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




Committee Raises Inter-Regional Transportation Fare

May 31 , 2020


[ssba-buttons]

The COVID-19 National Ministerial Committee has issued a directive that increases the tariff on inter-regional transportation by between 75pc to 100pc, intending to curb the movement of people. The directive requires vehicles with 45 seats to charge passengers 100pc more than the regular fare and buses with more than 45 seats to increase their rate by 75pc. Previously, the inter-regional transportation fare was capped at a 50pc increase from the regular rate. The new decision of the Committee has also repealed the controversial decree that permits the use of private cars on alternating days. Increased congestion in public transportation options on days when people were not able to use their cars has led to an outcome contrary to the motive of the decree, according to Zinabu Tunu, communications director at the Office of the Attorney General . The new regulation also mandates the use of masks in all public spaces with the exception of people’s own houses.


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 the utility 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 s...


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Securities Exchange (ESX) said on August 7, 2026, that its founding Chief Executive Officer, Tilahun Esmael (PhD), had been replaced by the Chief Operating Officer, Yodit Kassa.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...