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




US Agency Donates $7.7m to Disaster Risk Training

Aug 20 , 2022


[ssba-buttons]

The United States Agency for International Development (USAID) has announced 7.7 million dollars in funding to Bahir Dar University for the training of 750 disaster risk management professionals. The capacity-building fund is the largest external contribution ever donated to the University. Last month, a judge at the Federal First Instance High Court granted federal investigators custody of MitikuKassa, head of the National Disaster Risk Management Commission. Mitiku was detained by federal police on suspicion of "corruption, misuse of public property, and abuse of office." USAID has also donated medical supplies valued at 73 million Br to health centres in the Amhara Regional State affected by the militarized conflict in the country's north. Close to 1,800 health centres in four regional states, including Afar and Oromia, have been partly or wholly damaged due to civil war and instability, according to federal authorities.


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...