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

Fortune Logo


Jul 12 , 2026

AfDB Launches Africa's Chief Economists Network for Policy Coordination

In the city that hosts Africa's largest development finance institution, a new platform with ambitions to shape the continent's economic future was born last week. Launched in Abidjan, Côte d'Ivoire, the headquarters of the African Development Bank (AfDB), the African Chief Economists Network se...

Jul 12 , 2026

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. Authorities also apprehended 21 suspects and impounded 15 vehicles allegedly linked to the smuggling operati...


Jul 12 , 2026

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 collateral-free digital financing. The bank said the removal of the National Bank of Ethiopia's( NBE...


Jul 12 , 2026

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...

Jul 12 , 2026

Addis Abeba Caps Annual Rent Increases at 11.5pc

Addis Abeba has approved an 11.5pc ceiling on annual rent increases for privately owned residential properties for the 2026/2027 fiscal year under the city's Residential Rent Control Proclamation. The cap applies to renewed lease agreements, with the registration of landlord-tenant contract renewals commencing on July 8, 2026, at housing administration offices across all sub-cities. The adjustment follows a citywide assessment of rental market conditions and residents' ability to pay. It is intended to curb arbitrary and unlawful rent increases, ease cost-of-living pressures on tenants,...

Jul 12 , 2026

Ethiopia, South Korea Expand Development Finance Pipeline

South Korea and Ethiopia are preparing a new pipeline of projects under the Economic Development Cooperation Fund (EDCF), while also working to fast-track the implementation of existing investments worth about Officials from the Ministry of Finance, the Korea Exim Bank (KEXIM) and Project Execution Agencies reviewed implementation progress, coordination challenges and project delivery, with discussions also focusing on new investments aligned with Ethiopia's Homegrown Economic Reform Agenda. The EDCF finances projects in energy, roads, irrigation, health and higher education through high...


Jul 12 , 2026

Awash Insurance Posts Double-Digit Growth Across Insurance Lines

Awash Insurance recorded gross written premiums (GWP) of more than six billion Br in the 2025/26 fiscal year, reflecting a 35pc year-on-year increase. Growth was driven by expansion across non-life, life, health, Takaful and micro-insurance businesses, strengthening the company's position in key insurance segments. The insurer continues to expand its product offerings and service reach as the country's insurance market grows. Awash Insurance provides non-life, life, health, Takaful and micro-insurance products as part of efforts to broaden insurance access and support the growth of Et...

Jul 12 , 2026

City Raises Regulatory Bar for Construction Mineral Producers

Construction mineral producers will face stricter licensing requirements, tighter environmental standards and greater regulatory scrutiny under a new government directive introduced by the Addis Abeba City Environmental Protection Authority. The Construction Minerals Licensing Directive raises the threshold for obtaining production licences for construction materials such as crushed stone, gravel, sand and river aggregates. Applicants will be required to secure legally recognised land-use rights, obtain approved environmental and social impact assessments, submit feasibility studies and pro...


Radar

Jul 4 , 2026

ZamZam Bank Registers Shares, Eyes Capital Market Debut

ZamZam Bank has secured approval from the Ethiopian Capital Market Authority (ECMA) to register its shares, becoming the first fully interest-free bank to complete the regulatory process for public tr...

Jul 4 , 2026

Commercial Bank of Ethiopia Posts Record 80bn Br Annual Profit

The Commercial Bank of Ethiopia (CBE) posted a record gross profit of 80.09 billion Br for the fiscal year ended June 30, becoming the first bank to announce its annual results after its strongest per...

Jul 4 , 2026

The Ethiopian Statistics Service Moves to Embed AI, Big Data in New Statistics Law

The Ethiopian Statistics Service (ESS) is pushing a legislative reform to establish a modern National Statistics System that legally integrates Big Data analytics and Artificial Intelligence. The draf...

Jul 4 , 2026

Tourism Ministry, Toppan Ethiopia to Launch Virtual Tourist Centre at Bole Airport

The Ministry of Tourism and Toppan Ethiopia have signed a memorandum of understanding to establish a virtual tourist information centre at Bole International Airport, aiming to improve digital informa...

Jul 4 , 2026

Ethiopian Airlines Launches Thrice-Weekly Service to Lyon, France

Ethiopian Airlines has launched a new thrice-weekly passenger service to Lyon, France, July 2, 2026, strengthening its European network and enhancing connectivity between Africa and Europe. The new...

