Alibaba AliExpress Enters Ethiopian Market: MKTY Appointed as Official Business Partner and Launches Africa’s First AliExpress Showroom

Alibaba Group’s AliExpress has made a significant entry into the Ethiopian market, signaling a major step forward in the region’s e-commerce development. The global e-commerce platform has appointed MKTY as its Official Business Partner in Ethiopia, a move that highlights the strategic importance of Ethiopia as a gateway to broader African markets. This partnership is poised to transform the digital retail landscape in the country, offering new opportunities for both consumers and local businesses. In collaboration with AliExpress, MKTY has established the first AliExpress Showroom on the African continent, situated in the heart of Addis Ababa. This state-of-the-art facility is designed to serve as a physical touchpoint for Ethiopian consumers and businesses alike. Visitors to the showroom can explore an extensive array of products sourced from around the globe, spanning electronics, fashion, home goods, and more. The showroom also provides an immersive experience for customers to engage with the AliExpress brand, offering personalized assistance and demonstrations on how to make the most of the platform’s e-commerce services. For local businesses, the showroom acts as a hub of innovation and support, providing expert guidance on how to leverage AliExpress’s global network to expand their reach beyond Ethiopian borders. This initiative is expected to empower small and medium-sized enterprises (SMEs) by offering them direct access to international markets, thus boosting their potential for growth and profitability. To further enhance its entry into the Ethiopian market, AliExpress has rolled out a dedicated Ethiopian portal that caters specifically to the needs of local consumers and businesses. This portal offers a range of exclusive benefits designed to attract and retain customers, including: These launch offers are available for a limited time, emphasizing the urgency for consumers and businesses to take advantage of these benefits as they explore the new portal. The entry of AliExpress into Ethiopia is expected to have a profound impact on the country’s digital economy. By providing a platform for Ethiopian businesses to connect with global markets, AliExpress is helping to bridge the gap between local SMEs and international consumers. This can potentially lead to increased export opportunities, higher revenues, and a more competitive business environment within Ethiopia. Moreover, the presence of a physical showroom in Addis Ababa serves as a tangible demonstration of Alibaba’s commitment to fostering e-commerce in Africa. It also provides an opportunity for Ethiopian consumers to experience e-commerce in a more interactive and engaging way, which could accelerate the adoption of online shopping in the country. The collaboration between AliExpress and MKTY marks the beginning of a new era for e-commerce in Ethiopia. By combining AliExpress’s global reach and technological expertise with MKTY’s deep understanding of the Ethiopian market, this partnership is well-positioned to drive significant advancements in the country’s retail and digital sectors. As Ethiopia continues to embrace digital transformation, the AliExpress Showroom and Ethiopian portal are expected to play a central role in shaping the future of commerce in the country. Local businesses now have unprecedented opportunities to scale up, while consumers gain access to a wider variety of affordable and high-quality products from around the world.

Grand Ethiopian Renaissance Dam Reaches New Milestone with Units 7-10 Fully Operational

Addis Ababa, Ethiopia – The Grand Ethiopian Renaissance Dam (GERD) has reached another significant milestone with the successful activation of Units #7, #8, #9, and #10, which are now fully operational. These developments are part of Ethiopia’s broader efforts to enhance its power generation capacity and secure energy independence. Unit #7 began generating power today, initially producing 25 MW and is expected to rapidly scale up to its full capacity of 400 MW. The activation of these units is crucial to the ongoing progress of GERD, which, once fully operational, is set to be the largest hydroelectric power plant in Africa. The GERD project, situated on the Blue Nile River in the Benishangul-Gumuz region, is designed with a total of 13 turbines. The dam’s overall installed capacity is 5,150 MW, derived from: This mix of turbine capacities brings GERD’s total installed capacity to: [\text{Total Capacity (P)} = (11 \times 400) + (2 \times 375) = 4,400 + 750 = 5,150 \text{ MW}] With the current units online, GERD is significantly boosting Ethiopia’s power generation capabilities, supporting both domestic energy needs and the country’s ambitions to export electricity to neighboring countries. The next stage of GERD’s development includes the planned activation of two additional turbines, which is expected to occur after the dam’s fifth filling, scheduled for September. This step will further enhance the dam’s generating capacity and solidify its role as a key asset in Ethiopia’s energy infrastructure. GERD, a flagship project for Ethiopia, is central to the country’s vision of economic development and energy security. The dam has been under construction since 2011 and, once fully completed, will not only provide a significant boost to Ethiopia’s power supply but also contribute to regional stability through energy trade. The project has been closely monitored both domestically and internationally, given its scale and the implications for water resource management in the Nile Basin. As the dam continues to progress, it remains a focal point in Ethiopia’s strategy to become a regional energy hub, leveraging its natural resources to drive sustainable development.

