FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds




Tigray State Welcomes Debretsion as President

Sep 27 , 2020


[ssba-buttons]

Debretsion Gebremichael (PhD) was sworn in as Tigray Regional State's president after he was unanimously elected by the newly constituted northern regional council, which is increasingly at odds with the federal government. Debretsion has been serving as a vice president of the Regional State for not having a legislative position until he secured a seat in the regional council during the recent regional elections, dismissed by federal authorities as “null and void." The chairperson of the ruling Tigray People's Liberation Front (TPLF), Debretsion was appointed as vice president in January 2018, four months ahead of Abiy Ahmed (PhD) being elected as Prime Minister. During the latest elections held earlier this month, Debretsion ran for election for the constituency of the town of Adwa, a few kilometres from the border with Eritrea. The regional council has also legislated a bill that paves a way for opposition parties to have a non-voting presence in the regional council. The opposition is offered the opportunity to propose agendas and bills; present motions; and make policy suggestions, as well as nominate appointees.


Radar

Federal Prosecutors Accuse Public Officials, Contractors of Corruption, Alleged Illicit Fund Transfers

Federal prosecutors have filed corruption and money laundering charges against 11 defendants, including Nigstu Bogale, Coordinator of the Development Project for Response to the Impact of Refugees in the Horn of Africa at the Ministry of Agriculture, Biniyam Fantaye and Taye Habte, senior irrigation engineers involved in the Development Response to Displacement Impacts Project (DRDIP-II), as well as private individuals and construction company representatives. The case alleges losses and illicit...


Radar

EIH Transitions to New Headquarters as It Oversees Major State-Owned Enterprises

Ethiopian Investment Holdings (EIH) is relocating its headquarters from its current site on General Wingate Street. The former headquarters was located behind the Ministry of Industry and near Abrehot Library. The new office is expected to be on Mozambique Street, along the route from Mexico Square to Bulgaria Road. The building belongs to one of EIH's subsidiaries, and all departments are set to move there as interior design and finishing works continue. Under the leadership of Brook Taye...


Radar

Import Substitution Push Lifts Domestic Manufacturing, Industrial Recovery

A push for import substitution and industrial expansion has prioritised 96 strategic products for local manufacturing. The “Ethiopia Tamirt” initiative reports 4.85 billion dollars in savings, supported by trade fairs linking local producers to domestic and international markets. On average, 700 new projects enter the market annually, contributing to more than 2,800 investments over four years. At the grassroots level, 18,000 SMEs have been established, while 993 dormant factories have...