NBE Drafts Rule to Tighten Bank Ownership Transfers

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...

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...

Lawmakers Warn Contractors Over Cost Overruns, Project Delays

The Standing Committee for Urban, Infrastructure & Transport Affairs of the parliament has urged stricter enforcement of timelines, budgets, and quality standards in public construction projects across the country. The recommendation followed field inspections conducted by the committee at several sites overseen by the Ethiopian Construction Authority(ECA), including developments at the Federal Supreme Court, the Federal Documents Authentication and Registration Service (DARS), the Ethiop...