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Rehab Commission, Addis Chamber Join Forces for DDR Project


Rehab Commission, Addis Chamber Join Forces for DDR Project

In a bid to garner support from the private sector for the disarmament, demobilisation and reintegration (DDR) project, the National Rehabilitation Commission (NRC) partnered with the Addis Abeba Chamber of Commerce & Sectoral Association (AACCSA) last week. The potential of the business community to contribute to peace and stability was underscored, during the panel discussion at the Inter-Luxury Hotel on Guinea Conakry (Tito) St. Mesenbet Shenkute, the president of Addis Chamber, expressed concern over the decline in international and domestic investment in Ethiopia amid bouts of conflict in different parts of the country. Political science fellow Yonas Ashine (PhD) presented a study highlighting the business community's inadvertent role in fueling conflicts. He emphasised the importance of an inclusive peace-building process, combining humanitarian intervention and reconciliation efforts. Shanko Delelegn, head of the commissioner secretariat, stressed the vital role of the business community in providing financial support for the DDR project, with a substantial financial requirement of 920 million dollars over the next three years. Funding is expected to be sourced from the government, donors, and private capital. He revealed that over 370,000 ex-combatants have agreed to enter the DDR program, with one branch already operational and providing services in Meqelle town, Tigray Regional State.

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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...