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




Authority Dissolves Hundreds of Civil Societies

Feb 10 , 2024


[ssba-buttons]

The Authority for Civil Society Organizations (ACSO) dissolved 477 civil society organizations last week for failing to report for over two years. Despite successive appeals by the Authority, the organizations failed to submit their appeals to the ASCO with the month window open after the final deadline. Of the 805 organizations that received warnings, 328 successfully appealed with reasons for their inability to submit their reports in due time, citing security problems and fund shortages. The eleven-member Board which passed the decision is comprised of designations from the Ethiopian Civil Society Organizations Council, government representatives, and members of youth and women associations. Organizations can appeal the decision to the Federal High Court within a 30-day window according to the Organization of Civil Societies Proclamation ratified four years ago. There are 4,000 CSOs registered to operate in the country, with a little over 600 of them being international. Many civil society organizations began entering Ethiopia after the 1970s famine which had garnered worldwide attention. Several fresh sets of reforms are afoot by the Authority, including the revision of its laws and frameworks to enhance the regulatory landscape of civil organizations. One of the latest directives by the Authority requires CSOs with foreign roots to provide a two-year work plan which clearly highlights their program expenses, source of funds and project details for registration.


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...