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




Council Gives Green Light to Digital Strategy

Jun 20 , 2020


[ssba-buttons]

The Council of Ministers has given a green light to the Ethiopian Digital Strategy that was crafted to direct the economy of the country toward tech-led growth. Drafted by the Ministry of Innovation & Technology under the stewardship of Abraham Belay (PhD), the strategy has been in the making for the last year and outlines four pathways to the realisation of digital-led growth. It anchors unleashing the value of agriculture, constructing the next version of the global value chain in manufacturing, building IT-enabled services, and focusing on digital as the driver of tourism competitiveness. The outlined pathways are broken down into three timelines of implementation: short-term, one to three years; mid-term, eighteen months to three years; and long-term, three to five years. The document was reviewed by 11 development partners and civil society organisations, including the World Bank; 18 ministries and representative agencies; and 30 private sector representatives, start-ups and incubator leaders. The 157-page document is aligned with the Homegrown Economic Reform Agenda and the Ten-Year Development Plan, as well as with international commitments such as the Sustainable Development Goals and the African Union’s Continental Digital Strategy.


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...