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




Agriculture Ministry Inks Djibouti Port Deal for Livestock Exports

Jul 17 , 2022


[ssba-buttons]

Oumer Hussein, minister of Agriculture, last week signed a memorandum of understanding with his counterpart in Djibouti to use the latter's Doraleh Port as a terminal for the Ethiopian livestock export industry. The Ministry is responsible for issuing export permits, which abattoirs are required to renew every year. Though there are 12 registered export abattoirs in the country, only nine are actively involved in export. Over the last decade, annual export revenues from meat have rarely surpassed the 100 million dollar mark. Last year, 16,625tn of meat were exported from Ethiopia, earning it 75.3 million dollars. An all-time high volume of meat, 20,547tn, was exported in 2018, generating 103.3 million dollars. Sheep and goat meat account for the largest share. The biggest buyers are the United Arab Emirates (UAE) and Saudi Arabia, which account for nearly 90pc.


Radar

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...


Radar

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...


Radar

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...