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




Land Allocation Surpasses Target, Parliament Urges Timely Project Completion

Jan 25 , 2025


[ssba-buttons]

The Ministry of Urban & Infrastructure provided over 11,000hct of land through allocation and bidding in regional and city administrations, surpassing the planned 7,000hct, according to the Ministry's half-year report. Parliament’s Urban Infrastructure & Transport Affairs Standing Committee reviewed the Ministry’s half-year plan performance report, urging the Ministry to ensure construction projects are completed on time and within budget. Minister Chaltu Sani also reported that 16 small towns that previously lacked plans now have them while road infrastructure work was conducted on 175,879km of roads. Approximately 85,256 illegally held properties were formalized whereas 20,754 houses were built in the first half of the year, exceeding the target of 8,000. Deputy chairperson of the Standing Committee, Eshetu Temesgen (PhD) accentuated the need to organize building standards and codes using modern technology. He also stressed the need for the Ministry to tackle the issue of parking and loading/ unloading areas on corridor development roads in coordination with the relevant authorities.


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...