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FAINT & FADING


FAINT & FADING

A shoe cobbler in the Cherqos area clenches tightly at the needle, keeping the dying trade afloat. The ragged tent protecting the vendor from the scorching sun above will soon be a relic if the City administration's beautification campaign is fully realised. Addis Abeba has represented a centre of commerce and culture for the multitude that flock every year from all corners of Ethiopia in its 137-year history. With the informal sector accounting for nearly half of the capital's employed and constantly galloping inflation rates, the timeliness of the spirited campaign to clean the city has raised eyebrows.  

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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

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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...