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Aug 9 , 2026

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 9...

Aug 9 , 2026

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Securities Exchange (ESX) said on August 7, 2026, that its founding Chief Executive Officer, Tilahun Esmael (PhD), had been replaced by the Chief Operating Officer, Yodit Kassa.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 working in ESX since its foundation, previously serving as Chief Business Officer and COO. She takes...


Aug 9 , 2026

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 management in line with international best practices. Ermias Andarge (PhD), chief executive officer of En...


Aug 9 , 2026

Ethio-Post Turns to Expansion After Revenue Gain

Ethio-Post generated more than 3.8 billion Br in revenue during the 2025/26 fiscal year, up 30pc from the previous year, as the state-owned postal service met key performance targets and concluded its “Deep & Broad” strategy. The enterprise handled more than six million letters and parcels during the year, delivering 97.2pc on time. It also reported that non-mail business activity exceeded 700 million. The results were disclosed at the close of a four-day national performance review held earlier this August at the African Leadership Academy of Excellence on Zimbabwe Street, Welo...

Aug 9 , 2026

Abay Bank Enters Cross-Border Card Market

Abay Bank and Visa launched the Abay Classic International Prepaid Visa Card, allowing customers to make international payments, withdraw cash from automated teller machines (ATMs), and complete point-of-sale (POS) and e-commerce transactions. The card was unveiled at the bank's headquarters on Dej Wolde Mikael Street on August 3, 2026. Abay Bank CEO Yehuala Gessesse said customers can use it to transfer funds and make payments through ATMs and POS terminals worldwide. Yehuala said the card reflects the bank's commitment to advancing digital financial services (DFS) and simplifying every...

Aug 9 , 2026

Faydaverse Takes National ID Program under EIH

Ethiopia's National ID Program has been re-established as Faydaverse, a state-owned enterprise under Ethiopian Investment Holdings (EIH). Inaugurated on August 4, 2026, the entity is mandated to develop and operate digital public infrastructure, including biometric identity systems, electronic know your customer (eKYC) services and digital credential wallets. Faydaverse inherits the programme's reach of around 50 million residents, more than 150 enterprise eKYC integrations, 190 million secure authentications and more than 15 million digital credentials issued. EIH CEO Brook Taye said th...


Aug 9 , 2026

Smallholders Swap Fuel Pumps for Solar Irrigation

Smallholder farmers in Central Ethiopia, Oromia, and the outskirts of Addis Abeba are turning to solar-powered irrigation to cut fuel costs, improve production and reduce their reliance on rainfall. In Akaki Kality, a 25-member vegetable cooperative expects to save about 1.24 million Br annually after replacing diesel pumps with solar irrigation. Six farmers in Ada'a Woreda, Oromia, project annual savings of almost 726,000 Br after replacing petrol-powered pumps. Farm Africa introduced the systems under its Nature-based Solutions programme, funded by Sweden's Sida. Officials say solar ir...

Aug 9 , 2026

EPA, Pure Earth Step Up Lead Pollution Detection

The Ethiopian Environmental Protection Authority (EPA) has received a portable X-Ray Fluorescence Analyzer from Pure Earth to strengthen the detection and prevention of lead contamination. The device can test soil, dust, paint, consumer products and other materials for lead and toxic elements, providing field results within seconds. Officials said it will help experts identify contamination hotspots, conduct environmental assessments and gather evidence for regulatory action. The donation builds on an existing partnership that has trained experts, revitalised the National Lead Coordinati...


Radar

Aug 1 , 2026

Government Procurement Goes Digital with 597b Br Turnover

More than 597 billion Br in government purchases passed through Ethiopia's electronic procurement platform during the 2025-2026 fiscal year, widening the use of digital systems in public finance. T...

Aug 1 , 2026

Signify to Supply Midroc Hotels with Energy-Efficient Lighting

Midroc Investment Group has signed a strategic framework agreement with Signify, a global leader in lighting technology, to supply advanced lighting systems for its hotel projects under construction a...

Aug 1 , 2026

Addis Grid Upgrade Draws $217m Financing Proposal

World Bank proposed a financing that would support a major upgrade of Addis Abeba's ageing electric grid network as annual demand growth of more than 20pc strains transmission capacity, disrupts servi...

Aug 1 , 2026

Cooperative Capital Surges as Membership Expands

Ethiopia's cooperative sector raised its capital base by 56.6pc to 21.74 billion Br during the 2018 fiscal year, according to the Ethiopian Cooperative Commission's annual performance report. The s...

