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




South Korea Supplies Sub-Saharan Countries with 2m Masks

Jul 25 , 2020


[ssba-buttons]

The Embassy of the Republic of Korea in Ethiopia has donated two million masks to Sub-Saharan African countries through the African Centres for Disease Control & Prevention (Africa-CDC) on Friday, July 24, 2020. The Korean government has partnered with Africa CDC, a public health agency under the African Union, that supports public health initiatives of member states for the coordination of aid in African countries. The donated masks will be distributed to 28 Sub-Saharan countries, including Ethiopia, that have requested support in containing the Novel Coronavirus (COVID-19). The Korean government has previously aided Ethiopia with the provision of medical supplies, facility construction and capacity building worth seven million dollars. It has, through the Africa CDC alone, contributed nine million dollars of in-kind and financial assistance as well.


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Securities Exchange (ESX) said on August 7, 2026, that its founding Chief Executive Officer, Tilahun Esmael (PhD), had been replaced by the Chief Operating Officer, Yodit Kassa.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