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




Habesha Beer, Bunna Sport Club Renew Contract

Oct 3 , 2020


[ssba-buttons]

Habesha Beer S.C. has inked a 28.25-million-Br one-year sponsorship agreement with Bunna Sport Club as of last week. The brewer has been in partnership with the Club for the last eight years. Habesha Beer will inject 18 million Br directly into the club and 500,000 Br into each of the annual four events the Club organises. For this contract year's Bunna Family Running, an annual event organised by Bunna Sport Club, the brewer will finance the event for 3.8 million Br and spent 4.5 million Br on t-shirts for supporters. If Bunna Sport Club wins the Ethiopian Premier League, the brewer will award it with 2.7 million Br. Launched five years ago with 8,000 shareholders, Habesha Beer S.C. launched its first non-alcoholic beverage, Niguss Malt, two weeks ago. Brewed in its Debre Birhan brewing factory, it came out with a new product line dubbed Kidame Beer.


Radar

Abay Bank Lists on Ethiopian Securities Exchange as Fifth Entrant

Abay Bank Share Company began trading on the Main Board of the Ethiopian Securities Exchange (ESX) on June 25, becoming the fifth company to list after registering its ordinary shares with the Ethiopian Capital Market Authority (ECMA). The stock debuted at 1,800 Br a share, making all 9.66 million ordinary shares immediately tradable. The listing follows a year of strong financial and digital growth. For the fiscal year ended June 30, 2025, the bank reported a three-billion-Br profit, assets...


Radar

Court Freezes Bank Accounts and Assets in Cosmo Trading Dispute

The Federal High Court Civil Bench has ordered the Commercial Bank of Ethiopia, Awash Bank, Hibret Bank and Bank of Abyssinia to freeze accounts held by Cosmo Trading Plc and Haileyesus Mengistu, blocking transactions of up to 400 million Br. The order follows the House of Federation's April 27, 2026 decision to suspend enforcement of earlier commercial rulings while it reviews a constitutional dispute over inheritance and contested business assets. The case centres on a nine-storey hotel on...


Radar

Bule Hora, Kebri Dehar Universities Sign Austrian Partnership

Bule Hora and Kebri Dehar universities have signed separate memoranda of understanding with Austria's Leoben University to strengthen training in mining, petroleum and energy as Ethiopia seeks to build resource-based industrial capacity. The partnerships aim to enhance academic and practical skills in mining engineering, petroleum studies and energy systems, disciplines viewed as critical to the country's long-term extractive and industrial ambitions. Under the agreement, Bule Hora Univers...