A Tale of Two Times: Aklilu Lemma and Heman Bekele’s Timeless Innovations in Soap

From Ethiopia to the World: The Transformative Power of Soap in the Hands of Two Visionaries In the rich tapestry of Ethiopia’s history, two figures stand out for their innovative use of a seemingly simple substance: soap. Aklilu Lemma, a pioneering scientist, and Heman Bekele, a young prodigy, have both harnessed the power of soap to address some of the world’s most pressing health challenges. Their stories, separated by decades but united by a shared heritage and a common goal, highlight the profound impact that ingenuity, nurtured in Ethiopia, can have on the global stage. Born in 1935 in Addis Ababa, Aklilu Lemma grew up with a deep curiosity about the natural world. This curiosity led him to study biology and medicine, eventually culminating in a discovery that would revolutionize the fight against schistosomiasis, a debilitating parasitic disease affecting millions in developing countries. Aklilu’s breakthrough came from observing a traditional Ethiopian practice. Women in rural areas used the berries of the Endod plant (Phytolacca dodecandra) as soap for washing clothes. He noticed that in the rivers where this practice was common, the freshwater snails that spread schistosomiasis were notably absent. Intrigued, Aklilu conducted research and found that the saponins in the Endod plant were effective in killing these snails, thus breaking the cycle of disease transmission. This discovery was a game-changer. It provided a simple, cost-effective, and locally available method to combat a deadly disease. Aklilu’s work earned him international recognition and numerous awards, including the prestigious Right Livelihood Award. His legacy lives on as a testament to how traditional knowledge, coupled with scientific inquiry, can lead to groundbreaking solutions. Fast forward to the present day, and another Ethiopian, Heman Bekele, is making waves with his own soap-related innovation. Born in Addis Ababa and raised in the United States, Heman has always been driven by a passion for science. This passion, combined with a deep concern for public health, led him to create a soap that could one day treat and prevent multiple forms of skin cancer. Heman’s inspiration came from observing the harsh realities of sun exposure. He recalled seeing laborers in Ethiopia working under the scorching sun without protection, a memory that stayed with him even after moving to the U.S. Determined to make a difference, Heman began researching skin cancer and the potential treatments available. He learned about imiquimod, a drug that shows promise in fighting various forms of skin cancer but is often expensive and inaccessible. Heman’s solution was both simple and ingenious: a bar of soap infused with lipid-based nanoparticles carrying the drug. This would allow the therapeutic agent to linger on the skin even after washing, making it more accessible and affordable than traditional treatments. His invention won him the 3M Young Scientist Challenge, along with $25,000 to further his research. Heman’s dedication to solving a global health issue did not go unnoticed. In October 2023, his innovative work earned him the prestigious title of 3M Young Scientist Challenge winner. But that was just the beginning. The recognition of his groundbreaking idea and his commitment to public health propelled him into the national spotlight. Heman’s story of perseverance, creativity, and a desire to make a meaningful impact on the world caught the attention of TIME magazine. Each year, TIME selects a Kid of the Year who exemplifies extraordinary achievement and promise. Heman, with his vision of creating a soap that could revolutionize skin cancer treatment, fit the bill perfectly. His ability to think beyond the conventional and address a critical health issue with such a simple yet effective solution led TIME to name him Kid of the Year for 2024. As Kid of the Year, Heman joins an elite group of young innovators who are making a difference in the world. His recognition by TIME magazine highlights not only his individual brilliance but also the broader potential of young people to contribute to global solutions. It’s a reminder that age is no barrier to innovation, and that the drive to help others can lead to remarkable achievements. Though separated by time and the specifics of their work, Aklilu Lemma and Heman Bekele share a common thread that ties them to their Ethiopian roots. Both saw potential in a simple bar of soap—a household item often taken for granted—and transformed it into a tool for public health. Their innovations are not just about soap; they are about harnessing local knowledge, addressing global health challenges, and improving lives. Ethiopia, with its rich history and vibrant culture, has produced countless visionaries who have made significant contributions to the world. Aklilu and Heman are part of this legacy, demonstrating how a blend of traditional practices and modern science can yield solutions that resonate far beyond their origins. In a world where health disparities are often stark, the stories of these two Ethiopians offer a powerful reminder: sometimes, the simplest ideas—rooted in everyday life—can have the most profound impact. Whether it’s using a plant-based soap to combat a parasitic disease or infusing a bar of soap with cancer-fighting agents, the ingenuity and determination of Aklilu Lemma and Heman Bekele continue to inspire, proving that great ideas can come from anywhere, and that they can change the world.

