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Ethiopia, France Forge Ahead on Renewable Energy Investment

Apr 24 , 2023


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Ethiopian Finance Ministry officials met with French delegates today to address hurdles facing renewable energy investment and exploring ways to improve collaboration between public and private sectors. The meeting comes on the heels of a business climate report by the Ethio-French Business Club (CAFE), based on a study of over 50 French companies, conducted from September to December last year. Held at the Radisson Blu Hotel, on Marshal Tito Rd., the meeting was the third of its kind. The French officials have cited it as the latest indication of a strong bilateral relationship between the two nations. This follows Prime Minister Abiy Ahmed's visit to Paris in February. Organized by the Ethiopian Ministry of Finance and the Embassy of France, the meeting included virtual and on-site participation from key figures in both countries. Olivier Becht from the French Foreign Trade Ministry, William Roos and Agathe Blanchard from the French Treasury, and Re‌mi Mare‌chaux, the French Ambassador to Ethiopia, were among the French attendees. Representing Ethiopia were Eyob Tekalign (PhD) and Semereta Sewasew from the Ministry of Finance; Aynalem Nigusie from the Ministry of Revenue, and Girma Birru, a chief economic policy advisor to the Prime Minister.


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...


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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...