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Red Cross Embarks on UK Aid Packages


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Over one million people foresee humanitarian assistance focused on health and hygiene as the United Kingdom launches a 3.4 million pound finance package through the Red Cross. Meanwhile, a 2.4 million pound is set to deliver international Procurement Orders with its counterpart in the UK. Nearly 10 vehicles have been donated by the FCDO Civil Society Strengthening Programme (CSSP) during a ceremony that saw the attendance of UK Ambassador to Ethiopia, Darren Welch and representatives of the African Union. The ambassador expressed his sentiment that the financial package pave the way where vulnerable communities may get access to the desired services. The support for the UK comes from a program aimed at alleviating conflict and drought-ridden areas, which is indicated as one of the United Kingdom's top priorities in Africa.


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...


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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Securities Exchange (ESX) said on August 7, 2026, that its founding Chief Executive Officer, Tilahun Esmael (PhD), had been replaced by the Chief Operating Officer, Yodit Kassa.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...


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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...