Nearly Ten Years of Service: Savor Addis Closes First Location Amid Eviction, Opens New Branch

Savor Addis, a renowned restaurant in Addis Ababa, recently announced the closure of its first location after nine years of operation. This decision coincides with the sudden eviction of the Eneredada Multipurpose Consumers Union, which managed the property for 47 years. The union, comprising over 270 members, received an abrupt directive to vacate the premises to make way for new development projects. Despite this setback, Savor Addis is planning to open a new branch behind Flamingo and will launch delivery services soon to continue serving its loyal customers. The Eneredada Cooperative, which has historically managed significant properties in the Bole area, was evicted without prior written notice, leading to significant controversy and legal challenges. The Addis Ababa city administration has cited a cabinet decision as the basis for the eviction, though the cooperative is seeking formal documentation and legal recourse. The social media post from Savor Addis expressed mixed emotions over the closure, highlighting the community’s support and loyalty as the backbone of their journey. The restaurant assured customers that this is not a final goodbye but a temporary pause as they actively scout for a new location around the Bole Atlas area. In the meantime, Savor Addis is thrilled to announce the opening of their new branch behind Flamingo, expected in just a few weeks. Alongside this new location, they will be launching delivery services to continue serving their patrons with the same dedication and love. Stay Connected: Savor Addis has encouraged its customers to stay connected through social media for updates on their journey and future announcements. The restaurant thanked its patrons for being an essential part of their story and expressed hope for continued support in their new endeavors.

Nearly Ten Years of Service: Savor Addis Closes First Location Amid Eviction, Opens New Branch

Savor Addis, a renowned restaurant in Addis Ababa, recently announced the closure of its first location after nine years of operation. This decision coincides with the sudden eviction of the Eneredada Multipurpose Consumers Union, which managed the property for 47 years. The union, comprising over 270 members, received an abrupt directive to vacate the premises to make way for new development projects. Despite this setback, Savor Addis is planning to open a new branch behind Flamingo and will launch delivery services soon to continue serving its loyal customers. The Eneredada Cooperative, which has historically managed significant properties in the Bole area, was evicted without prior written notice, leading to significant controversy and legal challenges. The Addis Ababa city administration has cited a cabinet decision as the basis for the eviction, though the cooperative is seeking formal documentation and legal recourse. The social media post from Savor Addis expressed mixed emotions over the closure, highlighting the community’s support and loyalty as the backbone of their journey. The restaurant assured customers that this is not a final goodbye but a temporary pause as they actively scout for a new location around the Bole Atlas area. In the meantime, Savor Addis is thrilled to announce the opening of their new branch behind Flamingo, expected in just a few weeks. Alongside this new location, they will be launching delivery services to continue serving their patrons with the same dedication and love. Stay Connected: Savor Addis has encouraged its customers to stay connected through social media for updates on their journey and future announcements. The restaurant thanked its patrons for being an essential part of their story and expressed hope for continued support in their new endeavors.

