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




Bole Lemi, Dire Dawa Industrial Parks Welcome Investors

Oct 23 , 2021


[ssba-buttons]

Elauto Engineering and Trade Plc, a vehicle assembler, and Dimitrius Kampouris Plc, a textile manufacturer from Greece, have signed agreements with the Industrial Parks Development Corporation (IPDC) to secure land in the Bole Lemi and Dire Dawa industrial parks. The agreements were signed in the presence of Sandokan Debebe, head of the IPDC, Bekele Abebe, CEO of Elauto, and Dimitrius Kampouris, general manager of Dimitrius Kampouris Plc. Elauto has secured 1.8ht of land in Dire Dawa Industrial Park with a total investment of 700 million Br. The Greece-based textile manufacturer plans to begin production next year on 1.8ht of land at Bole Lemi Industrial Park. Bole Lemi became operational in 2014, Dire Dawa followed six years later.


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. Bisrate Teshome, senior private...


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 less than 250 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 o...


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...