia in African continent and accompany the Tunisian economic operators as best as it can. In many of the fields that Ethiopia wants to develop textiles, new technologies, renewable energies, chemicals, agro-food etc ; Tunisians are ready to put their expertise and knowhow. There is so much potential to be shared and developed between Tunisian and Ethiopian business communities, he added
Thirty four (34) Tunisian companies with their Ethiopian counterparts representing different sectors have conducted successful b2b meetings.
ITME Africa 2020 Launching Program Organized
The Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) in partnership with India ITME Society organized ITME Africa 2020 press briefing and Launching program to the Media, representatives of the private sectors and the concerned government bodies on 2nd of September 2019 at Sheraton Addis Hotel.
In his welcoming address, Engineer Melaku, ECCSA President, stated that ITME Africa 2020 is a special business event that will present an opportunity for interested companies to explore joint venture, business collaboration, technology transfer and investment. The event also will allow Ethiopia to strengthening its position as a pioneer in modernization of textile industry and position itself as a pivot for technology sourcing for Africa. It is also an excellent opportunity for expanding exports and connecting to new customers from African countries, the President added.
On the event, Ato Teka Gebreyesus, State Minister of Ethiopian Ministry of Trade and Industry, said that the planed exhibition is expected to create top business networking platform between Africa and the largest world economies that will be exhibiting their complete textile solutions and technologies. He further said that this is the most essential and timely opportunity to Ethiopia in creating experiences and knowledge, in opening investment opportunities, in forming joint ventures and networking with local companies.
Mr. Hari Shankar, Chairman, India ITME Society on his part said that the exhibition is planned to bring to the table complete solutions to textile industry development in the African continent through affordable technology, international exposure, skill development through seminars and conferences, confluence of business houses, investment opportunities, joint ventures, access to finance and networking platforms with technocrats and educational institutes.
Seema Srivastava, Excutive Director of India ITME Society, said that the exhibition will have 220 exhibitors from various countries of the world, which shall showcase various technologies like spinning, weaving, processing, wastewater technology, knitting and dyestuff by leading companies under one roof.
It was learnt that the INDIA ITME 2020 under the theme: “Prosperity for Africa through Textile Technology” will be held from 14-16 February, 2020 at Millennium Hall, Addis Ababa.
Forum said to further strengthen Countries Existing Relation
Ethio-India Business Forum was organized by the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) in Partnership with Ethiopian Ministry of Foreign Affairs and Indo-African Chamber of Commerce and Industry on August 12, 2019 at Hilton Addis Hotel.
In his official opening speech, Ambassador Dewano Kedir, Permanent Secretary for Economic Diplomacy in Ministry of Foreign Affairs of the Federal Democratic Republic of Ethiopia, said that this forum is important to boost the growing business links between Ethiopia and India. And it would facilitate close interaction between the business communities of the two countries for their mutual benefits. As part of its endeavors on moving forward Ethiopia’s transformation agenda, we are committed to partner deeply with friendly countries such as India.
Endalkachew Sime, Secretary General of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), on his part said that the event will add more momentum in the efforts of strengthening Ethio-India long lasting relation into a far vital area of cooperation in trade and investment. He further said that the forum will also offer good opportunity to the private sectors of the two countries to arrive at more business deals and expand collaboration. ECCSA would like to encourage Indian companies to invest in Ethiopia by creating partnership with their Ethiopian counterparts, Endalkachew added.
Mrs. Sunanda Rajendran, Secretary General of Indo-Africa Chamber of Commerce and Industry, in her welcoming remarks, stated that the main purpose of the forum is to further promote the existing bilateral ties in trade and investment of India and Ethiopia and also to create networking platform and establish more business links for business communities of the two sides.
On the forum, presentations on Ethiopian investment opportunities regarding industrial parks, ICT, Hydro and solar powers, incentives and other topics have been presented preceded by question and answer session.
Sixteen (16) Indian private companies representing project and management consultancy, technologies, healthcare, dairy and food products, education solution, electro plastic, IT, glass design, leather, manufacturing of construction equipments, woven fabrics sectors with their Ethiopian counterparts have participated on the event.
President Holds Meeting with two Ethiopian scholars
Mlaku Ezazew (Eng.), President of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), along with the Chamber’s Deputy Secretary General, Wubie Mengistu, held a discussion with Dr. Tilahun and Ato Medihin on 7th of August 2019 at his office.
Explaining the aim of their visit to ECCSA, Dr. Tilahun said that they want to present their project proposal under the title “Vision Ethiopia 2030; Alliance for Climate Smart Sustainable Development” which is going to be implemented by public Private Partnership. He further said that there should be a strong involvement of the private sector along with the government in order to bring a fundamental solution to poverty in Ethiopia. In his presentation, Dr. Tilahun also explained that the true transformation of Ethiopia in to the 21st Century can be brought based on four steps: building agricultural development enabling industries, enhancing agricultural production and productivity through application of modern technologies, developing diverse agro-processing and manufacturing industries aligned with surplus agricultural production and natural resources, and developing light and heavy industries based on regional and global competitive and comparative advantages.
ECCSA President Have Talks with GIZ delegation
Melaku Ezezew (Eng.), President of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), received on 7th of August 2019 a-four-members delegation of German International Cooperation (GIZ) headed by Horst Bauernfeind, Component Manager, Sustainable Training and Education Program (STEP).
The purpose of the delegation’s visit is to discuss on how to work together with ECCA to facilitate the coordination of the private sector in Ethiopia with the public sector to engage in TVET development. Unveiling the fact that education and industry system in Ethiopia is not much interwoven, Mr Horst recommended that GIZ has a driving interest to upgrade the system.
Stating the importance of private sectors’ engagement in educational qualification, President of ECCSA underlined the need to change the status quo as the concern of TVET development should not only be left to the government.
Mr Horst disclosed his threat that the private sector in Ethiopia is not interested in human resource development. Supporting Mr Horst’s idea, Engineer Melaku also forwarded his opinion that the private sectors have awareness problem about educational standard. Although there is the market for TVET graduates, they want neither to recruit professionals nor up grade workers; instead, want to recruit experienced workers that have no educational background from the low price market.
Finally, Melaku accepted the cooperation to work with GIZ in making successful the private company’s engagement in TVET so as to solve the involvement of trained labourers in the companies.
ECCSA Receives UNDP Delegation
Mlaku Ezazew (Eng.), President of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), along with Chamber’s Deputy Secretary General, Wubie Mengistu, had a formal talk on 7th of Augest 2019 in his office with UNDP-Country Office delegation headed by Aya Shin, Program Analyst, Inclusive Growth and Sustainable Development Unit.
The UNDP representative explained that the purpose of the delegation’s visit to ECCSA is to have been informed about the current status of innovation in the country in bringing about economic development. According to Aya Shin, as part of its innovation program, UNDP, focuses on assessing the availability of lack of policy and regulatory frameworks to promote innovation and opportunities and challenges related such as with access to finance and other needs, etc.
With the objective of supporting the transformation of innovation ecosystem in Ethiopia, the project has planned to conduct assessment of innovation ecosystem in the country and develop a comprehensive program document to develop the innovation ecosystem which is to be implemented next year, said Shin. The project, said Shin, is expected to address the main challenges and constraints in order to ensure the transformation of innovation ecosystem.
Welcoming the cooperation proposal of the delegation, President of ECCSA stated that it will bring good opportunity in enhancing innovation; adaptability and customization of technology which in return helps capacitate and strengthen the capacity of TVET centres in creating qualitative trainees.
Stating that there is a problem of access to finance; and the private sector is the one mainly affected; the President appreciated and welcomed the project’s cooperation program in developing the innovation ecosystem in the country.
ECCSA Holds Discussion with Indonesian Delegation
Melaku Ezezew (Eng.), President of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), received a delegation of five Indonesian high ranking officials, headed by Mr Al Busyra Basnur, the new appointed Ambassador of Indonesia to Ethiopia on 6th of August, 2019 to discuss the possibilities of enhancing trade and investment relation between Ethiopia and Indonesia.
Explaining the purpose of the visit, Mr Al Busyra said that the possibilities of trade business cooperation between the two countries need to be enhanced and the MOU signed before in this regard has to be reconsidered. He further said that his embassy has planned to establish association of Indonesian and Ethiopian business communities so as to enable them communicate each other through their association. The Embassy with the cooperation of ECCSA also going to create different platforms like Indonesia-Ethiopia Business Forum, which is intended to be held in the near future that both business communities can communicate easily and exchange business information, the Ambassador added.
Melaku on his part said the Delegation for their visit to ECCSA and noted the Chamber and the Embassy can communicate and create plat forms for the business communities of the two countries so as to enable them communicate easily. The President also said that since Ethiopia has big investment opportunities, incentives and agricultural products such as cut flowers, vegetable, black cumin, coffee, sesame, oil seeds, and other products which Indonesians may invest on and import, the two business communities can work in partnership for their mutual benefit.
The two parties have finally agreed to communicate further and work closely for the enhancement of trade and investment between the two countries.
Deputy Secretary General Receives World Bank Delegates
Ato Wubie Mengstu, Deputy Secretary General of the Ethiopian Chamber of Commerce and Sectoral Associations held a discussion with World Bank Delegates on June 30, 2019.
The two parties have discussed on issues of corruption, governance issues, challenges related to access to land and finance, tax valuation system, inappropriate implementation of policies and related issues that affect the development of the private sector in Ethiopia.
The Deputy Secretary General has explained that ECCSA is carrying out its responsibilities in combating corruption and conducted researches regarding challenges of good governance, access to land and finance, power outage and others in which the private businesses are seriously facing and he finally promised the delegates to email them the study reports
ECCSA Offers Training on Strategic Planning to Member Chambers
The Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) is organizing a two day long training from 23rd - 24th of July, 2019 under the title “Strategic Planning” to Member Chambers at ECCSA’s Board Room.
Ato Wubie Mengistu, Deputy Secretary Secretary General of ECCSA, in his opening remarks said that ECCSA has been carrying out its responsibilities in promoting trade and investment, doing advocacy activities and capacitating its members with different capacity building trainings like today’s one -“Strategic Planning” which is one of the most important trainings for these selected participants representing their respective chambers and associations. The participants should actively attend the two day long training and convert the acquired knowledge and skill into action in their respective organizations, Ato Wubie recommended.
According to Dr. Aynalem Abayneh, Founding Owner and Manager of Goldie Management Consultancy Service, the objective of the training is to provide leaders of member chambers and associations (especially presidents and secretaries) with the basics of strategic planning focusing on key components of a strategy, how to approach strategy planning and tools that can be used in strategic planning in order to help them develop and design strategy to their respective chambers and associations.
