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Export Earnings Surpass $3.6b


Export Earnings Surpass $3.6b

Ethiopia earned a record-high 3.62 billion dollars from the exports of goods last year, according to officials at the Ministry of Trade & Industry. The figure is over half a billion dollars greater than what was registered in 2019/20. The increase is attributed largely to the surge in revenue from the export of coffee and gold, the country's two top export items. Over 900 million dollars was garnered from the export of coffee last year despite the volume being 42,000tn lower than what was sent abroad the year before. Gold export generated over 600 million dollars while horticulture brought in a similar amount. Khat trails close behind, earning the country an estimated 400 million dollars. Agricultural items still have the lion's share of export products, accounting for two-thirds of the amount generated.

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Customs Authorities Intercept Major Alleged Contraband Shipment Worth 422 Million Br

The Customs Commission seized alleged contraband goods worth more than 422 million Br during inspections conducted between June 25 and June 30, 2026. The haul included clothing, electronics, ammunition, construction materials, coffee, vehicle spare parts, cosmetics, khat, narcotics, minerals, livestock and foreign currency. The Addis Abeba Airport, Moyale and Awash customs branches recorded the largest seizures, valued at 115 million Br, 93 million Br and 61 million Br, respectively. Authorit...


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Hijira Bank Posts Record Growth as Assets Reach 31.45 Billion Br

Hijira Bank posted 3.55 billion Br in income in 2025/26, exceeding its combined earnings over the previous four years, while gross profit reached 1.9 billion Br. Assets rose 115pc to 31.45 billion Br, deposits doubled to 24 billion Br, and capital increased 202pc to 7.45 billion Br. Digital transaction value surged 86pc to 41.72 billion Br, foreign currency earnings reached 158 million dollars, and total banking transactions hit 615.39 billion Br. The bank also disbursed 1.5 billion Br in col...


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Gadaa Bank Offers One Million Shares to Public Investors

Gadaa Bank has offered one million shares to the public at 1,050 Br per share following approval from the Ethiopian Securities Exchange (ESX) on June 22, 2026. The share sale keeks to expand the bank's capital base and strengthen shareholder value. The offering will run until September 17, 2026, and is open to existing shareholders and new investors who meet ESX requirements. It is open to existing shareholders and new investors who meet ESX requirements...