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Vietnam Deepens Diplomatic Ties with Ethiopia


Vietnam Deepens Diplomatic Ties with Ethiopia

Prime Minister Abiy Ahmed (PhD) and his Vietnamese counterpart, Phm Minh Chính, oversaw the signing of a series of cooperation agreements during Abiy’s official visit to Hanoi—the first by an Ethiopian leader in over half a century. Two memoranda of understanding were signed to expand collaboration in trade and education, while a civil aviation agreement was also concluded, setting the stage for Ethiopian Airlines to begin direct flights between Addis Abeba and Hanoi. Marking more than 50 years of diplomatic relations, both countries expressed optimism that the agreements would open doors to deeper engagement across key sectors. Following the ceremony, the two leaders led bilateral talks alongside their delegations. Discussions covered domestic reforms and outlined potential areas for political and economic cooperation, including investment and knowledge exchange.

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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...


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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...