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



Ethiopian Electric Utility to Build 1.2b Br HQ


Ethiopian Electric Utility to Build 1.2b Br HQ

The Ethiopian Electric Utility (EEU) is embarking on the construction of a 36-storey headquarters to be built in Kirkos District along the way from Mexico Square to the Sarbet area. The EEU has budgeted 1.2 billion Br for the construction of the building, which is expected to be completed within four years. The headquarters will sit in a 10,000sqm compound while the building itself will rest on 4,500 sqm. The project design work was carried out by another state-owned enterprise, the Ethiopian Design & Supervision Works Corporation. The foundation stone-laying ceremony was held last week in the presence of Ahmed Shide, minister of Finance, Shiferaw Telila, head of the EEU, and Getahun Mekuria (PhD), board director at the EEU. The EEU is also planning to begin the construction of 35 regional and district offices. It has more than 23,00 employees and serves over four million customers. Over the first quarter of this fiscal year, the EEU collected 4.12 billion Br in utility fees.

[ssba-buttons]

Radar

Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from the International Development Association (IDA) is earmarked for the sixth phase of the Productive Sa...


Radar

MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum,. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the prolifera...


Radar

Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of 24,940GWh, representing 91pc of gross generation. Hydropower remains dominant, providing 9,500MW. To diversify assets and mitigate climate risks, the utility integrated the 100MW Asela Wind Power Project. The transmission network has expanded to 148,600km to secure domestic industrial supply and...