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



Vaccine Development Reaches a Milestone


Vaccine Development Reaches a Milestone

Ethiopian scientists Alemtaye Andarge and Yonas Abebe, Ethiopian senior scientists in Rockville, Maryland, presented what is noted as groundbreaking research in the fight against malaria. This team of scientists reported that an effective anti-malarial vaccine could infect humanized liver without the need for mosquitoes through in vitro production for the first time. Pedro Alonso (MD), Professor at the World Health University of Barcelona and Director of the WHO Malaria Programme, said that this great research result significantly impacts understanding of the importance of vaccine development. Published in the December issue of 'Nature', a research journal widely known for publishing new and high-quality research results. Alemtaye, one of the scientists, was recognized for her outstanding leadership in locating the materials required for the research from different companies, ensuring the uninterrupted continuation of the research during the worldwide pandemic. Formerly employed by the renowned National Institute of Health and GeneSeek Operations, Alemtaye was a former associate researcher for the Ethiopian Agricultural Research Organization. Yonas Abebe, is renowned for leading the training efforts for pharmaceutical operation teams.

[ssba-buttons]

Radar

Liquidity Relief, Reform Pressure Meet as World Bank Prepares Major Budget Support

The World Bank is set to approve a 1.45 billion dollar budget support package for the Ethiopian government on June 25, 2026. The announcement came alongside a high-level consultation at the Ethiopian Skylight Hotel, where leaders from the Ethiopian Chambers of Commerce and Sectoral Associations (ECCSA) met with private sector representatives and the National Council. The package follows an earlier 17 billion dollar credit and summer service support allocation. Bisrate Teshome, senior private...


Radar

Cabinet Approves 502b Birr Budget as City Returns to Federal Subsidy

The Addis Abeba City Cabinet has approved a 502 billion Br budget for the 2026/27 fiscal year, a fiscal plan that marks a return to federal subsidies despite previous claims of municipal self-sufficiency. The budget, now awaiting final ratification by the City Council, incorporates a federal subsidy of less than 250 million Br. This policy reversal follows the 2025/26 mid-year salary revisions for civil servants, implemented to buffer the inflationary impact of the floating Birr on the cost o...


Radar

Global Analytics Meets Local Insight as WAAS Partners With Kantar in Ethiopia Expansion

WAAS International Plc has partnered with global analytics firm Kantar on June 12, 2026, to introduce predictive analytics and consumer tracking tools into the country's corporate market. The collaboration blends Kantar's global methodologies with WAAS's 35-year local data archive to support business leaders operating in a liberalising economy. WAAS Managing Director Efera Busa said the partnership connects global expertise with local context, delivering standardised metrics without losing cu...