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



E-Passport Service Begins with Local Production Set for October


E-Passport Service Begins with Local Production Set for October

Immigration & Citizenship Services (ICS) has commenced e-passport issuance supported by an inventory of 1.5 million passports, with local production scheduled to begin in October. ICS invested 2.5 billion Br in telecom and data center infrastructure, and an additional 80 million dollar in document procurement. This included 1.5 million passports (50 dollars each), 300,000 alien passports and yellow cards (eight dollars each), and half a million emergency travel documents and laissez-passers (five dollars each) “This is a massive investment,” ICS Deputy Director-General Gosa Demissie told Fortune. Passport holders may continue to utilize their existing documents until expiration. Officials have announced that the e-passport service will maintain the current fee structure and assures delivery within a period of two months and 10 days. Toppan Security Ethiopia S.C., a joint venture established in 2023, has expedited e-passport printing at its 55 million dollar industrial security plant in Bole Lemi Industrial Park. The venture comprises Toppan Gravity (51pc), a subsidiary of Japan-based Toppan Inc., and Ethiopian Investment Holdings (EIH), through its subsidiaries, Berhanena Selam Printing Enterprise (BSPE) and Education Materials Production Distribution Enterprise (EMPDE). Brook Taye (PhD), CEO of EIH, described the arrangement as “one of the most important strategic investments to date.” At full capacity, the plant is expected to print over five million passports annually and will also implement a digital identity verification system. The e-passports feature an embedded chip that stores MRP data and biometric information, including facial recognition, fingerprints, and iris scans, increasing security.

[ssba-buttons]

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...