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




Parliament Approves 786 million Br for Five Institutions

May 29 , 2021


[ssba-buttons]

Parliament's Standing Committee for Revenue, Budget and Finance affairs, chaired by Yayesh Tesfahunegn, has approved a 786 million Br budget for the next fiscal year for five public institutions. The National Electoral Board of Ethiopia (NEBE), which is currently undergoing preparations for the sixth national elections scheduled to take place in late June 2021, got approval for a budget of 93.5 million Br. The committee also granted 103 million to the Ethiopian Human Rights Commission, 337 million Br for the secretariat of the House of People's Representatives, and 59 million Br for the parliamentary secretariat. In addition, 85 million Br was approved for the Federal Ombudsman. These institutions had previously submitted their budget requests to the Ministry of Finance, which were approved accordingly. Their aggregate budget requests amounted to 1.3 billion Br Over the current fiscal year, the Ethiopian Human Rights Commission has been operating with an approved budget of 74.5 million Br, 64.7 million Br for the Federal Ombudsman, and 2.5 billion Br for the NEBE.


Radar

Liquidity Relief, Reform Pressure Meet as World Bank Prepares Major Budget Support

The World Bank is set to approve a 1.45 billion dollar budget support package for the Ethiopian government on June 25, 2026. The announcement came alongside a high-level consultation at the Ethiopian Skylight Hotel, where leaders from the Ethiopian Chambers of Commerce and Sectoral Associations (ECCSA) met with private sector representatives and the National Council. The package follows an earlier 17 billion dollar credit and summer service support allocation. The institution has anchored key...


Radar

Cabinet Approves 502b Birr Budget as City Returns to Federal Subsidy

The Addis Abeba City Cabinet has approved a 502 billion Br budget for the 2026/27 fiscal year, a fiscal plan that marks a return to federal subsidies despite previous claims of municipal self-sufficiency. The budget, now awaiting final ratification by the City Council, incorporates a federal subsidy of more than 74 million Br. This policy reversal follows the 2025/26 mid-year salary revisions for civil servants, implemented to buffer the inflationary impact of the floating Birr on the cost of...


Radar

Global Analytics Meets Local Insight as WAAS Partners With Kantar in Ethiopia Expansion

WAAS International Plc has partnered with global analytics firm Kantar on June 12, 2026, to introduce predictive analytics and consumer tracking tools into the country's corporate market. The collaboration blends Kantar's global methodologies with WAAS's 35-year local data archive to support business leaders operating in a liberalising economy. WAAS Managing Director Efera Busa said the partnership connects global expertise with local context, delivering standardised metrics without losing cu...