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



AliExpress Brings Online Shopping Experience Offline


AliExpress Brings Online Shopping Experience Offline

AliExpress has launched its first showroom in Addis Abeba through a partnership with a company active in BPO, warehousing, logistics, farming, and manufacturing. The partnership with Echelon Group took effect last week, to expand the e-commerce sector including an innovative online platform and a showroom where customers can explore products in person, receive on-site support, and experience a seamless blend of traditional and digital retail. AliExpress, a leading online retailer established in 2010 by China-based Alibaba Group, entered the Ethiopian market in August. It is expected to boost the logistics sector by introducing best practices in supply chain management, customs processing, and delivery efficiency, providing valuable insights and improvements for the country's customs and logistics operations. Michael Mamo, CEO of Echelon Group expressed optimism about the collaboration, noting its potential to improve convenience for consumers and broaden access to online shopping for both individuals and businesses in the country. In the same week, AliExpress representatives met with State Minister for finance Semereta Sewasew to discuss strategic priorities, including job creation, local partnerships, technology development, and supply chain management. Semereta said that leveraging platforms like AliExpress can expand job opportunities for youth, foster innovation, and enhance trade and investment, positioning Ethiopia as a key player in global e-commerce.

[ssba-buttons]

Radar

Tariff Reform Powers EEP Revenue to 119 Billion Br

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 significa...


Radar

ESX Names Yodit Kassa CEO in Leadership Handover

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...


Radar

Enat Bank Enlists Partners to Develop Gender Bond

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 manageme...