Teff prices skyrocket, farmers blame authorities, hoarding intensifies

Residents of Addis Ababa and other major Ethiopian cities are being slammed by an exploding teff price, which has reached above 7,000 birr per quintal. The significant price increase puts the staple out of reach for the majority of consumers, contradicting officials’ claims that food inflation is under control. Food inflation reached 33.6 percent in January 2023, up from 33.9 percent the previous month, according to the Ethiopian Statistical Service (ESS). The rate is much lower than the change in the price of teff, which is a staple food for most Ethiopians and has gone up at least 50 percent since last year. Traders blamed farmers for the price hike, saying that the farmers are hoarding the commodity, which has caused a shortage in the market. In urban areas, cooperative unions control the lion’s share of the market. They buy the cash crop from the farmer and sell it to consumers with a low profit margin. Ude Cooperative, situated in Oromia, is one such entity that provides the crop to Addis Ababa’s consumer unions and traders. “Farmers don’t want to sell their harvested teff to us because we pay much less than the traders do,” said Abera Mengiste, head of Ude Cooperative. Oromia Cooperative Agency, the entity in charge of overseeing cooperative unions, reports that only two of the 10 cooperatives tasked with purchasing teff from farmers actually get the product from the farmers. “The farmers do not want to sell, but stockpile what they produce,” Eshete Gemeda, a senior official of the Agency, told The Reporter. In Oromia, cooperatives aren’t allowed to buy teff at the market rate because they are only allowed to use the price set by the regional government. They can now pay 4,500 birr for teff that is of the highest quality (which is often referred to as “magna”). Traders pay as much as 6,000 birr for the same quality of the commodity. Farmers blame authorities in Oromia Region for their oversight while setting the price of teff. “The regional government’s pricing does not account for the costs we pay while planting the crop. The cost of fertilizer for this year’s planting was more than double, with the price of improved seed showing a drastic upsurge likewise,” Dechasa Adugna, a farmer in Becho Woreda, Awash Guge, South West Shewa Zone, told The Reporter. It is a sentiment shared by most farmers cultivating in the region. “During harvest, we pay daily laborers in addition to the costs of buying improved seed and fertilizer. The prices of several of the foods we eat, such as cooking oil and sugar, have also gone up recently, adding to our financial burden,” said Berhanu Angasa, another farmer involved in the production of teff in South West Shewa. In 2021, during the Meher harvest season, almost 2.8 million farmers harvested a total of 26.9 million quintals of teff in Oromia. About the same time, the crop spread throughout 1.3 million hectares of land. In comparison, in the Amhara Region, 2.7 million farmers harvested 20.9 million quintals of teff from one million hectares during the same period of time. The Ethiopian Statistical Agency has not yet released statistics for the next year or season. Since teff’s output and land use have fallen over the last five years, the price of this staple crop has skyrocketed, increasing by a factor of four. Keseem Cooperative Union is led by Amekele Tarkegn and is situated in Amhara Region, where farmers are free to sell their produce at the current market price. Amekele believes that the current jump in the price of teff is attributable to the meteoric rise in demand for the commodity in Tigray. “There is a great demand for teff in Tigray; hence, a considerable quantity is transported there. And because of the conflict that has been going on for two years, the local farmers have not been able to produce very much. Insufficient demand may be behind the current price increase,” said Amekele. Contributed by Helen Tesfaye

