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




COVID-19 Infection, Death Rates Fall to Lowest Levels Since Onset

Mar 26 , 2022


[ssba-buttons]

Data from the Ministry of Health reveals that COVID-19 infection rates have dropped to the lowest levels since the pandemic's early days in 2020. Less than 900 people have tested positive for the virus thus far in March 2022, while the death toll remains under 30 for the month. The figures are the lowest since the pandemic first began to ramp up between March and May 2020. Though the lull is an encouraging sign, health officials urge the public to continue practicing social distancing and wearing face masks, as similar drops in infection and death rates were observed in the lead up to the three separate COVID-19 waves to hit the country since the first case was detected in March 2020. The pandemic's death toll sits near 7,500, with nearly 470,000 confirmed cases over the past two years. Health professionals have administered close to 29.5 million doses of COVID-19 vaccines since the Ministry kicked off its vaccination campaign a year ago.


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...