Dr. Aynalem further explained that the training is offered based on the topics: Strategic Planning Overview, Analysis-Internal and External, Critical Issues (Direction, Vision, Mission, Goals, and Objectives), Monitoring and Evaluation, Annual Plan and related topics accompanied with group exercises, presentations, questions and answers, group discussions to make it most participatory.
Presidents and Secretaries General representing the Regional Chambers have been participating on the training.
S.G. Receives CEO of Global Partners
Endalkachew Sime, Secretary General of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), had a formal talk on 9th of July 2019 in his office with Tsan Tsung Hsiao, Chief Executive Officer (CEO) of Global Partners Ltd
The two officials discussed on the available possibilities of forming agricultural cooperation between the local companies and the guest company. Based in Taipei, Taiwan, Global Partners is working in partnership with companies in different countries in the area of agricultural products mainly coffee, sesame, gum-Arabic, etc. and provide scholarship, Mr. Hsiao said.
The CEO further said that his company exports such products to Taiwan; and since the production of coffee and sesame is a big potential in Ethiopia, and if ECCSA can facilitate Global Partners cooperation with the local companies, the two sides will benefit.
Welcoming the cooperation proposal of the CEO, Endalkachew stated that it will bring good opportunity in strengthening the relationship not only of Ethiopia has with Taiwan but also of their respective private sectors
Finally, the two officials agreed to exchange information about the area of their partnership interest so that they can facilitate formal meetings in Addis and Taipei for their respective companies.
Ethiopia-China (Shandong) Business Forum Held
The Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) in partnership with Chinese Embassy and China Council for the Promotion of International Trade Shandong Sub council organized the Ethiopia-China (Shandong) Business Forum in the presence of high ranking government officials and representatives of private companies of the two countries on 8th of July 2019 at Radisson BLU Hotel, Addis Ababa.
In his remarks, Mr.Luo Pengcheng, Second Secretary in Embassy of China to Ethiopia said that Chinese delegation is in Ethiopia to identify ways that can expand its business partnership with Ethiopia, and to leverage its tremendous capacity to support Ethiopia’s efforts to export more products to china, which will benefit both sides. He further stated that the event will provide opportunities to build connections and discover opportunities to collaborate to expand the two countries economic and trade cooperation. Mr. Luo also said that Chinese Embassy is ready to do everything in order to help both Ethiopian and Chinese business communities to achieve success.
On this occasion, Aschalew Tadesse, Director of Ethiopian Investment Commission, said that investors from China account for a significant share of foreign investment in Ethiopia and the majority are engaged in manufacturing and construction. The Government of Ethiopia encourages more Chinese investments to come to Ethiopia particularly in textile and apparel, leather and leather products, agro-processing, and construction materials and furniture and it thus offers generous incentives and facilitation measure including an easy doing business environment in industrial parks.
Endalkachew Sime, Secretary General of the Ethiopian Chamber of Commerce and Sectoral Associations, on his part said that China and Ethiopia have developed multi-dimensional relations, with people-to-people, business-to-business and government-to-government relations, as their relationship is growing deeper and deeper for the last couple of decades. He also said that since the event focuses on deepening a comprehensive partnership of the business communities of the two countries so as to encourage their cooperation of industry and commerce, it would bring about good opportunity to the growth of the private sector development. The Secretary General finally invited the Chinese companies to attend the 12th Ethio-Chamber International Trade Fair which will be expected to open on the 1st days of the 1st week of November this year and exhibits products of companies from all corners of the world.
Shandong (Chinese) manufacturing Enterprises operating in Tire, Textile, Medical Gloves, Metal, Galvanized sheet products, Construction, Real State and Agricultural industries with their Ethiopian counterparts have made business match making meetings on the forum.
President Receives Philippine Ambassador
Melaku Ezezew (Eng.), President of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) with Wubie Mengstu, Deputy Secretary General of ECCSA, held a discussion with Mr. Sulpicio M.Confiado, Ambassador of the Philippine Embassy in Cairo on 19th of June, 2019 at his office.
The two parties have discussed on issues of trade and investment cooperation between the two countries, how the two business communities work together and also the participation of the Philippine business delegation at the forthcoming Ethio-chamber International Trade Fair.
Two Validation Workshops Conducted
The Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) organized two validation workshops under the titles “ The Effect of Power Outage on Industries and Businesses in Ethiopia’ and ‘The African Continental Free Trade Area: Opportunities and Challenges for the Ethiopian Private Sector’ “ on 18th June, 2019 at Azzeman Hotel, Addis Ababa and discussed on the major challenges and recommended solutions intensively meanwhile relevant comments and suggestions were reflected to be incorporated for the final documents of the studies.
President Receives Malaysian Science Attaché
Melaku Ezezew (Eng.), President of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), received Mr.Hisham B. Hussain, Science Attaché’ MPOB Regional Manager for Africa, Embassy of Malaysia to Ethiopia on May 29, 2019 at his office.
Validation Workshop Conducted
The Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) organized a validation workshop entitled with “Policy, Legal and Administrative Barriers on Access to Land for Business in Ethiopia” on 27th May, 2019 at Ghion Hotel, Addis Ababa.
Based on the findings of the study, the major challenges and recommended solutions have been intensively discussed by the participants in the meantime relevant comments and suggestions have been reflected to be incorporated for the final document.
On the same day afternoon, a paper under the topic “Africa Continent Free Trade Area Agreements” has been presented by Ethiopian Ministry of Trade and Industry to representatives to member chambers.
ECCSA receives FICCI Consultants
Melaku Ezezew (Eng.), President of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), received Consultants of the Federation of Indian Chambers of Commerce and Industry (FICCI) on 23rd of May, 2019 at his office and discussed on India Ethiopia Innovation Technology Transfer & Commercialization Program.
It was discussed that the India-Ethiopia Innovation, Technology Transfer and Commercialization program would enable Ethiopia to make use of demonstrated and validated Indian technologies and innovations which focused on the prioritized sectors in Ethiopia.
ECCSA has confirmed that it will work aggressively with the technical committee of the program and FICCI, for the program is highly expected to contribute to the economic growth of the business community
It was understood that the programme will be accomplished by Federation of Indian Chamber of Commerce and Industry in coordination with Ethiopian Ministry of Innovation & Technology
19th World Export Development Conference said to be held in Ethiopia
Melaku Ezezew (Eng.), President of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), held a meeting with Technical committee, International Trade Centre at his office on May 22, 2019 and discussed on the 19th World Export Development Conference.
During their meeting, points regarding identifying and selecting the right sectors, b2b, business forum and other sideline events at which the private sector participates have been raised and discussed.
It was said that the 19th World Export Development Conference to be held from November 18-22, 2019 in Ethiopia, Addis s Ababa will be organized jointly by the Ethiopian Ministry of Trade and Industry and International Trade Centre in collaboration with the African Union.
Finally the two sides have agreed that they should start working together soon in order to materialize the event.
President Holds Meeting with Trademark East Africa
Melaku Ezezew (Eng.), President of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), held discussion with the delegates from Trademark East Africa (TMEA) on 22nd of May, 2019 at his office.
It was discussed that the Trademark East Africa (TMEA) is working with the objective of facilitating trade of East Africa including Ethiopia by reducing logistic cost, speeding up market access and making the private companies more competitive so as to promote economic growth. Accordingly, ECCSA has expressed its keen interest to work with TMEA.
It was learnt that TMEA has opened its office and started its operation in Ethiopia.
ECCSA Receives Comoros Delegation
Melaku Ezezew (Eng.), President of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), held discussion with the Comoros delegation on 21st of May, 2019.
The two parties have discussed on major responsibilities and duties of their chambers, issues of business membership, import and export products, trade and investment opportunities, issues of cooperation and various related topics.
ITME AFRICA 2020 – Exhibition to Be Conducted
3rd China Trade Week-Ethiopia kicked off
The 3rd China Trade Week-Ethiopia, which is being organized by Prana Events and MIE Group and supported by the Ethiopian Chamber of Commerce and Sectoral Associations, Ministry of Trade and Industry, Ministry of Foreign Affairs, the China Chamber of International Commerce and CCPIT, was officially opened today, on May 2, 2019 at Millennium Hall, Addis Ababa.
It was said that the China Trade Week in which China and Ethiopian private companies representing light industry and textiles, construction materials and machinery, food and beverage tech, home appliance and furniture, lighting and energy solutions, beauty and health, consumer, electronics, biochemical, automotive parts and accessories depict their products and services from 2-4 may,2019.It was also said that the trade week is a platform where Chinese companies can interact with local business stakeholders across various target areas.
Ethiopian-Sudanese Trade and Investment Forum Organized
The Ethiopian-Sudanese Trade and Investment Forum was organized jointly by Ethiopian Chamber of Commerce and Sectoral Associations and Sudanese counterpart in collaboration with the Ministry of Foreign of Ethiopia from 29th -30th April 2019 at Ellily Hotel, Addis Ababa.
Melaku Ezezew (Eng.), President of the Ethiopian Chamber of Commerce and Sectoral Associations said that Sudanese and Ethiopian businesses have undergone a remarkable increase in the bilateral trade in recent decades, particularly after the establishment of Common Market for East and Southern Africa (COMESA). Although there is an improvement of bilateral trade between the two countries, the actual intra-trade is less than expected.
The forum is believed to enhance the efforts made by both countries to consolidate their economic potential towards regional level, Engineer Melaku added.
In his opening remark, Ambassador Dawano Kedir, Permanent Secretary of Economic Diplomacy, Ethiopian Ministry of Foreign Affairs, said that the relation between Ethiopia and Sudan is very strong and positive in all areas especially in the areas of economic and political aspect. People to people relationship have also reached its highest level and the two countries have shared and collaborated in a wide range of areas of mutual concern including bilateral, regional and global issues. Ambassador Dawano also said that regardless of their excellent relationship in several areas, more should be done to strengthen the economic and business ties of the two countries.
Dr. Ibrahim Abdulkedir, representative of Sudanese Business Union, said that the relation between Sudan and Ethiopia are very deep and have long history. He further said that problems related to the use of Port Sudan, establishment of free zones on border and absence of inter-banking system between the two countries are the most obstacles which have crippled the trade relations of both countries.
Power presentations under the title “Investment Opportunities in Ethiopia, Trade Opportunities in Ethiopia, Investment and Trade Opportunities in Sudan” have been presented and a panel discussion on different topics related to trade and investment opportunities and challenges encountered between the two countries has been also well discussed.
The Sudanese companies with their Ethiopian counterparts representing different sectors have conducted B2B meetings.
Over 100 representatives of various private companies and high ranking government officials from Ethiopia and Sudan have taken part on the forum.
ECCSA Receives German delegates
Deputy Secretary General, Ato Wubei Mengistu with the concerned Members of the Management of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) received German delegates at the Chamber’s board room on April 30, 2019.
