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




Regional Bank Donates Masks to Ethiopia

Jul 13 , 2020


[ssba-buttons]

The Eastern & Southern African Trade & Development Bank, aka TDB, has donated 160,000 locally manufactured face masks to healthcare workers. Ahmed Shide, minister of Finance and the country’s shareholder representative on the TDB board of governors, handed over the masks to Lia Tadesse (MD), minister of Health, during a ceremony on July 8, 2020. The Bank procured the masks from Everest Apparel Ethiopia S.C., Everest Textiles’ garment factory in Hawassa Industrial Park that employs 2,000 workers. To boost the member states’ efforts in mitigating the effects of the COVID-19 crisis, TDB has launched Covid-19 Emergency Response Programme (CERP) through which essential supplies are procured mostly from regional factories to address healthcare sector imperatives while supporting local private sector and employment, including of women and youth, according to Admassu Tadesse, president and chief executive of TBD. TDB is implementing similar interventions in 20 of its member states as part of CERP, as well as continent-wide, via a half-million-dollar grant that was extended to the African Union’s Africa Centres for Disease Control & Prevention (Africa CDC).


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Securities Exchange (ESX) said on August 7, 2026, that its founding Chief Executive Officer, Tilahun Esmael (PhD), had been replaced by the Chief Operating Officer, Yodit Kassa.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