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HQ ROADBLOCK

For months now, construction of Commercial Bank of Ethiopia’s (CBE) headquarters has claimed part of the two-way Ras Desta Damtew Street that runs between Ghion Hotel and Ambassador Theater.


HQ ROADBLOCK

For months now, construction of Commercial Bank of Ethiopia’s (CBE) headquarters has claimed part of the two-way Ras Desta Damtew Street that runs between Ghion Hotel and Ambassador Theater. In the later stages of its finishing, the headquarters will be the largest skyscraper when completed. Expected to cost the state commercial bank over five billion Birr, its headstone was laid in 2015 with the design-and-build deal awarded to the China State Construction & Engineering Corporation. At the moment, it has been a headache for vehicles passing by it.

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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

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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...