Ethiopian Electric Power (EEP) collected 119 billion Br in revenue during the 2025-2026 fiscal year, up 57.8pc from the previous year, while recording a gross profit of 39.5 billion Br. The performance comes as EEP faces public scrutiny over a multi-year electricity tariff reform.
EEP achieved 92pc of its 129.8 billion Br revenue target. It attributed the performance to improved revenue collection systems and better coordination, following a period in which the utility operated at a significant loss.
The tariff reform, launched in September 2024, introduced phased quarterly increases aimed at achieving cost recovery by 2028. It has prompted widespread complaints from households and businesses over sharply higher electricity bills. In one reported case, a bill of 2,500 Br rose to more than 10,000 Br, while concerns persist that lower- and middle-class consumers are bearing much of the burden.
CEO Ashebir Balcha called for continued cost control and revenue diversification. However, the reform’s impact on consumers remains under scrutiny as EEP works to strengthen its financial position.
The Ethiopian Securities Exchange (ESX) said on August 7, 2026, that its founding Chief Executive Officer, Tilahun Esmael (PhD), had been replaced by the Chief Operating Officer, Yodit Kassa.
ESX credited Tilahun with steering the Exchange from its early project phase into a fully operational securities market. He established its governance, technological and operational foundations while building relationships with regulators, investors and other stakeholders.
Yodit and Tilahun have been working in ESX since its foundation, previously serving as Chief Business Officer and COO. She takes over with priorities that include expanding the issuer base, increasing market participation, introducing new products, and strengthening Ethiopia’s capital markets.
She was the Head of Business Development at ACCA before joining ESX, working for six years.
Enat Bank has entered a four-party partnership to develop what the partners describe as Ethiopia’s first private-sector gender bond. The bank signed a memorandum of understanding with FSD Ethiopia, I-Capital Africa Institute and FSD Africa to structure and launch the bond.
The partners will collaborate throughout the pre-issuance and post-issuance phases. Their work will cover transaction structuring, framework development, regulatory compliance, investor engagement and post-issuance management in line with international best practices.
Ermias Andarge (PhD), chief executive officer of Enat Bank, Gemechu Waktola (PhD), chief executive officer of the institute; and Hikmet Abdella, chief executive officer of FSD Ethiopia, formally signed the agreement. FSD Africa completed the four-party partnership by signing electronically.
The agreement also provides for selecting an independent consultant to issue a second-party opinion consistent with international standards. The partners intend the assessment to ensure the bond’s full alignment with the International Capital Market Association Principles.
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