Deputy Director-General of European Policies in German Ministry of Economic Affairs and Energy, Dr. Heinz Hetmeier, said that the purpose of delegates visit to ECCSA is to discuss on the kind of training opportunity called the “Manager Training Programme” which will be provided by the German Government to CEO and managers of Ethiopian private companies. He further stated that the training, will be offering in Germany for four weeks, which is aimed to support the Ethiopian private sector by empowering the high ranking management peoples of the companies/enterprises to be in a position to better negotiate and contract with partners from foreign companies and to give insight how business is done well with Germans.
Mr. Reimut Duering, Program Director in Manager Training Programme of the German Ministry of Economic Affairs and Energy, said that ECCSA is expected to promote this training program throughout the country to aware the Ethiopian business community, organize the selection process and identify potential candidates to take part in the selection procedure of the programme.
Ato Wubei, on his part said that the training is a very important one which hoped to bring new knowledge and skill to Ethiopian business community so as to be competitive in the international market. ECCSA is a representative of the private sector of the country and well fitted and have the capacity to perform the tasks. The two parties need to further discuss on the issue with Ethiopia Ministry of Foreign Affairs and Ministry of Trade and Industry, and thus there should be a signing of an MOU and make joint action plans in order to implement the programme effectively, the Deputy Secretary General suggested.
It is learnt that he Manager Training Programme is started with Russia for the first time in 1998 and currently 13,000 managers from 19 partner countries have participated.
ECCSA Receives Biggest European Delegation from Germany
“We, as the private sector, have great interest to partner in business with Germany”, said Endalkachew Sime, Secretary General (S.G.) of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA).
Endalkachew said this during the official visit made by a High-Level Representatives of the Bavarian Business Delegation on 16th of April 2019 to the Chamber.
Headed by H.E. Ronald Weigert, Vice Minister of Bavarian State Ministry of Economic Affiars, Regional Development and Energy, the delegation was represented from Bavarian State Minister of Economy, and more than 20 Bavarian Industry Association, the nine Chambers of Commerce and Industry in Bavaria, various electronic, machinery, construction equipment, etc. companies and service giving sectors.
The main purpose of the visit of the delegation was to explore the potential investment opportunity available to the demand of the Bavarian businesses in Ethiopia.
Expressing the existing interest on the side of the State of Bavaria that the State was aroused by the incessantly growing economy Ethiopia has been scoring; the vice president clarified his demand of knowing about the investment conditions in Ethiopia.
Also, members of the delegation put forward their query on some legal, logistic, partnership and other issues of ease of doing business in the country.
The S.G. highlighted on some legal and logistic issues such as foreign currency, tender issues, potential labor force available and other investment incentives.
Stating that Ethiopian economy is growing, the S.G. pointed out to the delegation that there is a growing need for quality and better technology. As the presence of the private sector in the economy is also flourishing from time to time, the demand for partnership is also increasing, he added.
Finally, both sides agreed that there is a need to intensify dialogue on the following times in order to strengthen relation.
Ethiopia-Miami Business Forum Held
The Ethiopia-Miami Business Forum was organized by the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) in Partnership with Economic Development & Tourism Agency of Miami-Dade County on April 2, 2018 at Hilton Addis Hotel.
On the occasion, representatives of Miami business companies have made business to business matchmaking meetings with their Ethiopian counterparts.
During the Miami Branding Luncheon, explanations about economic impact of Miami-Dade County, Miami International Airport, Miami cargo services to Africa and Ethiopia, trade with Africa and Ethiopia, Port Miami, Miami tourism opportunities, and its unique resources as a brand have been delivered to participants.
Roundtable discussion has also been conducted between business women of the two sides regarding how to collaborate, work together, strengthen their business networking and related issues.
Ethio-UAE Business Forum Organized
The objective of the forum is to create a platform for the business communities of the two countries so as to further strengthen the existing economic ties and establish new business partnerships and joint ventures.
In his opening remarks, Ambassador Misganu Arega, State Minister of Ethiopian Trade and Industry stated that the current excellent diplomatic relation of the two countries would play important role in attracting more investment from the UAE. The Ambassador assured that his ministry is ready to provide the necessary support and facilitate trade and investment
On the occasion, Aklilu Hailemichael, State Minister of the Ethiopian Ministry of Foreign Affairs said the Ethiopian government is seriously working on to create a favorable business environment for the UAE companies to invest in Ethiopia. The time has come for UAE’S business community to seriously consider and ultimately seize the enormous business opportunities in Ethiopia, he added.
Mr. Abdullah Al Saleh, Undersecretary of Foreign Trade at the UAE Ministry of Economy, on his part said Ethiopia is the land of promising investment opportunities across a number of fields and sectors that are of priority on the UAE’s development agenda. He also said the forum allows to open up channels of communication and joint collaboration, which will help to overcome obstacles that hinder the export process to Ethiopia.
Power presentations under the title “Opportunities for Doing Business, UAE Economy at a Glance, Ethiopian Foreign Trade Opportunities and UAE-Ethiopia Business, Investment Challenges and Opportunities” have been presented and a panel discussion on ‘UAE-Ethiopia Exports Opportunities’ has conducted as well.
During the panel discussion, Endalkachew Sime, Secretary General of the Ethiopian Chamber of Commerce and Sectoral Associations, explained that Export of more processed goods from Ethiopia using the technology and experience of UAE will be an attractive investment. He further explained strategic linkage of prioritized sectors and win-win areas for the two private sectors of both countries have to be focused to exploit more and Ethiopia has much opportunity to offer specially countries which have geographic proximity and strategic location like UAE. Endalkachew has finally conveyed his message that the Ethiopian private sector is inviting UAE companies for joint venture as well as skill and technology transfer partnership.
About forty eight UAE business companies engaging in construction, food stuff, agribusiness, telecom, plastic, rubber, packaging, and technology sectors with their Ethiopian counterparts have made b2b meetings on the forum.
Istanbul Chamber to Cooperate with Ethio-Chamber
The Chamber Plans to Organize Brand Turkish Exhibition in Addis
Melaku Ezezew (Eng.), President of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), received on 18th of March 2019 a-five high level members of a delegation from Istanbul Chamber of Commerce headed by DURSUN TOPCU, Vice President of the Chamber at the President’s office.
The main purpose of the visit of the delegation was to discuss on the issue of the Chamber’s plan to organize an Exhibition here in Addis Ababa at the end of this year.
Expressing the existing interest on the side of Istanbul Chamber that the Chamber was aroused by the incessantly growing economy Ethiopia has been scoring; the vice president stated the significance of the exhibition in creating linkage with African market
Recalling that Africa is integrating through Africa Continental Free Trade Area (AfCFTA) and it is a good opportunity for Turkish companies to display their products to African market, ECCSA president remarked that they would make serious discussion on the technical issues of the exhibition.
It was also learnt that Istanbul Chamber would send business delegation to meet with Ethiopian companies before the event.
“ITME AFRICA 2020”, from 14th – 16th February 2020 at Millennium Hall, Addis Ababa, Ethiopia
Launch of an International Event by India ITME Society – ITME AFRICA 2020
China-Ethiopia industrial capacity cooperation expo opens in Addis
The Ethiopia-China Zhejiang Trade and Investment Symposium was jointly organized by the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), Ethiopian Ministry of Foreign Affairs and China Council for the Promotion of International Trade Zhejiang Provincial Committee on November 23, 2018 at Hilton Addis Hotel.
Organized by China International Exhibition Center (CIEC) and hosted by the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) in collaboration with China Council for the Promotion of International Trade (CCPIT), China brand exhibition is under display from December 3-6 2018 at Addis Ababa Exhibition Center. The exhibition specifically targets at industrial capacity cooperation between China and Africa, officials of the hosting groups from both countries revealed.
In his welcoming speech, Melaku Ezezew (Eng.), President of ECCSA, expressed his hope the event will deepen a comprehensive partnership of Ethiopia and China to further encourage their cooperation in the manufacturing industry and commerce.
Citing the Addis Ababa-Djibouti a trans-border electrified railway and the industrial parks constructed by Chinese companies in Ethiopia as marking the capacity cooperation platform, Mrs. Liu, Economic and Commercial Counselor of the office of the Embassy of People’s Republic of China to Ethiopia, expressed her view that the industrial capacity cooperation between China and Ethiopia will help Ethiopia’s industry in producing value adding products. Liu Jian, Deputy Manager of CIEC, on his part said the Chinese exhibitors plan is creating partnership with their Ethiopian counterparts.
On the expo that is scheduled on annual basis, more than 41 mega companies operating in the manufacturing of building materials, engineering logistics, machinery, energy equipment, agricultural and food processing products, environmental protection, trucks and auto spare parts, hotel management, household materials, as well as nuclear power and nuclear technology applications are showing their products, technologies, knowhow solutions. Memoranda of Understanding (MoU) between companies of the two countries were also signed.
Greening Ethiopian Manufacturing (GEM) Project
Ethiopia Chamber of Commerce & Sectoral Associations Greening Ethiopian Manufacturing (GEM) Project (Click to read)
Ethiopia-China Zhejiang Trade and Investment Symposium Organized
The Ethiopia-China Zhejiang Trade and Investment Symposium was jointly organized by the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), Ethiopian Ministry of Foreign Affairs and China Council for the Promotion of International Trade Zhejiang Provincial Committee on November 23, 2018 at Hilton Addis Hotel.
The Symposium was said to further promote trade and investment cooperation and relations between Ethiopia and Zhejiang, China.
On the symposium, Memorandum of Understanding (MOU) between Zhejiang Chinese Medical University and Addis Ababa University; and MOU between Zhejiang enterprises (Ethiopian Council for the Promotion of Peaceful Reunification of China, Jilin Traditional Chinese Medicine Health Industry Association, Zhejiang Brands Center, and Hangzhou Ganzhicao Technology Co. Ltd) and Addis Ababa University have been signed on areas of strengthening institutional cooperation.
Sixty Six (66) Chinese Zhejiang companies representing electronics, biomedicines, agriculture, environmental technology, trade development investment, plastic products, construction, energy, lighting, mining, fruit and vegetables, textile, medical university, security service, computer systems, furniture, petroleum, beverage and others sectors with its Ethiopian counterparts have made b2b meetings on the event.
Awareness Creation Workshop Organized
The Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) organized Awareness Creation Workshop on Access to Finance for Women Owned Enterprises and Small and Medium Enterprises (SMEs) on November 7, 2018 at Gihon Hotel, Addis Ababa.
The forum was aimed at creating awareness of women owned enterprises and SMEs to have access on financial resources.
A power point presentation about access on financial resources for women owned enterprises and SMEs by Development Bank of Ethiopia, Commercial Bank of Ethiopia, Enat Bank, Women Entrepreneurs Development Program and Federal Job Creation and Food Security Agency has been presented and discussed.”