Jul 4 , 2026

New Directive Formalises Ethio-Kenya Small-Scale Border Trade

The Ministry of Trade & Regional Integration (MoTRI) has approved a directive establishing a simplified border trade regime with Kenya to regulate small-scale cross-border commerce. Officials s...

Jun 27 , 2026

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 buil...

Jun 27 , 2026

Zemen Bank Launches Z-Qamar Interest Free Banking Service

Zemen Bank has launched its interest-free banking service, Z-Qamar, joining the country's expanding Sharia-compliant finance market as it seeks to broaden its customer base and diversify revenue strea...

Jun 27 , 2026

Four Law Firms Merge to Launch Taza Legal

Four Ethiopian legal practices have merged to establish Taza Legal LLP, creating one of the country's largest independent full-service law firms amid rising demand for sophisticated legal services. ...

Jun 27 , 2026

Huawei Pushes AI-Driven Banking at Ethiopias Finance Summit

Huawei's annual finance summit in Addis Abeba underscored the country's accelerating shift toward digital finance, as policymakers, bankers and technology leaders described the country as an emerging...

Jun 27 , 2026

New Coffee Strategy Seeks to Double Yields, Triple Export Earnings

Ethiopia has rolled out a five-year coffee development package aimed at boosting productivity and export earnings through nine priority intervention areas. The plan seeks to raise average yields from...

Jun 27 , 2026

Council of Ministers Approves New Development Bank Accession, Financing Deals

The Council of Ministers, chaired by Prime Minister Abiy Ahmed (PhD), has approved Ethiopia's accession to the New Development Bank alongside financing agreements and policy reforms aimed at strengthe...

Jun 21 , 2026

Global Analytics Meets Local Insight as WAAS Partners With Kantar in Ethiopia Expansion

WAAS International Plc has partnered with global analytics firm Kantar on June 12, 2026, to introduce predictive analytics and consumer tracking tools into the country's corporate market. The collabor...

Jun 21 , 2026

CBE Backs North America Diaspora Festival, Platinum Sponsorship

Commercial Bank of Ethiopia (CBE) has signed a platinum sponsorship agreement for the 43rd Annual Ethiopian Sports and Culture Festival in North America, set to run from June 27 to July 4, 2026, at TC...

Jun 21 , 2026

Coffee Export Value Climbs Despite Falling Shipment Volumes

Coffee export earnings reached 2.61 billion dollars in the first 11 months of 2025/26, marking a 16.4pc increase compared to the full 2024/25 fiscal year. The growth came despite a 9.8pc decline in ex...

Jun 21 , 2026

Soil Degradation Outpaces Recovery as Ethiopia Builds National Coordination Forum

Ethiopia mitigates around 25,000 hectares of land annually against soil degradation, a rate far below the 18 million hectares currently affected by acidity and salinity. The scale includes seven milli...


Most read

Columns

Commentaries |

Preparing for Trade-Based Financial Risks Beyond CBE's Record Numbers

Life Matters | Jul 11,2026

Borrowing From Tomorrow to Survive Today

My Opinion | Jul 11,2026

A Service Fee That Amounts to a Second Tax

Sunday with Eden | Jul 11,2026

A Body Trapped in Tomorrow

Agenda | Jul 12,2026

Production Soars While the Feed Sellers Go Under

Editorial | Jul 11,2026

Ethiopia Needs a Peace Premium the IMF Cannot Supply


         ADVERTISEMENT

Read More

Ethiopia Needs a Peace Premium the IMF Cannot Supply

At a market stall, reform arrives without a communique. It comes as a higher transport far...

Editorial | Jul 11 , 2026

A Sweet Name Returns, on Machinery from the Past

For generations of Ethiopian children, the crackle of a colourful wrapper and the sweet ta...

Featured | Jul 12 , 2026 . By GEBRU KAHSAY and WORKINEH DIRIBSA

Production Soars While the Feed Sellers Go Under

At his stall around Ferensay Legasion, Mastewal Tekuye has decided to leave a business he...

Agenda | Jul 12 , 2026 . By BEZAWIT HULUAGER

Decades In, CCD Keeps the Keys, Sends the Invoices

When a WhatsApp notice told about 60 households at a gated community on the outskirts of A...

Fortune News | Jul 12 , 2026 . By BEZAWIT HULUAGER