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




DHL Ethiopia Passes the Baton

Aug 12 , 2023


[ssba-buttons]

DHL appoint Kidist Teklu Kemeshi as Country Manager in Ethiopia, taking over the helm from Silvio Weiland. Kidist brings over a decade of experience in the logistics sector from having previously served as a Country Manager at ISS Global Forwarding and marketing director at Panafric Global. It will serve her well as she seeks to utilise technology to ensure active engagement and improved customer visibility in her new role. She has expressed her excitement for utilising the strategic location and harnessing the unparalleled supply chain management knowledge at the company. DHL is a US-founded German logistics company providing courier, package delivery and express mail service. The three letters are an acronym of its initial founders in San Fransisco Adrian Dalsey, Larry Hillblom and Robert Lynn, who launched the company in 1969. Over the years, DHL has become an international freight and logistics powerhouse delivering over 1.8 billion parcels per year. It is a subsidiary of the Deutsche Post DHL Groups connecting over 220 countries and has over 500,000 employees. The Group acquired Hillebrand in March 2022 for 1.5 billion euros, seeking to expand its know-how and customer experience in bulk liquids and other adjacent special care commodities.


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...