It was discussed that women owned enterprises and SMEs need not only to have access to financial resources but also conducive working place, land, market, education and training opportunities so as to promote their business and to contribute for the growth of the country’s economy.
53 representatives from Women Owned Enterprises and SMEs have participated on the Workshop
11th Ethio-Chamber International Trade Fair Opens
The 11th Ethio-Chamber International Trade Fair, which is being organized by the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) has been officially opened on 1st November 2018 upon the presence of the guest of honor H.E. Fetlework Gebre Egziabher, Minister of Trade and Industry, and diplomats and representatives of the local and foreign companies at Addis Ababa Exhibition Center.
In her opening remark, Fetlework said that developing countries like Ethiopia depend on developed countries for finished products and technology, whereas developed ones depend heavily on developing countries for importing primarily agricultural products.
Since the government of Ethiopia is now working to add value to agricultural inputs through the industrialization policy where manufacturing has been given due concern, the government is providing the opportunity to the private sector, she remarked. “Promotional activities like a trade fair and similar events” she said, “are important for boosting industry.”
According to the Minister, the manufacturing sector would continue growing when there is a continuing and lively trade transaction because manufacturing without trading is only a half-way to achieve a desired target.
The Vice President of ECCSA, Assefa Gebresilassie in his welcoming speech said that the Ethio-Chamber International Trade Fair which is held under the motto: “Buy Ethiopian” is mainly aimed at promoting Ethiopian products (goods), services, and industrial inputs to enhance competitiveness of the local industries and attracting investment.
The ‘Buy Ethiopian’ motto has targeted not only in promoting Ethiopian products to the global market, it is also essentially linked with strengthening capacity of local markets, Assefa added. According to the Vice President, the 11th Ethio-Chamber International Trade Fair contributes greatly to scale up the Small and Medium Enterprises (SMEs) to the level of Medium and Large Industries (MLIs) as they might explore technological innovations and experiences of those cultures. On the Fair showing off for the next five consecutive days, about 213 local and foreign businesses from the Sudan, Somali-land, Egypt, Morocco, Iran, Britain, China and others are exhibiting diverse products from housing furniture to textile manufactures, from food consumptions to cosmetics and pharmaceuticals. So far, ECCSA has organized successfully ten international trade fairs annually which have brought significant contribution in promoting the country’s goods and services and scaling up competitiveness of local industries.
Mitigating Corruption: Said Principal for Business Development, October 9-10, 2018.
Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) in collaboration with COMESA-Business Council (CBC) and Center for International Private Enterprises (CIPE) organized from October 9-10, 2018 two-day training on “Anti-Corruption Compliance Training for Enterprises” under the theme: “Business Integrity for Enterprise Sustainability and Global Partnerships” for the private sector.
The training aims at capacitating enterprises: SMEs, medium and large corporates in formulating anti-corruption compliance measures/policies and ensures the implementation. Ms. Sandra Uwera, Chief Executive Officer, COMESA Business Council, in her opening statement said, combating corruption is a pre-requisite to enhancing regional integration. Africa sources 89 per cent of its imported inputs from outside the region, and the local SMEs haven’t benefited much from trade, regional integration and global opportunities because of the endemic corruption, she added.
Ato Addisu Tekle, Advisor to Secretary General, ECCSA, on his part said that although corruption is said to hit the global business, the prevailing one is gauged by the severe hit found in sub-Saharan Africa.
The anti-corruption compliance is said to mitigate corruption and strengthen the ability for local enterprises to develop sustainable enterprises and participate effectively in regional and global trade, indicates a press release by CBC.
According to Ato Awol Shifa, representative of ECCSA, over 70 trainees from ECCSA, Addis Chamber, Oromia Chamber and other companies and associations participated.
Finally, the trainees received their certificate of participation from the hand of president of the Oromia Chamber of Commerce and Sectoral Associations and member of the Board of Directors of ECCSA, Ato Taddese Genna.
Forum said to further Consolidate Countries Economic Ties, October 9, 2018.
Organized by the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) in association with the Ethiopian Ministry of Foreign Affairs (MoFA) and Tunisian Embassy to Ethiopia, the First Ethio-Tanusian Business Forum was held on 9th of October, 2018 at Sheraton Addis Hotel.
The aim of the forum is stated to further strengthen the existing economic ties of the two countries. On the forum, a power presentation about Ethiopian investment opportunities, the works of Ethiopian commodity exchange, Tunisian export, bilateral trade and cooperation has been presented.
Memorandum of Understanding (MoU) on business cooperation between the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) and Tunisian Union of Industry, Trade and Handicrafts (UTICA) was signed. The MoU was said to enhance a platform for work, exchange and cooperation bringing together the private operators from both countries, to promote trade and to encourage the creation of Ethiopian Tunisian joint ventures.
Ethiopian companies with their Tunisian counterparts engaged in areas of agro-food, international trade, chemical products, constriction materials, pipes and water filtration, sanitary items, hygiene products, paper furniture, school items, packing, Telecom, have made a b2b networking.
The “Greening Ethiopian Manufacturing” (GEM) project, hosted by the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), PRECISE Consult International and Inoa, Innovative Organizations is aiming at generating major opportunities for value addition for Ethiopian MSMIs focusing on the "green market segment." Endalkachew Sime, ECCSA Secretary General.
ECCSA Holds Discussion with German Delegation, October 4, 2018.
Melaku Ezezew (Eng.), President and Ato Endalkachew Sime, Secretary General (S.G.) of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), received six members of German delegation on October 4, 2018 and discussed on current development and business opportunities in Ethiopia , partnership, cooperation and various issues.
The reason of the delegation’s visit to ECCSA was for fact-finding mission to see how the development in Ethiopia is going on, to know about the countries business opportunities so as to encourage and support German companies to get contact and do business with Ethiopian companies in partnership.
The two parties have discussed on vocational training system, compulsory and voluntarily business membership, technology and knowledge transfer, Foreign Direct Investment (FDI), import substitution products, opportunities of trade, investment and market, conducive business environment.
They also discussed on the ways how the two countries Chambers work together in assisting the private companies to further promote trade and investment of Ethiopia and German for mutual advantage.
Workshops held, September 18 - 19, 2018.
Textile and Leather cluster workshops organized by Greening Ethiopian Manufacturing (GEM) project office was held on September 18 and 19, 2018 at Western Plus Addis Ababa Hotel.
The main objective of “Greening Ethiopian Manufacturing” (GEM) is to support Ethiopian Micro and Small scale Manufacturing Industries (MSMIs) in adoption of SCP practices and seizing green growth opportunities.
The project will initiate and support manufacturing clusters within which enterprises, researchers, designers, technologists, and other key value chain actors will come together, among others, to network with each other, learn best experiences, and jointly implement practical initiatives.
Key value chain actors come together, to network with each other, learn best experiences, and jointly implement practical initiatives.
The “Greening Ethiopian Manufacturing” (GEM) project, hosted by the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), PRECISE Consult International and Inoa, Innovative Organizations is aiming at generating major opportunities for value addition for Ethiopian MSMIs focusing on the "green market segment." Endalkachew Sime, ECCSA Secretary General.
"GEM is considering targeting textile, leather, and handicraft sub sectors. The project will contribute to capacity upgrading of micro, small, and medium enterprises through organizing skill upgrading training programs and small scale financing for introduction of sustainable practices. This will be inspired by awareness raising programs, good practices from the experiences of Slovenia, Europe, and other countries." HEYERU HUSSIEN, GEM project Coordinator.
ECCSA-CIPE Consultative Meeting Held, September 20, 2018.
Ethiopian Chamber Academy (ECA) in Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) facilitated a half day consultative meeting on 20th of September 2018 with Center for International Private Enterprise (CIPE) affiliated trainers at the board room of ECCSA.
Ato Ameha Hadege, Project Manager of ECA, said that the trainers are those who, associated with CIPE, provide chamber professionals certificate training under a training program designed by the ECA.
According to the Manager, the objective of the consultation was to discuss with the trainers on training delivery processes and incorporate their feedbacks so as to design a possible and workable platform.
ECA provides the certificate training with view of strengthening the competency and talent of the chamber professionals so that they render a better service delivery.
S.G. Receives Sri Lankan Delegation, September 14, 2018.
Endalkachew Sime, Secretary General (S.G.) of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), received on September 14th 2018 five members of a high level Sri Lankan delegation at his office.
The S.G. discussed with VASANTHA SENANAYAKE, State Minister of Foreign Affairs of Sri Lanka and Sumith Dassanayake, Ambassador of Sri Lanka to Ethiopia on ways of maximizing economic ties between their respective business communities. Stating that Ethiopia has a primary focus of attracting investment, technology and manufacturing, Endalkachew expressed the interest on Ethiopian side of inviting selected companies in the areas of textile and leather.
State Minister Senanayake on his part said that his country Sri Lanka has already a textile industry in Ethiopia and this time it has a desired interest to further increase.
The two sides discussed on ways of using a strategic approach of such as making joint activities by forming partnership and facilitate conditions for their respective companies to meet each other in respect of business and trade relations in the future. Finally, the discussion also focused on signing MoU which is believed to further help strengthen their bilateral relation towards bringing about a comparative advantage on both side.
Secretary General Holds Discussion with Portuguese Ambassador, September 14, 2018.
Ato Endalkachew Sime, Secretary General of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), held a discussion with Mrs. Helena Malcata, Ambassader of Portugal to Ethiopia at his office on 14th of Sept., 2018.
The reason of the delegate’s visit to the chamber was to look for current and actual information about Ethiopian investment, trade and market opportunities in order to inform the Portuguese private companies.
The two sides have discussed on the possibilities of how the Chamber and Embassy of Portugal work together so as to help the private companies of both countries in terms of partnership, promotion of trade and investment, exchange of delegations by organizing different business events such as forums, exhibitions, trade fairs, and b2b meetings so as to promote the trade and investment of Ethiopia and Portugal for mutual benefit.
ECCSA Receives UNDP delegation, September 12, 2018.
Ato Endalkachew Sime, Secretary General of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) received a delegation of three Senior UNDP Staffs at ECCSA’s Board room on 12th Sept., 2018 and discussed upon the ECCSA’s strategic priorities.
The meeting was aimed at discussing on ECCSA’s strategic plans in order to envision how UNDP capacity Need Identification Review could become responsive to the Chamber’s needs.
The two parties have discussed on ECCSA’s 2nd Five Year Strategic Plans regarding PSD, PPDs, NBA, the need of reformation for the private sector in its structural organization, the need of strengthening relationship of the private sector with the government institutions and development partners and other related issues.
It was learnt that UNDP Ethiopia Country office is going to undertake internal capacity needs identification review to make it more relevant and responsive to the Government Ethiopia strategic priorities.
Secretary General Holds Discussion with Indian Delegation, August 6, 2018.
