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




Community Lodges to be Constructed at Five Sites

Sep 26 , 2021


[ssba-buttons]

Tourism Ethiopia plans to construct five lodges at remote tourist hotspots and popular attractions in a bid to boost visitor numbers. Dubbed 'community lodges', the first phase plans to undertake the construction in Senkile Wildlife Sanctuary, Choke Mountain, Afar Danakil Depression, Adaba Dodola and Chebera Churchura National Park, with funding from partners such as GIZ, the Hailemariam & Roman Foundation, and PHE Ethiopia Consortium. Tourism Ethiopia intends to build 59 such lodges over the coming decade, according to Sileshi Girma, director of Tourism Ethiopia. The construction of the Senkile gate facility and lodge on 10,000sqm will start in the coming week, according to the Director. The 5,400ht sanctuary is located 340Km south of Addis Abeba, originally established to protect an endemic and endangered antelope species. Named Swayne’s hartebeest, the population of the antelope is estimated to number less than 1,000. After the COVID-19 pandemic hit, tourist arrivals to Ethiopia dropped by a staggering 69pc last year, according to a study conducted by the UNCTAD. Officials hope the lodges will remedy the lack of tourist-serving infrastructure and services.


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...