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Mojo Dry Port Poised to Boost Export Farmers with 50 Million Dollars Investment


Mojo Dry Port Poised to Boost Export Farmers with 50 Million Dollars Investment

Mojo Dry Port plans a 50 million dollars project expected to offer potential benefits for farmers producing avocados, flowers, and vegetables. Ethiopian State Minister of Finance Semereta Sewasew and Dutch Ambassador Christine Pirenne visited the site to assess progress on an initiative expected to reshape the export of local agricultural goods. For many small-scale farmers, delays in transport mean lost income as fresh produce spoils before it reaches buyers. The new port is expected to change that with its modern cold storage facilities and streamlined logistics. By reducing post-harvest losses and export costs, especially compared to expensive air freight, farmers outlook to gain better prices and more unwavering incomes. Half-funded by Ethiopia and supported by the Netherlands, Christine emphasised its potential to attract more investors and empower the agro-processing sector. Despite challenges remaining in customs and policy coordination; the joint tour indicates determination from both sides.

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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...