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



UAE, Ethiopia Hold Talks on Climate Action, Regional Security


UAE, Ethiopia Hold Talks on Climate Action, Regional Security

UAE Minister of State for Foreign Affairs Sheikh Shakhboot bin Nahyan held talks with Ethiopian officials on bilateral relations, with a focus on cooperation in climate action, peace and security. The UAE welcomed Ethiopia’s participation in COP32, with both sides agreeing to work together on climate initiatives launched during COP28. On regional peace and security, the discussions condemned attacks on civilians by warring parties. The ministers also recalled the High-Level Humanitarian Conference for the People of Sudan, co-hosted by the UAE, Ethiopia, IGAD and the African Union on the sidelines of the AU Summit in February 2025, underscoring the need to protect civilians and humanitarian workers. Water security also featured in the talks ahead of the upcoming UN Water Conference, to be co-hosted by the United Arab Emirates and Senegal later this year.

[ssba-buttons]

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...