Three members of Indian delegation headed by Mr.Kapil Agrawal, Chief Executive Officer of Overseas Spinning in Aditya Birla Group, talked to Ato Endalkachew Sime, Secretary General of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) about doing business on textile sector in Ethiopia on August 6, 2018 at his office.
Mr.Kapil Kapil has expressed about Aditya Birla Group and its interest especially in the textile sector for future investment in Ethiopia.
Ato Endalkachew on his part has provided information about the unexploited potential that exists in the textile sector, the conducive environment and incentives available in Ethiopia for foreign investors.
Aditya Birla Group is an Indian multinational company, headquartered in Mumbai, has interests in sectors such as viscose staple fibre, metals, cement , viscose filament yarn, branded apparel, carbonblack, chemicals, fertilizers, insulators, financial services, telecom, and IT services.
Ethiopia-Qatar Business Forum said to Strengthen Business Relation, July 30, 2018.
The Ethiopia-Qatar Business Forum organized by the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) with East Africa Gate (EAGate) and Qatari Development Bank (QDB) jointly, was held on 30th July, 2018 at Intercontinental Addis Hotel.
The event was aimed to further increase the business relation of Ethiopia and Qatar for their mutual advantage.
It was said that Ethiopia-Qatar Business Forum and the side line events can best be taken as good opportunity to further reinforcing bilateral relations and improving the business ties of the two countries.
Power point presentation regarding Ethiopia’s available business opportunities, market and other related topics has been presented. Business to business meeting was also arranged between representatives of the private companies from the two countries.
High ranking officials from both countries, over sixteen Qatari business companies engaging in areas of plastic, spring and foam matters, pillow, LED technologies, fiber glass reinforced plastic pipes and fittings, steel melting and hot rolling, wire and cable, manufacture of medical products, stainless steel door handles and glass accessories with their Ethiopian counterparts have attended the business forum.
ECCSA Holds Discussion with India ITME Society, July 23, 2018.
Melaku Ezezew (Eng.), President and Endalkachew Sime, Secretary General of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), received five members of Indian delegation headed by Seema Srivastava, Executive Director of India International Textile Machinery Exhibitions Society (India ITME Society) on 23th of July, 2018 at the Board Room of ECCSA.
The two parties have discussed on the participation of the private companies on the 2nd Global Textile Technology & Engineering Show 2019 to be held from 18th-20th of Jan, 2019 in Mumbai and ITME Africa 2020 to be held from 14th -16th of Feb, 2020 in Addis Ababa.
India ITME Society plays a vital role in strengthening the domestic as well as international Textile Industry by facilitating exchange of knowledge, technology transfer & encourages Foreign Direct Investments & Joint Ventures.
ECCSA Receives German Delegate, July 23, 2018.
Ato Endalkachew Sime, Secretary General of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) received Mr. Udo Traeger, Senior Exhibition Consultant in Exhibition Doctors from Germany on July 23, 2018 at his office and discussed on issues related to trade shows and exhibitions.
They have discussed on where and how exhibitions and tradeshows are organized in Ethiopia. It was also discussed that facility, regulation and capacity are core limitations in organizing trade shows in Ethiopia.
The Consultant is here in Ethiopia to look for facts/information in order to conduct a research on how trade shows and exhibitions are organized in professional manner.
President Holds Discussion with TDB Director, July 20, 2018.
Melaku Ezezew (Eng.), President of the Ethiopian Chamber of Commerce and Sectoral Associations received Mr. John Antoine Kevil Esther, Director of the Africa Trade and Development Bank (TDB) in Ethiopia on July 20, 2018 at his office.
They have discussed on the type of services the TDB offers and how the business community employs its loan service.
It was also said that the Bank is responsible to finance and foster trade, socio-economic development and regional economic integration through trade finance, project and infrastructure finance. It was learnt that TDB is an institution of COMESA and its head quarters are located in Burundi and Mauritius.
ECCSA Officials Hold Meeting with Turkish Delegation, July 16, 2018.
Melaku Ezezew (Eng.), President and Endalkachew Sime, Secretary General of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) received seven members of Turkish delegation headed by H.E. Mr. Fatih Ulusoy, Ambassador of Turkey on July 16, 2018 at ECCSA Board Room and discussed on major challenges Turkish investors encounter in Ethiopia.
The two sides discussed on the major challenges related to raw materials, electricity supply, taxation, foreign currency, wages of laborers, costs of transportation on ports during export and import, LG gas, unnecessary bureaucracy and other problems that Turkish Investors in Ethiopia have been facing so far.
ECCSA officials finally have promised the delegation that they strongly work in partnership and further discuss on the problems with the concerned Ethiopian government bodies in order to bring sustainable solutions.
ECCSA Receives Austrian Delegation, July 13, 2018.
Ato Endalkachew Sime, Secretary General of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) received a delegation headed by Mr. Werner Raza, Director of OFSE, Austrian Foundation for Development Research on July 13, 2018 at his office and discussed on leather industry and related issues.
The two parties have discussed and shared information on how the leather industry in Ethiopia obtains the necessary row materials, accessories, technologies, market destinations, partners to work in joint venture and others so as to further promote its export products.
2nd Ethiopian Business Run Colorfully Celebrated, June 17, 2018.
The Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), in partnership with Federal Ministry of Industry (MoI), European Union, and United Nations Industrial Development Organization (UNIDO) organized the 2nd Ethiopian Business Run which was colorfully celebrated on Sunday 17th June of 2018 here in Addis.
On the road race which started and ended at Meskel Square of Addis Ababa, covering 5k.m. participants comprised from various public organizations such as Ministry of Industry (MoI), Ethiopian Investment Commission (EIC); international organizations such as European Union and UNIDO; Federal Metal and Engineering Corporation, Medroc Technology Group, Ethio Power Engineering, Sunshine Construction, among others, participated.
The event was intended and organized to achieve the objective of raising the public awareness on the country’s course of industrialization and promote the role and engagement of the business community in the industry sector.
On his welcoming speech, Melaku Ezezew (Eng.), President of ECCSA, stating that one of the duties and responsibilities of the Chamber is promoting trade and investment and enhancing the capacity of the private sector towards such responsibility so as to play a leading role in the national economy, he emphasized that this business run is part of such endeavors.
The guest of honor, Minister of Ministry of Industry (MoI), Dr. Ambachew Mekonnon, in his opening speech said the Ethiopian Business Run is part of the national endeavors being made towards industrialization. Besides, he also forwarded his compliments to ECCSA, the organizer of the event for the initiation.
Country representative of the European Union, Mr. John, also reflected the interest of EU in supporting the country’s industrialization endeavors.
Abay Bank, Derba Cement, Ethiopian Air Lines, Beaka General Business, Roha Pack PLT P. Company, Ethiopian Insurance Organization, Gomeju Oil Ethiopia, Ahadu PLT Company, Medroc Technology Group, D.H. Geda, NETCO Trading, Tsehay Industrial Share Company, Tamra Techno packaging, and Fana Broadcasting Corporate (FBC) sponsored the event.
Champion organizations and individuals of the 2nd Ethiopian Business Run were awarded Trophy of encouragement and participation; partners and sponsors also received an award of appreciation and compliments.
ECCSA Receives Delegation from S&P Rating Agency, June 13, 2018.
Endalkachew Sime, Secretary General of Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) talked to a two member’s delegation from “Standard and Poor’s Ratings Agency” on 13th of June 2018 on various business issues at his office.
Gardner Rusike and Zahabia Gupta, Associates- Sovereign and International Public Finance Ratings, from Offices of South Africa and Dubai, United Arab Emirates respectively, raised various questions related to the private sectors overall involvement in the economy and on the available benefits of financial, logistics and of other facilities to the private sector, to which the Secretary General provided a brief highlights.
The S&P rating is a credit score that describes the general creditworthiness of a company, city or country that issues debt. It is a division of S&P Global that publishes financial research and analysis on stocks, bonds, and commodities
Meeting on Business Community Inquiries and Resentments Held, June 7, 2018.
The Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), with the Ethiopian Revenue and Customs Authority (ERCA), jointly organized a meeting on inquiries and resentments of the business community on June 07, 2018.
The objective of the meeting was to respond to complaints and questions of the business community as per the direction given by the Prime Minister, Dr. Abiy Ahimed who discussed with the representatives of the private companies in Ethiopia on April 16, 2018 at Sheraton Addis Hotel.
Melaku Ezezew (Eng.), President of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) presented questions and complaints of the business community regarding tax free, auditing, voucher, VAT, customs and related issues which were responded by the concerned high ranking officials of ERCA.
After additional questions raised by the participants were responded, the next meeting was proposed to be held on June 12, 2018 in order to have enough time to collect additional questions, complaints and evidences from the business community and to provide relevant responses to each of them by the concerned officials.
Member Chambers Said to Further Strengthen Ties and Work Together, May 25, 2018.
Organized by the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), Member Chambers Forum was held on May 25, 2018 at Board Room of ECCSA.
The aim of the forum was sharing experience and exchanging information among Member Chambers.
It was said that Member Chambers and ECCSA should strengthen their relationships among themselves and work together in order to make the business communities more competent and realize being the engine of the economy of the country.
On the forum, high ranking officials of the regional chambers and sectoral associations, Members of Board of Directors and Management of ECCSA have shared their vital experiences and information on different issues of their respective chambers and associations and also deliberated on the revised Proclamation No. 341/2003 of the Chamber.
It was learnt that such kind of forum is organized twice a year.
Public Private Consultative Forum Organized, May 24, 2018.
The Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), in partnership with the Ministry of Trade under the support of IFC- member of the World Bank Group, organized a Public Private Consultative Forum (PPCF) on the major challenges and solutions of milk, poultry and feed processing areas in Ethiopia on May 24, 2018 at Hilton Addis Hotel.
A power point presentation on the root causes, problems and recommended solutions in the businesses related to milk production, poultry farming and feed processing were presented and reflections have been made from both the private sector and the government sides, in the meantime, relevant inputs were identified so as to incorporate to the study.
A task force composed of seven members representing different sectors has also been established to follow up the implementation of the study.
High government officials, Members of Board of Directors of ECCSA, representatives from the business communities and stalk holders have participated actively on the forum.
Ethio-German Health Sector Business Forum Organized, April 26, 2018.
Ethiopia hosted the “1st Ethio-German Health Sector Business Forum” on 26 April, 2018 at Radisson Blue Hotel.
The objective of the forum is to create a platform for the business communities of Ethiopia and Germany to invest in health sector in partnership and further strengthen their economic ties.
Power point presentations regarding available investment opportunities in health and medicines in Ethiopia, Ethiopian investment environment, area of cooperation between the two countries, German healthcare industry, German healthcare market and other related topics were presented.
