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



South West Region Appoints Founding Head


South West Region Appoints Founding Head

The newly-formed South Western regional council has elected Negash Wagesho (PhD) as deputy head of the country's newest regional state. Negash Wagesho has served as a state minister for Water‚ Irrigation & Energy. Recently, he was re-appointed as a state minister for Water & Energy by Prime Minister Abiy Ahmed (PhD). The region's council held its first inaugural assembly last week and appointed a house speaker and deputy speaker. During the assembly, the 52 member council passed decisions pertaining to the structuring of the region. The South West Regional State came into being following a referendum held in September this year. About 98pc of the 1.3 million voters registered cast their ballots in favour of the region's formation. The referendum was held Bench Sheka, South Omo, Kafa, and Sheko zones as well as Dawro Special District in the Southern Regional State During its first extraordinary assembly held on October 30, 2021, the upper house of parliament approved the formation of the country's 11th regional state.

[ssba-buttons]

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...