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

Fortune Logo



PM Inaugurates Renamed Leadership Academy

Jun 26 , 2021

The newly renamed African Leadership Excellence Academy in Sululta, Oromia Regional State inaugurated on Saturday, June 26, 2021, in the presence of Prime Minister Abiy Ahmed (PhD), Deputy Prime Minister and Foreign Minister Demeke Mekonnen, and several other senior government officials. The 2.2 billion Br academy, which sits in a 40ht compound, was built by the Chinese construction firm Jiangsu Nantong Sanjian with major financial support from the Chinese government. Earlier this week, the Council of Ministers approved the motion to change its name from the Meles Zenawi Leadership Academy.

Radar

ARCANE MARKERS

Hamere Berhan' at the old post office prints books using ancient paper made from animal skin called 'Birana'.  It is part of the Ethiopian Orthodox Tewahdo Church which has had scribes for close to two millennia. The shortage of paper is evident with close to 10 companies operating in the paper conversion industry and a single paper mill in the country. Local players have seen their market share drop over the years and are looking to regain it. ...

Read more >>

Radar

GREEN SHIFT

A palm tree is moved to a new location for replanting around Meskel square. The global effort to battle man-made climate change has gained steam over the last few years. African countries have shifted gears in trying to unlock climate financing from the global north. With debt-to-GDP ratios averaging around 62pc continent-wide, many countries are utilizing the climate narrative to get debt structuring. This was one of the appeals of the Prime Minister of Ethiopia when he addressed the AU summit...

Read more >>

Radar

STRUCTURAL MAKEOVER

The area around Ambassador, famous for its souvenir shops, is getting demolished for real estate development. The Addis Abeba City Administration has ramped up efforts to remodel the city's architecture over the last few months. The capital was established by Emperor Menelik 137 years ago. He also introduced the first telephone, car, hotel, and hospital to the country. A construction project headed by the mega projects office to commemorate his victory over the Italians at Adwa is 70pc complete...

Read more >>