Panel discussions on “Investment, finance, and licensing of Ethiopia’s pharmaceutical manufacturing and healthcare; international trade regulations, international projects and capacity building program in Ethiopia’s health sector” and business to business meetings were also organized.
Senior government officials and representatives from private business companies of the two countries attended the business forum.
Ethio-Saudi Arabia B2B Held, April 25, 2018.
The Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) in collaboration with the Embassy of Saudi Arabia organized Ethio-Saudi Arabia business to business meeting on 25th April, 2018 at the board room of ECCSA.
According to Mr. Riyad, head of the Saudi business delegation, the meeting was aimed to further strengthen the exciting business relation and establish new investments between Saudi Arabia and Ethiopia. He also said that Saudi has the vision of 2030 which basically focuses in increasing its relation with neighboring countries like Ethiopia that has plenty of business potentials in agriculture and other sectors.
Ato Endalkachew Sime, Secretary General of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), on his part said that the two countries have got historical relationship which is not harnessed to economic advantage. The Secretary General further stated that Saudi Arabia is one of the strategic priorities of Ethiopia concerning agriculture and livestock products. He underscored Ethiopia has a lot of business opportunities to offer to Saudi Arabia.
On the meeting, detailed power point presentation about investment opportunities and incentives in Ethiopia, import and export items between the two countries was presented to Saudi business delegation and their Ethiopian counterparts representing various private business companies.
Prime Minister Dr. Abiy Ahmed, Government and the Private Sector Should Work Collaboratively, April 17, 2018.
Addis Ababa April 17/2018 Government and the private sector should work collaboratively to alleviate any problems in the private business environment and maintain the continuity of growth registered over the past years, Prime Minister Abiy Ahmed said.
In a consultative discussion he held with domestic and foreign investors yesterday, the Premier pointed out that "the prevailing challenges in the private sector should not be shouldered only to the government but we need to join hands to overcome them and move forward."
"The current shortage of foreign currency may continue to be a challenge over the coming 15-20 years," he said, and appealed to the business community to retrieve the money they have deposited in foreign countries and encourage the flow of remittance."
Abiy added that the government will firmly work to address the low project management skills, enhance productivity and market competitiveness of agricultural products in the years to come.
Speaking on the impediments of the financial and loan provision from banks, the Premier said "the two government owned banks will remain to intervene in special areas of development mainly due to limited sources."
Some 20 years back, government had been the sole exporter of coffee but now the participation of the private sector in the export of coffee is being encouraged and 15 private banks are already engaged in supporting the export sector, and added that "government intervention is limited in selected areas and will gradually phase out from the sector."
"Corruption has concurrently grown along with the development of the infrastructure sector over the past years," he noted, adding that "business persons should stand alongside the government in combating corruptors."
In its extended restructuring and evaluation measures, the government has admitted the prevalence of fraud and tax evasion, the Prime Minister said and added "we must not deny the fact that some if not all business persons have been dishonest in paying their income taxes."
Even though special privileges are needed to encourage domestic investors, foreign investors should also be provided with all the necessary incentives for they will facilitate the economic growth, create global market access, reduce unemployment and set the platform for the transfer of technology, he noted.
Instead of detesting the inflow of foreign investment you must move on to create joint-venture companies by cooperating with them, he added.
Furthermore, he urged the business community to carry out the responsibility of building national image considering themselves as ambassadors despite any differences they may have against the ruling party.
Mentioning government had not been able to fully empower women and utilize the uninterrupted potential they posses, Abiy said "soon the government will disclose new schemes to empower women and unleash their untapped potential."
According to Abiy, consultative forums about the financial and provision of land administration stumbling block of the private sector will be held with respective governmental bodies in the weeks to come.
Comprehensive works and concerted efforts will be exerted to maintain justice for citizens, scale up agricultural products by irrigating semi-arid areas, and ensure quality of education.
For this to happen, the Premier stated that structural reforms will be undertaken in the coming weeks in which priority will be given to agriculture, education and justice sectors.
ECCSA Officials Attending Belt and Road Trade & Investment Forum, April 12, 2018.
Engineer Melaku Ezezew, president of Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), with Ato Endalkachew Sime, Secretary General of ECCSA, Mr. Anthony Parkes, Director of World Chambers Federation and One of the member of the council of World Chamber Federation Attending Belt and Road Trade & Investment Forum, April 12, 2018, at Beijing, China.
Congratulations message, April 4, 2018.
The Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) offers His Excellency Dr. Abiy Ahimed, Chairman of the EPRDF, its most sincere congratulations upon His appointment of new responsibilities as the Prime Minister of the Federal Democratic Republic of Ethiopia.
Following His Excellency’s appointment by the House of the Representatives on 2nd of April 2018, ECCSA gives its assurance that under His Excellency’s great leadership, wisdom and guidance, both the government and the privates sector ECCSA represents would further strengthen the bilateral cooperation in the national development endeavor.
Finally, ECCSA, hoping and looking forward to productive cooperation, wishes to have a successful mission.
ECCSA-IHK: Talk on Strengthening Cooperation, March 27, 2018.
Endalkachew Sime, Secretary General of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), held on 27th of March, 2018 a short business cooperation conversation with Martin Fahling, Managing Director International Trade in IHK (Chamber of Commerce and Industry Reutlingen, Germany) at his office.
The officials discussed on areas of assistant engagement IHK may provide to ECCSA/BMOs.
The two sides agreed that they should strongly work basically in three core areas of strengthening regional integration, supporting the Public Private Dialogue (PPD), and capacity building, financial resources and technical supports.
ECCSA-India ITME Society: Partnership Discussion Conducted, March 26, 2018.
Melaku Ezezew (Eng.), President of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), along with Wubie Mengistu, Deputy Secretary General of ECCSA, received on 26th of March, 2018 a four member Indian delegation headed by S. Hari Shankar, Chairman of India International Textile Machinery Exhibitions Society (India ITME Society) at the Board Room of ECCSA.
The aim of the delegation’s visit is to look for business partnership among the respective businesses of the countries in the areas of textile sector.
Stating the untapped potential that exists in the textile sector and the priority given by Ethiopian government to the development of the industry, Melaku warmly welcomed the interest India ITME Society showed to build synergy between the textile industry of Ethiopia and the textile engineering industry of India.
According to Seema Srivastava, Executive Director of India ITME Society, the Society would work to bring investments, more opportunities and employments to Ethiopia with view of benefiting businesses of both sides.
The India ITME Society has been organizing a textile machinery exhibition since 1980 every four years for the development of modern technology for manufacturing, and has interest to organize international exhibition in Ethiopia and need local partners.
Finally, ECCSA offered an invitation to the India ITME Society to bring Indian companies to exhibit in the 11th Ethio-Chamber International Trade Fair to be held in Early November, 2018 in Addis Ababa.
Income Tax Regulation Needs Clarification: Officials Say, March 14, 2018.
Melaku Ezezew (Eng.), President of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) held a discussion with Ato Tegene Sisay from Ethiopian Bankers Association and Ato Jote from Oromya International Bank on March 14, 2018 at his office.
The two parties discussed on some articles of Federal Income Tax Proclamation No, 979/2016 and Council of Ministers Federal Income Tax Regulation.410/2017 that are not clear to execute. They have decided to organize a meeting with Ministry of Finance and Economic Cooperation, Ethiopian Revenue and Customs Authority and other concerned bodies and discuss on vague issues so as to have a common understanding.
ECCSA President Holds Discussion with AAU Delegation, March 14, 2018.
Melaku Ezezew (Eng.), President of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) received Professor Daniel Kitaw(Ph.D), Chair of Industrial Engineering Department and Dr.Eshetie Berhay from Institute of Technology, Addis Ababa University (AAU) on March 14, 2018 at his office and discussed on industrial and related issues.
The two parties have discussed on how ECCSA works with the Institute of Technology of AAU to support the private sector especially on the industrial matters. They have lastly agreed to form a committee in their respective institutes that can do a joint action plan and perform the actual activities cooperatively.
ECCSA Board of Directors Pay Visit to Tigray Region, March 11 -12, 2018.
Members of the Board of Directors of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), headed by Melaku Ezezew (Eng.), President of ECCSA, made a working visit to the Regional State of Tigray from March 11-12, 2018.
On two days stay in the Region, the Board visited Tigray Regional Chamber of Commerce and Sectoral Associations and Mekele Chamber of Commerce and Sectoral Associations as well as the regional and city Chambers of Sectoral Associations.
Inside line, the Board also held discussion with Trade and Industry Bureau of the region on various issues the two have in common, and paid a field visit to Mekele Industrial Parks.
ECCSA Organizes Press Conference on the 12th WCC, March 6, 2018.
The Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) organized a press conference to the Media on the 12th World Chambers Congress (WCC) on 6th of March 2018 at ECCSA Board Room.
In his press briefing, President of ECCSA, Melaku Ezezew (Eng.), said Ethiopia, one of the six countries proposed to host the 12th WCC to be held in 2021, is in a good condition in all aspects which enable it to host the Congress effectively.
In addition, presentations and panel discussions on various topics related to trade and investment are also being organized.
It was also said that WCC is aimed to create a platform to exchange business information, share best experiences, have the access for trade and investment opportunities, and transfer new business innovations among countries of chambers and other business organizations across the world.
On the press conference, the President and the Secretary General of ECCSA have reacted to various questions raised by the journalists regarding the 12th WCC.
Ethiopia hosting the 2nd International Agro-Industry Investment Form, March 5 - 8, 2018.
The 2nd International Agro-Industry Investment Form organized by the government of Ethiopia and UNIDO in partnership with UNDP and FAO is being conducted from March 5-8/2018 at Millennium Hall, Addis Ababa.
Companies representing textiles and garments, leather and leather products, food processing, horticulture, energy and other sectors display their goods to visitors.
In addition, presentations and panel discussions on various topics related to trade and investment are also being organized.
ECCSA Officials receive and hold talks with Director of the ICC, March 7, 2018.
Ethiopian chamber of commerce and Sectoral Associations president Engineer Melaku Ezezew and vise president Assefa Gebreselassie, accompanied with the Secretary General Endalkachew Sime, received and held talks with Director of the International Chamber of Commerce, Anthony Parks, at Bole International Airport VIP Salon on March 7, 2018.
ECCSA Officials Hold Courtesy Meeting with Turkey Ambassador: Three pertinent issues were raised high on agenda March 1, 2018.
Melaku Ezezew (Eng.), President and Endalkachew Sime, Secretary General of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) paid a courtesy visit on 1st of March 2018 to the Embassy of Turkey where they discussed on three pertinent issues with Ambassador Fatih Ulusoy.
The two sides discussed on the fact that Ethiopia is progressively becoming Foreign Direct Investment (FDI) destination to Turkey. This is the result of the historic and long standing relation ever growing between the two sisterly countries, they underscored.
