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




Post Enterprise Jumps Aboard National ID Programme

Apr 22 , 2022


[ssba-buttons]

The Ethiopian Postal Service Enterprise has signed an agreement with the national ID programme office to jointly conduct registration using its outlets. The state-owned Enterprise operates over 750 outlets in the country. It is among the oldest public enterprise, established in the 1890s. The Enterprise registered profits of 74.8 million Br over the first half of the financial year. It delivers post to 118 destinations worldwide. The National ID Programme Office under the Office of the Prime Minister has previously partnered with several financial institutions. The latest to be on-boarded was Awash Bank, which has over 700 branches across the country. The state-owned Commercial Bank of Ethiopia (CBE) has also agreed to conduct registration through its branch network of over 1,900 and plans to procure 2,000 registration kits. Other government institutions including the Industrial Parks Development Corporation (IPDC) also have signed a memorandum of understanding with the ID office.


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...