FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers New TRADE AFRICA New

Fortune Logo



Local Firm Steps into Continental Market

Jan 19 , 2019

[ssba-buttons]

The Ethiopian Construction Design & Supervision Works Corporation has consulted on two African countries’ construction projects for an estimated fee of two million dollars. The corporation conducted a feasibility study of Rufuji Hydropower Project for the government of Tanzania. The dam has a capacity of generating 2,100MW of electricity, and the report was commissioned for 1.1 million dollars. The Corporation also participated in road construction and consulting of two irrigation projects in Nigeria. The projects, one covering 5,000ha and the other 32,000ha, enabled the Corporation to earn 687,000 dollars. In addition, the firm also constructed a 380Km road project for 226,000 dollars. In the current fiscal year, the Corporation, founded by a trio of government enterprises, has planned to participate in 387 projects and to collect 1.1 billion Br.

Radar

New Directive Hikes Service Fees for Foreign Investors in Free Trade Zones

The Ethiopian Investment Board has issued a new directive revising the service fees from foreign investors payable in dollars to the Ethiopian Investment Commission (EIC), introducing updated rates for both the One Stop Shop and designated Free Trade Zones. The revised directive came into effect this April following its publication on the websites of the Ministry of Justice and the EIC. Issued pursuant to Article 23 of the Special Economic Zone Proclamation, the directive outlines charges for...

Read more >>

Radar

City Tables 350B Br Budget Plan for Upcoming Fiscal Year

The City Administration has approved a resolution to submit a proposed budget of 350 billion Br for the 2025/26 fiscal year to the City Council for deliberation. According to the Administration's statement on its official social media page, the draft budget is designed with a central focus on poverty reduction, encompassing targeted subsidies for sustainable development, investment in large-scale job-creating projects, and enhanced service delivery to address the growing demands of the reside...

Read more >>

Radar

Ethiopia, UN Launch Joint Plan to Drive Development Through 2030

The Ethiopian government and the United Nations (UN) have signed a five-year development plan outlining national priorities from 2025 to 2030. Signed on June 20 at the Ministry of Finance, the United Nations Sustainable Development Cooperation Framework (UNSDCF) with implications that it aligns with Ethiopia's reform goals and the Sustainable Development Agenda. The plan is backed by a projected 6.5 billion dollars, though only 1.5 billion dollars is currently secured. It focuses on closing t...

Read more >>