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



EU Launches Internally Displaced Rehabilitation Project


EU Launches Internally Displaced Rehabilitation Project

A 43.5 million euro three-year program targeting Internally Displaced People  (IDP) was launched by the European Union and partners across Afar, Amhara, Beninshangul-Gumuz and Tigray regional states last week. The project seeks to provide vocational training in agriculture and improve access to finance and employment. It is also expected to provide sanitation services to areas with the highest concentration of IDPS and conflict through new infrastructure and rehabilitation of old ones. Coordinated by the International Organization for Migration (IOM) partnering with GIZ, the Italian Agency for Development Cooperation (AICS), the Danish and Ethiopian Red Cross and the High Commission for Refugees for the IDPs. Prolonged internal conflicts and industrial disasters have taken a toll on the country's economy and exacerbated food insecurity in many parts of the country, the statement from the European Union reads. Roland Kobia, ambassador of the European Union to Ethiopia, indicated that the program is a timely action to ensure humanitarian support and help facilitate peace. It includes setting up community centres for youth empowerment by promoting community dialogues and services for psychosocial needs. There are more than four million IDPs in Ethiopia due to conflict and close to one million refugees from neighbouring countries, according to the latest Global Humanitarian Review report by the UN.

[ssba-buttons]

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...