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




Historical Structure Undergo Restoration

Feb 25 , 2023


[ssba-buttons]

The late-19th-century structure situated in the capital's district, Merkato commonly referred to as "American Gibbi" underwent cultural heritage restoration work. In the 1930s, the structure housed the US Legation. The conserved American Gibbi has served Yemeni and Ethiopian people as a community school for the past 80 years but has degraded in 2018. A year later, the US Embassy in Addis Abeba in partnership with the World Monuments Fund granted 240,000 dollars for the preservation. Tracey Jacobson, US ambassador opened the conserved building last week, with the State Minister for Tourism, Sileshi Girma, and Yemen, Turkey, the UK and Sweden ambassadors in attendance. Tracey described the structure as a tangible representation of both the history that underlies US-Ethiopian relations while a panel of historical and architectural heritage experts discussed the significance of the building in the inauguration.


Radar

Tariff Reform Powers EEP Revenue to 119 Billion Br

Ethiopian Electric Power (EEP) collected 119 billion Br in revenue during the 2025-2026 fiscal year, up 57.8pc from the previous year, while recording a gross profit of 39.5 billion Br. The performance comes as EEP faces public scrutiny over a multi-year electricity tariff reform. EEP achieved 92pc of its 129.8 billion Br revenue target. It attributed the performance to improved revenue collection systems and better coordination, following a period in which the utility operated at a significa...


Radar

ESX Names Yodit Kassa CEO in Leadership Handover

The Ethiopian Securities Exchange (ESX) said on August 7, 2026, that its founding Chief Executive Officer, Tilahun Esmael (PhD), had been replaced by the Chief Operating Officer, Yodit Kassa. ESX credited Tilahun with steering the Exchange from its early project phase into a fully operational securities market. He established its governance, technological and operational foundations while building relationships with regulators, investors and other stakeholders. Yodit and Tilahun have been...


Radar

Enat Bank Enlists Partners to Develop Gender Bond

Enat Bank has entered a four-party partnership to develop what the partners describe as Ethiopia's first private-sector gender bond. The bank signed a memorandum of understanding with FSD Ethiopia, I-Capital Africa Institute and FSD Africa to structure and launch the bond. The partners will collaborate throughout the pre-issuance and post-issuance phases. Their work will cover transaction structuring, framework development, regulatory compliance, investor engagement and post-issuance manageme...