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Ethiopia-China Cooperation Committee Bridges the Gap to Rural Electrification

Oct 2 , 2023


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With hopes of scaling up the solar power capacity through a special vehicle funding system, the Ethiopia-China Cooperation Committee has a discussion with the Ethiopian Investment Commission (EIC) officials on its Light Up Ethiopia Villages program. Deputy Commissioner Temesgen Tilahun expressed his commitment to the realisation of the project and implementation of the wider engagement. China has been Ethiopia's largest source of investment for decades in addition to its grants and loans for several government projects. Its investors play a pivotal role in creating job opportunities and transferring technology in the country most of them still involved in industrial parks. Led by the Committee president Betty Xu (PhD) the project aims to increase the business and investment of Chinese enterprises and build an all-round high-end service platform between the two countries.


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...