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



Industrial Park Corp Changes Guard


Industrial Park Corp Changes Guard

It was a notable couple of years for Sandokan Debebe, serving as the head of the Industrial Parks Development Corporation (IPDC). Last week, he stepped on the ladder as the State Minister for Planning & Development. Having a background in food science and nutrition, Sandokan feels he leaves behind a foundation for the Corporation amid the challenging years of the global pandemic. His time at the Corporation also saw Ethiopia delisted from AGOA's preferential trade, affecting several manufacturers housed in the industrial parks. However, the Corporation reached 360 million Br in operational profit by the end of last year, from 160 million Br loss recorded the year before. He has a bit of regret, too. "I left without completing the reforms started under my watch," Sandokan told Fortune. "It's time to see the results of efforts put into building a strong industrial hub." Industrial parks are criticized for labour abuse and wages. Ethiopia's delisting from AGOA also has factories downsizing their workforce and making ends meet in the domestic markets. Sandokan rebuts the allegation as groundless, stating that the labour force with little education is paid more than their peers outside the park. "Wage adjustments alone would not solve the issue," he said. "The law needs amendment." Sandokan had served the Technology & Innovation Institute as a director general before he was appointed to run the Corporation. He hoped his work to attract investors would help the Corporation recover from the loss due to AGOA's delisting. His successor, Aklilu Tadesse, will have to pick up from where he left off. Aklilu was appointed by the Prime Minister to run the Corporation last week. Aklilu is a councillor of the Addis Abeba City administration and served as the Vice President of the city's Prosperity Party Youth League.

[ssba-buttons]

Radar

Addis Ababa Enterprises Tap 3.8b Br in Loans

More than 16,000 enterprises benefited from market linkages worth over 20 billion Br generated by Addis Abeba's Enterprise & Technology Development sector during the 2026-2027 fiscal year. Financing support reached nearly 8,000 enterprises, which accessed more than 3.8 billion Br in loans. Enterprises also generated six billion Birr in savings. More than 14,000 enterprises received industrial extension and technology support. The sector replicated and transferred 241 of the 295 problem...


Radar

Zambia Airways Taps Aman Wole for Growth Drive

Zambia Airways has appointed Aman Wole Gurmu as Chief Executive Officer (CEO), bringing in an Ethiopian Airlines executive with more than 19 years of experience in airline leadership, commercial strategy, sales, market development and strategic partnerships. Aman held several senior positions at Ethiopian Airlines, including Regional Director for Mainland China and Mongolia, Regional Director for France and the Maghreb, Area Manager for Zambia and Director of Sales in Addis Abeba. The Zamb...


Radar

Grade 11 Takes On 11 Vocational Programs

Grade 11 students will begin work- and practice-based vocational training in the 2026/27 academic year under a new initiative covering 11 fields. The programmes span building electrical installation, plumbing, metal technology, automotive technology, garment technology, hotel services, hair and beauty services, food preparation, software development, crop production and healthcare services. They are designed to provide practical skills and knowledge relevant to employment and career opportuni...