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



Tana Beles Sugar Factory Goes Online


Tana Beles Sugar Factory Goes Online

Tana Beles I Sugar Factory has commenced sugar production operations following trial runs.  Inaugurated last June in the presence of Prime Minister Abiy Ahmed (PhD), the factory has the capacity to produce 10,000qtl of sugar a day. However, officials say it will be producing around 200qtl daily for the remainder of the financial year. Construction on the factory, located in Awwi Zone, Amhara Regional State, began a decade ago. It was contracted out to the former Metals & Engineering Corporation (MetEC) at a cost of 235 million dollars. The state-owned contractor was expected to carry out the task in 18 months. However, the contract was terminated in 2018 following significant delays. China CAMC Engineering Co Ltd (CAMCE) then took over the construction. The factory sources its sugar cane from 13,000ha of land in the area irrigated with water from Beles River. Tana Beles is also among the 10 factories under the Sugar Corporation set to be privatised. The Sugar Corporation was established as a state-owned enterprise in 2010 to develop sugar estates and production, including for export markets. Several of its plants under construction have yet to be completed upon schedule, including four sugar plants in Omo Kuraz of the Southern Regional State.

[ssba-buttons]

Radar

Addis Ababa Enterprises Tap 3.8b Br in Loans

More than 16,000 enterprises benefited from market linkages worth over 20 billion Br generated by Addis Abeba's Enterprise & Technology Development sector during the 2026-2027 fiscal year. Financing support reached nearly 8,000 enterprises, which accessed more than 3.8 billion Br in loans. Enterprises also generated six billion Birr in savings. More than 14,000 enterprises received industrial extension and technology support. The sector replicated and transferred 241 of the 295 problem...


Radar

Zambia Airways Taps Aman Wole for Growth Drive

Zambia Airways has appointed Aman Wole Gurmu as Chief Executive Officer (CEO), bringing in an Ethiopian Airlines executive with more than 19 years of experience in airline leadership, commercial strategy, sales, market development and strategic partnerships. Aman held several senior positions at Ethiopian Airlines, including Regional Director for Mainland China and Mongolia, Regional Director for France and the Maghreb, Area Manager for Zambia and Director of Sales in Addis Abeba. The Zamb...


Radar

Grade 11 Takes On 11 Vocational Programs

Grade 11 students will begin work- and practice-based vocational training in the 2026/27 academic year under a new initiative covering 11 fields. The programmes span building electrical installation, plumbing, metal technology, automotive technology, garment technology, hotel services, hair and beauty services, food preparation, software development, crop production and healthcare services. They are designed to provide practical skills and knowledge relevant to employment and career opportuni...