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




Authority Revives Delayed Road Project

Dec 28 , 2019


[ssba-buttons]

The Ethiopian Roads Authority (ERA) kicked off the construction of Worabe-Bojeber asphalt concrete road on December 26, 2019. The inauguration ceremony was attended by Minister of Peace Muferiat Kamil, Minister of Transport Dagmawit Moges, Deputy Head of SNNP Regional State Ristu Yirdaw, State Minister for Transport Hiwot Mosisa and Director of the Ethiopian Roads Authority Habtamu Tegegne. Markan Trading Plc was awarded the construction contract for 795 million Br after the contract given for Yemane Girmay was terminated for underperformance. The road is expected to be completed within three years, and Stadia Engineering Works Consulting Plc will supervise the project. The road will have a length of 40.5Km and a width of 21.5m including the shoulder, although it will be 12m wide in kebelesand 10m in width in rural areas. Once the road becomes operational, it will connect the main road that stretches from Addis Abeba to Hosanna with Butajira rural roads.


Radar

Liquidity Relief, Reform Pressure Meet as World Bank Prepares Major Budget Support

The World Bank is set to approve a 1.45 billion dollar budget support package for the Ethiopian government on June 25, 2026. The announcement came alongside a high-level consultation at the Ethiopian Skylight Hotel, where leaders from the Ethiopian Chambers of Commerce and Sectoral Associations (ECCSA) met with private sector representatives and the National Council. The package follows an earlier 17 billion dollar credit and summer service support allocation. The institution has anchored key...


Radar

Cabinet Approves 502b Birr Budget as City Returns to Federal Subsidy

The Addis Abeba City Cabinet has approved a 502 billion Br budget for the 2026/27 fiscal year, a fiscal plan that marks a return to federal subsidies despite previous claims of municipal self-sufficiency. The budget, now awaiting final ratification by the City Council, incorporates a federal subsidy of more than 74 million Br. This policy reversal follows the 2025/26 mid-year salary revisions for civil servants, implemented to buffer the inflationary impact of the floating Birr on the cost of...


Radar

Global Analytics Meets Local Insight as WAAS Partners With Kantar in Ethiopia Expansion

WAAS International Plc has partnered with global analytics firm Kantar on June 12, 2026, to introduce predictive analytics and consumer tracking tools into the country's corporate market. The collaboration blends Kantar's global methodologies with WAAS's 35-year local data archive to support business leaders operating in a liberalising economy. WAAS Managing Director Efera Busa said the partnership connects global expertise with local context, delivering standardised metrics without losing cu...