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




Standard Institute Revamps Fees, Board Restructuring

Jun 15 , 2024


[ssba-buttons]

The Ethiopian Standards Institute (ESI) is set to introduce fees for standards sticker, establish a new governing board, and address collaboration with other regulatory bodies. The Institute plans to strengthen its financial standing by charging fees for standards and product certification services to support its operations and annual budget. A key change involves replacing the current Council of Standards with an 11-member Board of Directors. The Minister of Trade & Regional Integration would chair this board, potentially impacting decision-making processes. The proposed reforms have sparked discussions. The Addis Abeba Chamber of Commerce has recommended including industry representatives on the board to ensure transparency and address potential conflicts of interest. The Food & Drug Authority raised concerns about potential contradictions in the definition of "standard approval" within the draft legislation. The rationale behind charging manufacturers for both product certification by the Ethiopian Conformity Assessment Enterprise (ECAE) and separate fees for compliance stickers was also questioned.


Radar

MOENCO Introduces BYD Shark 6 as Hybrid Demand Gains Ground

Motor & Engineering Company of Ethiopia (MOENCO), the sole authorised dealer for BYD in Ethiopia, officially launched the BYD Shark 6, a plug-in hybrid electric vehicle (PHEV) pickup truck, at the Science Museum in Addis Abeba on May 22, 2026. The high-profile launch drew senior government officials, industry leaders, and representatives from BYD. Unlike the fully electric models previously introduced by MOENCO, the Shark 6 combines electric and fuel-powered performance to navigate both c...


Radar

Ethiopia, Djibouti Explore New Petroleum, Gas Pipeline Network

Djibouti President Ismail Omar Guelleh held talks with Brook Taye, head of Ethiopian Investment Holdings (EIH), over planned cross-border energy infrastructure projects linking the two countries. During a meeting held in Djibouti on Wednesday, Brook said Ethiopia and the Dangote Group are preparing to jointly implement a two-phase energy corridor project with Djibouti. The first phase focuses on constructing a pipeline that would transport refined petroleum products from the Port of Djibou...


Radar

Addis Abeba Relaxes Procurement Restrictions to Prevent Health Crisis

The Addis Abeba Finance Bureau has partially lifted its city-wide procurement freeze, exempting life-saving medical supplies from a fourth-quarter spending ban. The bureau had earlier imposed a sweeping restriction on municipal expenditure to enforce fiscal discipline and curb end-of-year budget pressures across public institutions. However, the blanket freeze raised concerns within the health sector, with hospitals warning of shortages in essential supplies. Officials acknowledged that re...