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



Addis Abeba Set to Host Three-Day Microfinance Summit


Addis Abeba Set to Host Three-Day Microfinance Summit

The Ethiopian Microfinance Association is set to host a three-day international event bringing together participants from across the globe. The announcement came during a media briefing at Capital Hotel, organised by the Ethiopian Microfinance Institutions Association (AEMFI). Officials said more than 500 guests are expected to attend. Teshome Kebede, CEO of AEMFI, said the conference will gather policymakers, regulators, microfinance institutions (MFIs), and technology providers to promote an enabling environment for inclusive and sustainable growth. He added that the event will serve as a collaborative platform to exchange knowledge, share best practices, and showcase innovations that promote resilient development. Through country case studies, participants will explore practical lessons in digital microfinance, gender finance, and climate resilience. The conference aims to foster scalable solutions that advance financial inclusion and long-term sustainability. The event will take place from March 24–26 at the Economic Commission for Africa (ECA) hall.

[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...