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E-Passport Service Begins with Local Production Set for October


E-Passport Service Begins with Local Production Set for October

Immigration & Citizenship Services (ICS) has commenced e-passport issuance supported by an inventory of 1.5 million passports, with local production scheduled to begin in October. ICS invested 2.5 billion Br in telecom and data center infrastructure, and an additional 80 million dollar in document procurement. This included 1.5 million passports (50 dollars each), 300,000 alien passports and yellow cards (eight dollars each), and half a million emergency travel documents and laissez-passers (five dollars each) “This is a massive investment,” ICS Deputy Director-General Gosa Demissie told Fortune. Passport holders may continue to utilize their existing documents until expiration. Officials have announced that the e-passport service will maintain the current fee structure and assures delivery within a period of two months and 10 days. Toppan Security Ethiopia S.C., a joint venture established in 2023, has expedited e-passport printing at its 55 million dollar industrial security plant in Bole Lemi Industrial Park. The venture comprises Toppan Gravity (51pc), a subsidiary of Japan-based Toppan Inc., and Ethiopian Investment Holdings (EIH), through its subsidiaries, Berhanena Selam Printing Enterprise (BSPE) and Education Materials Production Distribution Enterprise (EMPDE). Brook Taye (PhD), CEO of EIH, described the arrangement as “one of the most important strategic investments to date.” At full capacity, the plant is expected to print over five million passports annually and will also implement a digital identity verification system. The e-passports feature an embedded chip that stores MRP data and biometric information, including facial recognition, fingerprints, and iris scans, increasing security.

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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...


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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...


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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...