The agenda that ECCSA and Embassy of Turkey should work in partnership to schedule Public Private Dialogue (PPD) with the government of Ethiopia in respect of the possible constraints Turkish investors face here in Ethiopia was also optimal on their meeting.
Last but not least part of their discussion revolves around the support the Embassy may offer to capacitate the Ethiopian Chamber Academy (ECA) in ECCSA. ECA is ECCSA Academy that provides on job trainings to both local and oversea business leaders and operators in view of building their managerial and leadership capacity.
ECCSA- Receives Austrian Delegation: The two sides discussed to explore what one can offer to the other, February 28, 2018.
Melaku Ezezew (Eng.), President and Endalkachew Sime, Secretary General of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) received a-four-members Austrian delegation headed by Mr. Kurt Mullauer, Commercial Counselor in Austrian Embassy, Commercial Section on February 28, 2018. The two sides discussed on various business issues that help further increase the bilateral business relation of the two countries.
The President and the Secretary General provided a short profile about the Chamber and forwarded briefings about the available investment opportunity and doing business potentials in Ethiopia..
The President explained about the available potential resources and the enabling environment that exists in the agro-industrial manufacturing sector in Ethiopia. For instance, Ethiopia produces about more than 30 million sesame plants every year and exports only in raw and also number one in Africa and number 3 in the world in cattle production but this sector still requires value addition, and they recommended that the businesses of the two sides would be able to cooperate.
Mentioning that ECCSA has a Chamber Academy that provides an on job training to the business community, and Austria is known for its education, the Secretary General said that ECCSA can use this opportunity to strengthen the Academy. He also mentioned that Ethiopia has partnership with most of Asian countries through South-South Cooperation; but, since from European countries only few are open to work with us, this would be a good opportunity to the two businesess.
Mr. Kurt Mullauer on his part reflected the prevailing interest on Austrian side for doing business in Ethiopia.
Speaking about the insignificance capacity of doing business in Africa, Patrick Sagweister, Deputy CEO of Advantage Austrial (International Arm of Chamber of Commerce in Austria), said that Austria is not as strong in Africa as it wishes to be, with only 1% of its total export. With this in mind, Austria wants to change it, he added.
Austrian companies do not have any investment in Ethiopia so far except some construction companies involving, the Deputy CEO said. Ethiopia and Austria have recently a bilateral trade volume of about 20-30 million EUROS a year which is very low yet. According to Patrick, Austria should be much stronger here. Austria is particularly strong in the manufacturing: in machines, in engineering and industrial utilities production. Austria has about 500 000 companies out of which 98% are (SMEs) and active globally which are market leaders in their sectors working internationally.
Finally, the two sides agreed to deeply discover points of their interest as to what one can offer to the other and meet for another meeting.
Ethio-Israel: Agricultural Workshop Conducted, February 22, 2018.
Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) in collaboration with Embassy of State of Israel to Ethiopia organized a half-day workshop on agriculture to local business operators on 22th Feb, 2018 at Elilly Hotel.
The workshop was aimed to look into Israeli solutions to Ethiopia’s agricultural needs. Ambassador of the State of Israel to Ethiopia, Mr. Raphel Morav, said Israel is known for its advanced technology in areas of irrigation, afforestation and other agricultural sectors.
The cooperation of Israel and Ethiopia in the sector is vital in modernizing Ethiopia’s agriculture as it has significant place in the country’s economy, he added.
Biniam Misgina, Director of Trade and Investment Promotion Directorate in ECCSA, on his part said that Ethiopia wants to modernize farming practices and increase productivity. For this reason, Israeli agricultural technology could have a significant impact on the growth of Ethiopia’s agricultural sector.
On the workshop, paper was also presented on water technologies and their use in agriculture. Meanwhile, the local companies were invited to attend “Israel Agritech 2018, the 20th International Agricultural exhibition and Conference which will be held in Tel Aviv, Israel on May 8-10, 2018.
More than 40 local businesses operating in horticulture, agricultural products import-export activities made business to business meeting with Israeli companies on what Israeli companies have to offer to Ethiopia.(CIPE).
BMOs Receiving Capacity Building Training, February 19-22, 2018.
Ethiopian Chamber Academy (ECA) in the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) is providing a-Four-day certificate training from February 19-22, 2018 to BMO Professionals on various topics at ECCSA Board Room.
Speaking about the significance of the training, Endalkachew Sime, Secretary General (S.G.) of ECCSA, in his opening remark pointed out that the program was provided to build organizational synthesis of the private sector through enhancing the leadership and managerial capacity of the BMOs.
According to the S.G., in order for the role of the private sector in the economy to grow, training programs have been designed as one of capacity programs in the Chamber System.
The training is given on eight topics such as Organizational Governance, Association Leadership, Membership Development, and Business Advocacy and related others.
The four-day training was provided to Secretary Generals and other professionals comprised from member chambers, and at the end of the day, the trainees shall be expected to bring about a better performance in their respective organizations.
The training is supported by Center for International Private Enterprise (CIPE).
Ethio-Turkish Business Forum Held, February 20, 2018.
Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) in collaboration with Embassy of Turkey to Ethiopia and Turkish Machinery Exporters’ Association organized the Ethio-Turkish Business Forum on 20th Feb, 2018 at Hilton Hotel.
The forum was aimed to create a platform in which the two countries’ business companies engaging in exporting and importing agricultural machineries are to be networked and deal their businesses in order to further promote trade and investment relations.
On the forum, business to business meeting was arranged between eleven Turkish companies representing machinery sector and sixty Ethiopian private companies from various sectors.
Women Entrepreneurs Said to be Supported and Encouraged, February 14, 2018
The Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) with Federal Urban Job Creation and Food Security Agency signed the Memorandum of Understanding (MOU) to work together on how women entrepreneurs are supported and encouraged, held on February 14, 2018.
Organized by ECCSA, the aim of the MoU signing was said to have a joint platform in which the two Institutions can capacitate women entrepreneurs with tailor made training, finance and advice so as to expand their businesses and create jobs.
Corporate Social Responsibility Strategy Said to Contribute for Growth and Sustainability of Investment, February 08, 2018
The Ministry of Industry in partnership with the Private Sector Development-Hub (PSD-Hub) under the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), organized a meeting on preliminary study of corporate social responsibility strategy on 8 February, 2018.
The meeting was aimed at discussing on the preliminary study and contributing inputs to develop strategy of corporate social responsibility.
On the meeting, the concept of corporate social responsibility and its international experiences was presented and deliberated on.
It was said that corporate social responsibility strategy contributes to the growth and sustainability of investment and economy of the country.
Secretary General Holds Discussion with French Delegation, February 07, 2018
Ato Endalikachew Semie, Secretary General of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), received Mr. Julien Ravalais Casanava, in charge of International Cooperation Department of Business France and Mrs. Magali Pialat, Senior Trade Advisor for Business France Addis Ababa on Feb. 07, 2018 at his office and discussed on various partnership issues.
The two parties discussed on how to work in partnership interims of promotion of investment, attracting investors, capacity building, exchange of delegations by organizing different business events and b2b meetings.
Dr. Aklilu Meets with Board Members of the Ethiopian Chamber of Commerce and Sectoral Associations, January 22, 2018
State Minister for Business and Economic Affairs, Dr. Aklilu Hailemichael met with the Board Members of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) on January 22, 2018 at his office.
Appreciating the initiative the Board Members took to discuss on matters of enhancing the MFA-ECCSA collaboration, Dr. Aklilu raised issues, including export promotion, conference tourism as well as ECCSA linkage to other counterparts.
He further said the Ministry of Foreign Affairs will continuously support the ECCSA, in the latter’s efforts to promote Ethiopia's produces and services, the investment opportunities and the country's tourism potentials.
Long Historical Relationship of Two Countries Said to be Developed into Economic Relationship, January 15, 2018
Engineer Melaku Ezezew President of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), received Mr. Raphael Morav, Ambassador of Israeli Embassy to Ethiopia at his office on January 15, 2018 and discussed on economic and other related issues.
The two parties discussed on the ways how Ethiopia and Israel further reinforce their economic relationships in order to promote their trade and investment.
Engineer Melaku said that Ethiopia and Israel has got long historical relationship either religious, political, and social which should be developed into economic relationship for mutual benefit of both countries.
Mr. Raphael on his part said that bureaucracy, restriction of foreign currency, problems on taxes have to be resolved in order to make the investment environment favorable to Israeli investors.
It was learnt that the major area of interest for Israeli investors are irrigation, water treatment, cycling of water, greenhouse, waste treatment, fertilizers and other agricultural sector.
FCNBM - Rummages for Membership in ECCSA, January 5, 2018
Endalikachew Semie, Secretary General (S.G.) of The Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), received on January 5, 2018 at his office Eric Yu, Representative of China National Building Materials & Equipment Import and Export Corporation (CNBM). The purpose of Mr. Yu’s visit was to introduce CNBM and seek for cooperation with ECCSA.
Endalkachew, who provided the delegation with a short briefing about the overall activities of ECCSA, warmly welcomed and hosted CNBM’s cooperation interest. Recalling that ECCSA has big project initiated to construct a new and a comprehensive building at the rear of the old one, and is pursuing the construction of Chamber Hub and there is a need for materializing the projects, the S.G. expressed there is an open room for CNBM to use the opportunity to work in partner with ECCSA.
Mr. Yu also expressed the interest of his Corporation to be member of ECCSA and the S.G. positively hosted the matter as long as CNBM is a registered company in Ethiopia.
CNBM, the largest state-owned group in Chinese building materials industry and the largest cement manufacturer in the world, has been in Ethiopian market over ten years dealing as general contractor for Cement Plants, Glass Plants, Gypsum Plants as well as Plant Modification and Upgrading, Water Treatment System, Waste Power Generation Project, Beer and Beverage Processing Plants and Package Plants.
Mr. Yu said CNBM is the one designed and constructed Derba MIDROC Cement, and right now, it is running the National Cement, Mugher Cement, and Derba Cement.
FDRE MoFA’s Representative in Guizhou Province, China Pays Courtesy Visit, December 26, 2017
Endalikachew Semie, Secretary General of The Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), received on December 26, 2017 at his office Mr. Teferi Melesse, FDRE Ministry of Foreign Affairs (MoFA), Business Diplomacy Director in Guizhou Province in China who made a courtesy visit to ECCSA before his departure. In the meantime, the officials discussed on mutual activities ECCSA and MoFA would cooperate.
The Secretary General expressed his feeling if the two sides work together in facilitating the provision of up-to-date information in the promotion of trade and investment activities undertaken between the two sides recommending that exchange of information should be as timely as possible.
Endalkachew also urged Teferi to make his effort to communicate Chinese investors, who would be interested to cooperate in the Chamber Hub development project, the biggest ever project proposed by the Chamber. There is also a need to promote the Ethio-Chamber International Trade Fairs that is conducted annually and the various publications of ECCSA so that Chinese investors and companies should be addressed, the Secretary General added.
