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EEP, South Korea Launch Study Program to Modernise Electricity Tariffs


EEP, South Korea Launch Study Program to Modernise Electricity Tariffs

Ethiopian Electric Power (EEP) has launched a joint knowledge-sharing study program with the Government of the Republic of South Korea to modernise Ethiopia’s electricity tariff negotiation framework. Officials noted that roughly 46pc of the population still lacks access to electricity, highlighting the need to expand capacity while ensuring the sector’s financial sustainability. The initiative aims to update tariff procedures and strengthen institutional capacity to better harness the country’s green energy potential. The collaboration will facilitate knowledge transfer, drawing on South Korea’s experience in power sector reform and modernization. EEP will oversee the transition from the study phase to practical implementation. By aligning the country’s tariff negotiation framework with international standards, the program seeks to boost financial sustainability, attract private investment, and reduce sectoral risks.

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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...