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[Aug 2017] COMESA Latest Ethiopian News AddisBiz.com | Ethiopian Business Directory & Portal - Addis Biz

Diaper Manufacturing Plant Breaks New Ground in Hawassa

Ontex Hygienic Disposables Plc, a manufacturer of Canbebe brand diapers, in partnership with Tracon Trading Plc, inaugurated the first diaper manufacturing plant in Hawassa Industrial Park (HIP) on Tuesday, July 11, 2017, with a quarter of a billion Br investment.

The new plant rests under an 11,000sqm shed in the HIP. It already started the production of Canbebe diapers a week before its inauguration. The company produces 700 diapers a minute with its German made machines.

As for the pilot stage, the plant functions in one

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PTA to Expand New Brand

In a bid to widen its outreach to more African countries, as well as increase its funding for more sectors the Preferential Trade Area (PTA) Bank, commonly known as the Eastern & Southern African Trade & Development Bank of the Common Market for Eastern and Southern Africa (COMESA) has re-branded and changed its name to the Trade & Development Bank (TDB). The Bank announced the new brand in December, 2016 in Nairobi.

The rebrand was launched at the Sheraton Addis Hotel on January 26, 2016 in the presence of TDB’s

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Ethiopia Eases towards COMESA Free Trade Area

The Ethiopian government is finalising instruments and expediting internal consultations for the accession of the Common Market for Eastern & Southern Africa (COMESA) Free Trade Area (FTA).

Industry areas in which the country is going to join the free trade area have been identified by the Ministry of Finance and Economic Development (MoFED) at the end of 2014. MoFED’s study conducted at the end of 2014 recommended a phase by phase approach to accede into the COMESA FTA and accordingly, categorised three trade areas based on

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