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




Premier Inaugurates Jimma Hospital, Park

Dec 10 , 2018


[ssba-buttons]

The first phase of the Jimma Industrial park was inaugurated yesterday with the presence of Prime Minister Abiy Ahmed (PhD), President of Djibouti Ismael Omar Guelleh and President of Sudan Omar Hassan Ahmad al-Bashir. The government invested 70.3 million dollars and took a year and a half to finalize the first phase of the park, which rests on half of the 150ha park. “The project was supposed to be completed in nine months,” said Lelise Neme, CEO of the Industrial Parks Development Corporation. “But as the settling compensation for the residents took longer than planned, the project was delayed.” Of the nine sheds that are built, the Corporation has already contracted half of them to an Indian garment company, according to Lelise. The city also inaugurated a teaching hospital and stadium worth 1.5 billion Br. While the industrial park is expected to create jobs for 12,000 people when it is running at full capacity, the hospital is expected to serve 20 million people residing around Jimma.


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...