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




Medical Entrepreneurs Victorious in Tech Competition

Oct 28 , 2023


[ssba-buttons]

A year-long competition challenging skills such as pitching business ideas, interpersonal communication and impactful mentoring was completed last week. Dashen Bank has rewarded a one million Birr prize split among the top four during the event held at I-Cog lab premises on Namibia Street (Bole Medhanealem). Solve It was launched five years ago to stimulate technology entrepreneurship across different cities, aiming to empower local youth to devise innovative solutions to problems in their immediate surrounding. Bethelem Dessie, a tech personality behind 'Any One Can Code', congratulated the winners Debora Sintayehu and Alebachew Alemanew who developed a bone infection detection and therapeutic machine. The competition was organised in partnership with the US Embassy to highlight innovative ideas and create successful companies by providing access to finance and mentorship.


Radar

Parliament Receives $237m Development Loan Package

The Council of Ministers forwarded two concessional loan agreements totalling 237.3 million dollars to Parliament for ratification, targeting rural infrastructure and food security. The package includes 46.3 million dollars from the African Development Bank (AfDB) for climate-resilient infrastructure in pastoralist regions. A second credit facility of 191 million dollars (146.1 million SDR) from the International Development Association (IDA) is earmarked for the sixth phase of the Productive Sa...


Radar

MoTRI to Overhaul Consumer Protection Rules Following Cabinet Approval of Trade Policy

The Council of Ministers, led by Prime Minister Abiy Ahmed (PhD), approved Ethiopia's first unified trade policy last week, ending a three-year deliberation period to fill a decades-long regulatory vacuum,. This institutional milestone mandates the Ministry of Trade & Regional Integration (MoTRI) to overhaul consumer protection frameworks, specifically requiring a rigorous revision of the Trade Competition and Consumer Protection Proclamation to eliminate market distortions and the prolifera...


Radar

Regional Power Exports Yield $366m as Capacity Hits 9.6GW

Ethiopian Electric Power (EEP) generated 365.99 million dollars from regional exports in the first nine months of the fiscal year as national capacity reached 9,579MW. The revenue followed the sale of 24,940GWh, representing 91pc of gross generation. Hydropower remains dominant, providing 9,500MW. To diversify assets and mitigate climate risks, the utility integrated the 100MW Asela Wind Power Project. The transmission network has expanded to 148,600km to secure domestic industrial supply and...