Aug 1 , 2026

AIH Turns to Dividends, New Income for 5.5bn Br Goal

Abay Investment Holding (AIH) is targeting a net profit of 5.5 billion Br in the 2026/27 fiscal year by strengthening dividend collection and expanding its income sources. The target followed a mee...

Jul 25 , 2026

Kisse Platform Brings Collateral-Free Microloans Through Agent Network

Mefithe Microfinance S.C., MZ Tech, and Arifpay Financial Technologies S.C. have launched “Kisse”, an agent-powered digital microloan platform designed to expand access to finance for micro and sm...

Jul 25 , 2026

Yoseph Kibret Takes Helm of Digital Finance Association

The Ethiopian Digital Financial Service Providers Association (EDFSPA) has elected Yoseph Kibret as Chairman following its formal launch after six years of collaboration among fintech companies, banks...

Jul 25 , 2026

Shabelle Bank Assets Climb 55pc in Unaudited Results

Shabelle Bank S.C. reported a 1,055pc surge in pre-tax profit to 231 million Br, according to its unaudited financial results. Total assets rose 55pc year-on-year to 9.7 billion Br by the end of the r...

Jul 25 , 2026

Government Drafts Five-Year Migration Strategy

The government is drafting a five-year national migration strategy intended to curb the country's long-standing, widespread human trafficking while safeguarding citizens' right to travel and work thro...

Jul 25 , 2026

Trade Ministry Clears $568.8m for Essential Imports

Ethiopia's Ministry of Trade & Regional Integration reported progress in its efforts to stabilise the market after approving 568.8 million dollars in foreign currency for essential imports and inc...

Jul 25 , 2026

ERA Marks 75 Years as Road Access Gap Narrows

The Ethiopian Roads Administration (ERA) marked its 75th anniversary on July 22, 2026, highlighting gains in road access and the expansion of the country's network. The celebration was held at the Adm...

Jul 19 , 2026

Ethio Re Seeks Capital Reset for Regional Expansion

Ethiopian Re-insurance Share Company (Ethio Re) is seeking a strategic capital adjustment to support its next growth phase as it marks a decade of operations. CEO Netsanet Lemessa said the company's c...

Jul 19 , 2026

Aysha Wind Project Secures AfDB Financing

The African Development Bank (AfDB) has approved a financing package worth 110 million dollars for Ethiopia's 300MW Aysha Wind Project, the country's first privately developed wind power plant. The 5...

Jul 19 , 2026

Economists Call for Adaptive Strategy as Global Pressures Mount

Economists and policymakers urged a shift toward a more adaptive development strategy as global challenges reshape the country's economic future. The message was delivered at the 23rd International Co...

Jul 19 , 2026

Ethiopia Joins Global AI Cooperation Body as Founding Member

Ethiopia has become a founding member of the newly established World Artificial Intelligence Cooperation Organization (WAICO), joining 28 other countries in launching the international body during the...

Jul 19 , 2026

INSA Restricts Certain IT Products Over National Security Concerns

The Information Network Security Administration (INSA) has classified 92 information technology products based on national security risks, with 65 listed as restricted and 27 as prohibited. Prohibi...


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The Hidden Dollar Bill Behind Every App

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Ten Years at the Gate, a Dream That Never Stood Still

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The Storm Passed, the Freight Bill Did Not

Editorial | Aug 08,2026

In Going Digital, the State Designs for the Citizen It Wants to Have


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In Going Digital, the State Designs for the Citizen It Wants to Have

The World Bank asks readers to picture a mother in rural Ethiopia who has never held a ban...

Editorial | Aug 8 , 2026

SMALL-NOTES SQUEEZE WORN, TORN, NEVER RETURNED

For Hirut Ayalew, a small shop owner around Ferensay Legasiyon, the shortage of usable sma...

Featured | Aug 1 , 2026 . By BIZUAYEHU ABIY

The Storm Passed, the Freight Bill Did Not

A year after a violent storm tore through one of Ethiopia's major flower-growing clusters...

Agenda | Aug 9 , 2026 . By NAHOM AYELE

National Bank Forces Anbesa Bank Board Re-run, All Incumbents Out

Anbesa Bank has elected an entirely new board of directors, nine months after the Board it...

Fortune News | Aug 9 , 2026 . By NAHOM AYELE