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




Blueprint for Safety, Builders Face Tough New Standards

Sep 27 , 2025


[ssba-buttons]

Four key institutions in Ethiopia’s construction sector signed an MoU at Skylight Hotel to address chronic safety lapses that cost lives and damage property. The deal brings together the Ethiopian Construction Authority, the Construction Management Institute, the Addis Abeba Construction Permit & Regulation Authority, and the Ethiopian Construction Work Contractors Association. Assistant Director Engineer Abebe Dinku warned that accidents persist despite booming activity, with 24,000 active sites and projects worth over 500 million birr this year. Official data show 142 deaths so far, including 21 women. Thousands of buildings initially failed safety checks, though most improved after training. Authorities pledged tougher enforcement, with fines of 15,000–50,000 birr and prison terms of five to 15 years. Plans include “safety parks” at sites and training 10,000 safety engineers within two years. Directors Tamrat Mulu and Hiwot Samuel stressed the human toll, noting underreported fatalities and urging full compliance. Construction Authority official Mesfin Negewo added that unsafe practices endanger the wider public, calling for stricter rules, multilingual signage, and nationwide action.


Radar

Liquidity Relief, Reform Pressure Meet as World Bank Prepares Major Budget Support

The World Bank is set to approve a 1.45 billion dollar budget support package for the Ethiopian government on June 25, 2026. The announcement came alongside a high-level consultation at the Ethiopian Skylight Hotel, where leaders from the Ethiopian Chambers of Commerce and Sectoral Associations (ECCSA) met with private sector representatives and the National Council. The package follows an earlier 17 billion dollar credit and summer service support allocation. The institution has anchored key...


Radar

Cabinet Approves 502b Birr Budget as City Returns to Federal Subsidy

The Addis Abeba City Cabinet has approved a 502 billion Br budget for the 2026/27 fiscal year, a fiscal plan that marks a return to federal subsidies despite previous claims of municipal self-sufficiency. The budget, now awaiting final ratification by the City Council, incorporates a federal subsidy of more than 74 million Br. This policy reversal follows the 2025/26 mid-year salary revisions for civil servants, implemented to buffer the inflationary impact of the floating Birr on the cost of...


Radar

Global Analytics Meets Local Insight as WAAS Partners With Kantar in Ethiopia Expansion

WAAS International Plc has partnered with global analytics firm Kantar on June 12, 2026, to introduce predictive analytics and consumer tracking tools into the country's corporate market. The collaboration blends Kantar's global methodologies with WAAS's 35-year local data archive to support business leaders operating in a liberalising economy. WAAS Managing Director Efera Busa said the partnership connects global expertise with local context, delivering standardised metrics without losing cu...