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




Cordaid Donates PPE Worth 67m Br

Oct 17 , 2020


[ssba-buttons]

Cordaid, the Catholic Organisation for Relief & Development Aid, has donated COVID-19 protective equipment worth 67 million Br to the Ministry of Health. The handover ceremony held on Friday, October 16, 2020, took place in the presence of Country Director for Cordaid, Akinyi Roselyn Wallander, Dereje Duguma (MD), state minister for Health, and Henk Jan Bakker, the Dutch ambassador to Ethiopia. The equipment is earmarked for use by both public health workers and the general public. It will be distributed to the Oromia, Amhara and Somali regional states. The majority of the aid was sourced from the Dutch government, while the remaining came from the Dutch Relief Alliance, the European Union and Cordaid itself. Despite the heavy pressure that COVID-19 has inflicted on the health sector and economy, the country has shown encouraging performance in dealing with the pandemic, according to Dereje.


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...