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




Ministry Forges New Partnerships to Advance Policy Framework

Oct 28 , 2023


[ssba-buttons]

A policy oversight board meeting on persistent issues of health, sanitation and education sectors alongside significant progress in job creation was held between officials from the Ministry of Finance and the United Nations last week. The meeting was part of a review of the past United Nations Sustainable Development Cooperation Framework (UNSDCF) and crafting plans for the upcoming period. Results from UN support were indicated as crucial in strengthening the institutional capacity of the National Election Board of Ethiopia and enhancing the government's role in ensuring peace and stability during the session. Semereta Sewasew, state minister for Finance, Ramiz Alakbarov, UN resident & humanitarian coordinator, and CSO representatives convened at Skylight Hotel on Airport Road. Plans for the following implementation framework of the ten-year national development plan were laid out, emphasising the period from 2025-30. The establishment of an independent evaluation of the current framework and help in implementing the preparation phases for the next period was endorsed by the attendees. The United Nations has been a longstanding partner of Ethiopia for the past five decades while making a 1.6 billion dollar investment last year to provide humanitarian support.


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...


Radar

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...


Radar

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...