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



Ethiopia Electric Utility Faces Heavy Losses from Infrastructure Vandalism


Ethiopia Electric Utility Faces Heavy Losses from Infrastructure Vandalism

The Ethiopian Electric Utility recorded significant financial losses during the first four months of 2018 due to vandalism, theft, and deliberate damage. Transformer vandalism caused over 23 million Br in damages, while overhead and underground cables added nearly 89 million Br, resulting in 36.45 gigawatt-hours of lost electricity, valued at around 13.18 million Br. Public infrastructure, including roads and service vehicles, suffered an additional 18 million Br in damages, bringing total losses to an estimated 143.3 million Br. Authorities have opened ten criminal investigations into the incidents. Vandalism and theft of energy assets carry penalties of five to 20 years’ imprisonment and fines of up to 50,000 Br, depending on the offence. To improve monitoring, the Ethiopian Electric Utility has set up a toll-free call centre and SMS service at 908, encouraging citizens to report any observed incidents to safeguard national assets.

[ssba-buttons]

Radar

Creditors Open Way for Ethiopia's Eurobond Restructuring

Ethiopia has cleared a key hurdle in restructuring its one billion dollar Eurobond after the Official Creditor Committee (OCC) approved the latest agreement with private bondholders. The OCC said the deal meets its “comparability of treatment” principle, allowing the government to proceed with restructuring the bond, which matured in 2024. The approval follows renewed negotiations after official creditors rejected an earlier agreement reached in January. Under the new agreement, reache...


Radar

University Cutoff Leaves Most Exam Takers Behind

Only 70,544 students, or 12.8pc of those who sat the Ethiopian Secondary School Leaving Certificate Examination (ESSLCE), scored above the 50pc threshold required for university admission. Education Minister Berhanu Nega (Prof.) disclosed the results during a press briefing last Saturday. Nearly 32pc of the successful candidates were from Addis Abeba, giving the city the highest share. Oromia Regional State followed, while Amhara Regional State accounted for the remaining share. The res...


Radar

Dairy Drive Turns to Farmers to Cut Import Reliance

A five-year dairy project targeting 350,000 farmers has increased average milk production per cow by 3.8 litres a day, supporting Ethiopia's effort to replace imported dairy products with domestic output. The Ministry of Agriculture leads the initiative in collaboration with SNV's BRIDGE Plus project. It combines cow-focused advisory services, technology, market links and farmer capacity-building to raise dairy productivity. The work has centred on helping farmers produce surplus milk for sal...