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




Sudanese Refugees in Ethiopia Foresee Food Assistance

Jul 8 , 2023


[ssba-buttons]

Over 45,000 Sudanese refugees in Amhara and Benishangul regional states foresee food assistance of one million euros through the agreement made by the France government and Plan International Ethiopia. The project will be implemented over the 9-month period in Metema woreda of Amhara, and Kumuruk and Guba woredas of Benishangul. The Central Emergency Response Fund (CERF) approved five million dollars for the two regional states for six months period. Officials from the French Embassy and Plan International inked a deal last week. Over 60,600 people have crossed into Ethiopia since the onset of the conflict in Sudan. According to United Nations Office for the Coordination of Humanitarian Affairs (UNOCHA), the ongoing crisis has put pressure on the struggling social infrastructure in the regional states. The UN report indicated that about 20 million people in the country require food assistance. The UNOCHA report also highlighted that inefficient assistance is being provided to 54,600 people displaced in Tigray Regional State.


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...