They also provided an explanation that there is the opportunity for Egyptian companies to invest either in partnership or joint venture with their Ethiopian counterparts in textile, farms, and agro-processing. It was also briefed that since agro-processing is not well started, and there is an integrated agro-processing industrial park, the businesses of the two countries would be able to join their respective potential in the area.
Recalling that Ethiopia was designated to host the 12th World Chamber Congress (WCC) in 2021, Endalkachew also requested for cooperation in disseminating information.
The Director General, Teferi, on his part said that his Directorate works to the best it could be to strengthen the trade and investment relation between the two sides. He also promised his Directorate would work in identifying Chines companies that would be interested to work in joint venture.
Finally, the two sides agreed if they work on 4th industrial revolution with more emphasis.
ECSSA Holds Discussion with Italian Delegation, December 18, 2017
Ato Endalikachew Semie, Secretary General of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), received five members of Italian Delegation on December 18, 2017 at his office and discussed on bilateral and partnership issues. The delegation requested ECCSA to facilitate the establishment of a cross boarder Italian chamber of commerce here in Ethiopia, in which both the Italian and Ethiopian businesses would be members. The delegation also was interested in forming partnership with Ethiopians to commence cable buses for transportation in Addis Ababa.
Ato Endalikachew said that ECCSA is ready to work according to its law and proclamation and to collaborate with the Italian counterpart for mutual benefit of the two countries. The Secretary General also stated that the Italians can open a registered branch office in Ethiopia which represents the Italian National Chamber of Commerce or Ethio-Italian Business Council as an option.
The two sides agreed that the business details of the projects’ proposals should be sent to ECCSA for further discussion, facilitation and decision
Staff Vows: Better Attainment with Better Commitment and Team Spirit, December 8-9, 2017
ECCSA 4 month performance report & 8 month plan discussed
Staff also paid visit to Industrial Park
Staff of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) discussed from December 8-9, 2017 on the last four months performance report and on the remaining eight months plan of the budget year.
Speaking about the purpose of the event, Wubie Mengistu, Deputy Secretary General of ECCSA, pointed out that it was designed, after making immense deliberation on the ins and outs of the strengths and weaknesses observed, in a way it would motivate the staff for subsequent activities and for activities in progress.
It was reported that the last four months performance was much more encouraging when compared against the plan of action in respect of effectively accomplishing the goals of ECCSA’s strategic plan.
As indicated in the report, although better performance was made, much more would be expected to achieve the goals set in the remaining eight months of the budget year especially with the strategic points of building the capacity of the member chambers and enhancing the financial sustainability of ECCSA.
Meanwhile, the staff also paid a short visit to Hawassa Industrial Park, the flagship program which is known for its being environmentally friendly eco-park project.
Located on 300 hectares of land, the Hawassa Industrial Park is dedicated to producing textile and textile fabrics with three objectives of generating foreign currency, creating jobs and facilitating market linkages, as evidences obtained.
Egypt to Look to Escalate Partnership, 1st of December, 2017
Melaku Ezezew (Eng.), President and Endalkachew Sime, Secretary General of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) received on the 1st of December, 2017 a four member Egyptian delegation headed by Abou Bakr Hefny Mahmoud, Ambassador of Egypt and Permanent Representative to the AU & UN ECA, at the President’s office.
The Ambassador stated that they have interest to invest in the area of livestock, agriculture and industrial parks development. Pointing out that there are fish farms here in Ethiopia, the Ambassador disclosed that there is robust drive to expand the livestock farm on a more scientific basis. Egypt is one of the biggest importers of meat in the world and Ethiopia would be Egypt’s first client, the Ambassador added.
Welcoming the delegation for the interest shown to doing business with Ethiopia, the President and the Secretary General provided a short brief about the available investment opportunity and doing business potentials in Ethiopia and the duties and responsibilities of ECCSA.
They also provided an explanation that there is the opportunity for Egyptian companies to invest either in partnership or joint venture with their Ethiopian counterparts in textile, farms, and agro-processing. It was also briefed that since agro-processing is not well started, and there is an integrated agro-processing industrial park, the businesses of the two countries would be able to join their respective potential in the area.Stating that Ethiopia and Egypt has thousands of years of historical relations, the two sides have seen this visit as escalating this longstanding relation into a level of economic cooperation.
So far, Elsewedy Electric, and some other companies are operating in Ethiopia, it was learned. It was also stated that the current trade balance between Ethiopia and Egypt is 1billion USD.
ECCSA Receives US Delegation, 8th November, 2017
The Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) received a US delegation from US- Africa Business Center, US Chamber of Commerce, on November 8, 2017 at the Chamber’s Board room and discussed on the activities the two entities will undertake in cooperation.
The aim of the meeting was discussing on the possible areas of collaboration between ECCSA and US- Africa Business Center (USAfBC).
A power point presentation on the overall activities and services provided by ECCSA, Ethio-US business relations, exported and imported commodities, possible areas of cooperation between the two countries and other related topic was presented from ECCSA side and the delegation reflected on it.
The two sides agreed to work jointly in the future on the ways they strengthen their relations in the future especially issues on how trade and investment is promoted, supporting of capacity building, sharing of best practices, membership protection, fundraising, providing incentives for associations and others.
It was learnt that USAfBC is the top voice advocating for increased trade between the United States and Africa, with a focus on leading the US business community in a new period of unprecedented engagement with Africa’s regional economic communities.
ECCSA-Media: Stepping in Mutual Partnership, November 2-3, 2017
The media were facilitated with awareness raising training on media utilization for advocacy CMNF was also established
The Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) organized from November 2-3, 2017, an awareness raising training on business reporting and media utilization for advocacy to government and private media professionals at Adama, Dire International Hotel. Chamber-Media Networking Forum (CMNF) was also established.
The main purpose of the training is to enhance the understanding and the practical skills of the journalists on business reporting and media utilization for advocacy.
The program tried to draw on cases to highlight good practices and identify lessons of real life experience of the journalists on business reporting and media utilization for advocacy.
Meanwhile, after an in-depth discussion on the importance and significance of the Forum, the two institutions: ECCSA and the Media, also established CMNF.
Speaking on the event, Endalkachew Sime, Secretary General of ECCSA, stated that the significance of the Forum was to strengthen and ensure the sustainability of the media intervention in the private sector’s development by creating a common platform between ECCSA and the media.
According to the Secretary General, the media intervention should be in a way it promotes the domestic private sector as the domestic private sector, apart from its economic partner of the society, is one of the key components of the society.
“Therefore,” said Ato Endalkachew, “there is a need for the media to produce a balanced story where facts would be illustrated as they are, with of course a merciless constructive criticism”. “In so doing, we would be able to build trust among citizens”, the Secretary added.
Debebe Abebe, Corporate Communications and Public Relations Director in ECCSA on his part said that strong and sustainable media intervention is a prerequisite to address the Chamber System and its mandates stipulated in the establishment proclamation no.341/2003 to the vast audience across the country and globally.
The media intervention contributes to an informed economic condition and allows the business community, government bodies and the entire people to form views and make informed choices in respect of visionary development, the Director added.
The CMNF, said the Director, is, therefore, an important contribution to the development of the private sector in that it holds a significant potential for its growth and competitiveness both locally and at international stages.
The training was financed by the Private Sector’s Development (PSD) Hub, a project supported by Sida in ECCSA and was provided by Center for African Leadership Studies (CALS).
8th GA: Thought “Enduring, but Fruitful”, 27th October, 2017
Despite the persistent hardship over a year, as many assumed, the 8th General Assembly of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA) conducted on October 27, 2017 at Hilton Hotel officially elected members of the new Board of Directors: President, Vice President and nine Board of Directors that are going to lead the Chamber for the next two consecutive years.
Accordingly, Engineer Melaku Ezezew, President of Amhara Chamber of Commerce And Sectoral Associations (ACCSA) and Ato Aseffa Gebresillasie, President of Tigray Chamber of Commerce and Sectoral Associations (TCCSA) were designated the next President and Vice President of ECCSA respectively.
Similarly, Mrs. Teminet Solomon, Dr. Aynalem Abayneh, Ato Abebayehu Girma, Ato Eyassu Mosisa, Ato Ashenafi Feleke, Ato Teshale Fisehatsion, Ato Tadesse Genna, Dr. Hasen Abdulahi and Ato Engida Beyene were also nominated members of the Board of Directors.
It was a year ago that the GA had to undertake the electoral procedure of the Board of Directors in spite of its pending for almost more than a year. In a press release delivered to journalists a few months ago, the out-going President of ECCSA, Ato Solomon Afework, had provided an explanation that the root causes of such coincidences were the existence of injustice and absence of rule of law among some of the member chambers in electoral procedures.
It was learned that the National Chamber formed a committee and task force that held the issue and made a report of all the complaints made by the member chambers where the problem aggravates, and delivered it to the concerned government bodies: Ministry of Trade (MoT) and Ministry of Industry (MoI).
MoT and MoI, having looked into the cases thoroughly, have made their decisions, based on the findings that the Chambers under question had been found against the proclamation and the regulation of the private sector (indorsed in Sept. 2014), that they would resolve the situation.
The GA, which is represented by 176 seats, has, at the end, finalized peacefully the electoral procedure that undergone through disputable moments over a year.
Finally, the former Board of Directors: Ato Solomon Afework, President; Ato Abebaw Mekonnen, Vice President; and the nine board members; honorably delivered the place and officially out-went while the in-coming ones took over the place taking a solemn oath of loyalty.
ECCSA Receives GIZ Representative, 12th October, 2017
Ato Endalkachew Sime, Secretary General of the Ethiopian Chamber of Commerce and Sectoral Associations (ECCSA), received Mr. Ulrich Stephan, Quality Management Senior Expert in Tegbare-Id Polytechnic College and Representative of GIZ, working in sustainable training and education program, on 12th of October, 2017 at his office.
As Mr. Ulrich said that the purpose of his visit was to discuss on how to strengthen the ties between TVET and the industry sector and also to invite ECCSA so as to participate on the international Technical and Vocational Education and Training (TVET) Conference which will be organized by GIZ. The concern in the future is making TVET qualitative center for Education and Training which is strongly related to demand driven of the industry, he added.
Ato Endalkachew on his part stated that Germany is among the few strategic partners with which Ethiopia needs to further maximize its relationship. The Secretary General also said that ECCSA wants to frame its partnership with Germany in the form of project in the area of technical and vocational capacity building and do the initiative in the Chamber Academy in the future in order to produce and bring the trained and educated people to the industry sector properly.
It was learnt that in line with the Ethiopian Government’s objectives, GIZ with Ethiopia currently focuses on the area of labor-market-oriented education and training
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