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



Government, Investors Seal Major Agreements at Invest In Ethiopia Forum


Government, Investors Seal Major Agreements at Invest In Ethiopia Forum

The fourth Invest in Ethiopia High-Level Business Forum concluded with the signing of investment agreements worth 13.1 billion dollars. The two-day event, organised by the Ethiopian Investment Commission (EIC) in coordination with the Ministry of Finance (MoF), was held under the theme "Ethiopia Ready for Business." It brought together more than 800 participants, including international investors, policymakers, and business leaders from several countries. The 2026 commitments significantly exceed the 1.6 billion dollars recorded at the 2025 forum. Officials said earlier agreements have already progressed into operational projects, while the latest deals are expected to follow a similar trajectory as part of efforts to align investment inflows with national development priorities. Participants engaged in panel discussions and bilateral meetings centred on investment-ready opportunities presented by government institutions. Sector ministries and regional authorities also took part in the discussions. The incentive framework, which includes tax exemptions and streamlined licensing for priority sectors, was highlighted during the sessions. The Ministry of Finance and the Ethiopian Investment Commission will oversee the transition of the signed agreements into implementation contracts in accordance with existing regulations. The Invest in Ethiopia series remains the country’s main platform for mobilising investment through coordinated public-private engagement. The 2026 edition concluded on schedule without reported disruptions.

[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...