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Ethiopian Innovators Shine at Start-Up Competition


Ethiopian Innovators Shine at Start-Up Competition

Three Ethiopian innovators have emerged victorious in Total Energies' annual start-up competition. Open to entrepreneurs aged 18 to 35 owning businesses less than three years old, the competition aims to support groundbreaking projects across the continent. The competition has awarded 100 innovators from 32 African countries. Total is celebrating its 100th year anniversary. The fourth Ethiopian edition of the Startup of the Year competition was held last week at Skylight Hotel. Menberu Zeleke was recognized for his invention 'Solar Mekes', a solar-powered automatic onion root and leaf cutting machine aiming to enhance productivity and save time and energy by harnessing solar energy. Ermiyas Tefera developed 'Korojo Eco Package and Bags' which is an eco-friendly and biodegradable packaging. Utilizing agricultural residues like banana pseudo-stems, enset, and rice straw, he aims to replace plastic bags, reduce environmental pollution, and convert agricultural waste into valuable products. Adugna Nigatu, owner of 'Alene Bio-gel Fuel Production', focused on producing biogel fuel from spent coffee grounds and bio-based additives. This thick liquid-fuel burns with a clear flame and offers cooking efficiency comparable to gaseous fuels.

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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...