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




Ministry Gears Up to Host Manufacturing Event

Mar 25 , 2023


[ssba-buttons]

Over 350 local manufacturers, foreign investors and more than a quarter million visitors are expected to gather in an event aiming to expand the market destinations of locally manufactured products. Melaku Alebel, minister of Industry said the project intends to promote import substitution, expand the manufacturers' market destination, and increase export volume. According to Melaku, the Ministry has been paying close attention to the sector, learning from international countries such as Malaysia, Singapore, and Japan at the launching ceremony. Dubbed "Made in Ethiopia", the event is organised by the Ministry of Industry in the month of May at the Millennium Hall, on Africa Avenue (Bole Road). The Prime Minister introduced the national initiative last year with the goal of developing a competitive manufacturing industry by addressing the issues the industry is facing. Melaku said manufacturers and financial institutions should engage in the event and discuss the policies in the manufacturing sector.


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...