Car market sees sharp price fall

The price of new automobiles has dropped significantly in the last three weeks, putting the automotive industry in the midst of another dramatic shift in events. The change in price comes just two months after the central bank banned the imports of vehicles, along with 37 other items, with letters of credit. The ban made it impossible for businesses that imported new cars to take advantage of the low tax that was put in place to reduce pollution from old cars. Experts expected the price would increase, as the ban means low supply, which could lead to an increase in the cost of vehicles. “Some vehicles see a decline by as much as half a million birr,” said Azmeraw Girma, a broker working around the Mesqel Flower area. The most sought-after car in the market, the Suzuki Dzire 2022, is now available in the car market for 1.8 million birr. It is a decrease from the 2.3 million birr observed before the ban was placed by the central bank. The Suzuki Swift 2022, which was being sold for as much as 2.8 million birr, is now being sold for two million birr, according to market insiders. The same change has also been seen in the used vehicle market. Vehicles like the Toyota Yaris (the automatic ones) have seen their prices decline by over a quarter of a million birr and are now being traded for 1.2 million birr. “Surprisingly, even the price of cars like Woyane (injection) dwindled from 800,000 birr to almost 650,000 birr now,” said a car retailer in the Haya Hulet area, attributing the price change to the falling demand for vehicles in the last two months. “I don’t think it is related to the ban. For instance, most of the buyers of new cars were bankers. They have somehow been doing so lately, as banks are not approving large amounts of loans as they have in the past,” added the retailer. The price of the Toyota Vitz, another popular car on the market, saw a significant decline too. It has dropped from 1.5 million birr to almost one million birr in the market.

Car market sees sharp price fall

The price of new automobiles has dropped significantly in the last three weeks, putting the automotive industry in the midst of another dramatic shift in events. The change in price comes just two months after the central bank banned the imports of vehicles, along with 37 other items, with letters of credit. The ban made it impossible for businesses that imported new cars to take advantage of the low tax that was put in place to reduce pollution from old cars. Experts expected the price would increase, as the ban means low supply, which could lead to an increase in the cost of vehicles. “Some vehicles see a decline by as much as half a million birr,” said Azmeraw Girma, a broker working around the Mesqel Flower area. The most sought-after car in the market, the Suzuki Dzire 2022, is now available in the car market for 1.8 million birr. It is a decrease from the 2.3 million birr observed before the ban was placed by the central bank. The Suzuki Swift 2022, which was being sold for as much as 2.8 million birr, is now being sold for two million birr, according to market insiders. The same change has also been seen in the used vehicle market. Vehicles like the Toyota Yaris (the automatic ones) have seen their prices decline by over a quarter of a million birr and are now being traded for 1.2 million birr. “Surprisingly, even the price of cars like Woyane (injection) dwindled from 800,000 birr to almost 650,000 birr now,” said a car retailer in the Haya Hulet area, attributing the price change to the falling demand for vehicles in the last two months. “I don’t think it is related to the ban. For instance, most of the buyers of new cars were bankers. They have somehow been doing so lately, as banks are not approving large amounts of loans as they have in the past,” added the retailer. The price of the Toyota Vitz, another popular car on the market, saw a significant decline too. It has dropped from 1.5 million birr to almost one million birr in the market.

Inflation hits 35.1 percent, the highest in over a decade

Headline inflation reached 35.1 percent last month, said the Ethiopian Statistics Service in its report delayed by over two weeks from the usual timeline. Last month’s inflation is the highest in over a decade, a development the Service attributed to the holiday season, which is characterized by spike in prices of food items. Cost of living has been surging in the last two years, due to supply side problems and fast depreciation of Birr against major baskets of foreign currencies, among others. The soar in prices of food is the major factor for the inflationary pressure. Last month, food inflation stood at 41.6 percent, the highest in three months. The cost of non-food items also exhibited an upsurge last month. It has reached 26.6 percent, the highest in over 10 years.