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



Safaricom Ethiopia Pushes Network Pilot Forward


Safaricom Ethiopia Pushes Network Pilot Forward

The executives of Safaricom Ethiopia Plc have expanded their large-scale network pilot to Awoday and Gonder towns in the Oromia and Amhara regional states, respectively. The expansion brings the number of towns testing the operator's network services to 10 since it first launched in Dire Dawa in late August. Harar, Bahir Dar, Adama, Bishoftu, and Debre Birhan are among the towns hosting the network. Chief Executive Officer (CEO) Anwar Soussa and his team want to see the pilot reach 25 urban areas by next April. Last week, Safaricom Ethiopia inked a sub-lease agreement with the Industrial Parks Development Corporation (IPDC) for the construction of a new data centre in Addis Abeba's ICT Park. Projected to cost 60 million dollars, the data centre will be the telecom operator's second in the country. Safaricom set up a data centre in the capital's Akaki-Qality District at a cost of 100 million dollars earlier this year.

[ssba-buttons]

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Securities Exchange (ESX) said on August 7, 2026, that its founding Chief Executive Officer, Tilahun Esmael (PhD), had been replaced by the Chief Operating Officer, Yodit Kassa.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