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Awash Bank Launches First Round of Seed Sector Grant Initiative


Awash Bank Launches First Round of Seed Sector Grant Initiative

Awash Bank has disbursed over 137 million Br under its Guarantee to Grant (G2G) Facility, supporting 12 private seed companies to expand access to agricultural finance. The initiative, implemented under the Ethiopian Seed Partnership, involves Wageningen University & Research, the Embassy of the Netherlands, the Ministry of Agriculture, and RSLNC Consultancy plc. The facility provides collateral support to help firms overcome traditional lending barriers and improve production capacity for certified, high-yield seeds aimed at smallholder farmers. Agriculture contributes 32pc of GDP, 64pc of employment, and 79pc of exports, yet it continues to receive less than 10pc of national credit, with limited financial access in rural areas. The programme is designed to reduce investment risk in the seed sector while promoting financial inclusion, productivity, and long-term food security.

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Radar

MIDROC Picks Austrian Firm for Metekel Plant Machinery

MIDROC Gold Mining has contracted Austria-based CEMTEC (Cement & Mining Technology GmbH) to supply and install equipment for a new gold processing plant in Metekel Zone, Benishangul-Gumuz Regional State. Designed to process up to 1.25 million tn of gold-bearing ore a year, the facility is part of MIDROC's expansion in the area. Under the agreement, CEMTEC will manufacture the plant's key processing machinery and install it at the MIDROC Metekel Gold Plant. The equipment is scheduled for c...


Radar

Food Prices Push Inflation to 15.3pc

Ethiopia's inflation rate rose to 15.3pc in July 2026 from 13.7pc in the same month last year, reaching its highest level in the 13-month period covered by Ethiopian Statistics Service data. Food and non-alcoholic beverages exerted the greatest pressure on consumer prices, with inflation reaching 15.7pc. The increase was driven largely by higher prices for vegetables, meat, dairy products and eggs, fruit, oil and butter, sugar, honey and chocolate, bread and injera. Sugar, honey and chocol...


Radar

State Enterprises Post Revenue Gains in EIH Review

Ethiopian Investment Holdings (EIH) concluded the fourth day of its 2025/26 EFY Annual Performance Dialogue at its headquarters, reviewing key state-owned enterprises overseen by Deputy CEO Habtamu Hailemichael. The dialogue began on August 24, 2026, with the Development Bank of Ethiopia recording a 60pc increase in operating income to 15.9 billion Br. Despite structural and operational difficulties, Ethiopian Mineral Corporation reported year-on-year revenue growth of 48pc to 5.7 billion dol...