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




Ministry to Boost Power Supply by Four-Fold

Jan 11 , 2020


[ssba-buttons]

The Ministry of Water, Irrigation & Energy launched a new road map that aims at boosting the country’s power supply by four-fold from its current generating capacity. While having a capacity of generating 40,000MW to 50,000MW of electric power, the country only generates 4,400MW from water and other renewable energy sources, according to the Ministry. The 10-year energy road map aims at expanding the power-generating ability of Ethiopia and to meet the demand, according to Frehiwot Weldehana (PhD), state minister for Water, Irrigation & Energy. The current 20,000Km of electric line coverage will be upgraded to 34,000Km, while the existing 204 electric distribution stations will expand to 256, according to the road map. Ethiopia will also generate 20,000MW of energy at the end of the 10 years, of which 14,000MW will come from hydro, while 1,700MW, 900MW and 2,000MW will be generated from solar, geothermal and wind sources, respectively.


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...