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International Brings Advanced Equipment, Skills to Ethiopian Market


International Brings Advanced Equipment, Skills to Ethiopian Market

JCB, a global equipment manufacturer for construction, agriculture, waste handling, and demolition, has launched its first Operator Training Centre in Ethiopia in partnership with distributor Ethio Nippon Technical Company (ENITCO). The facility, equipped with simulators, live machines, and certified trainers, will train up to 500 operators annually, providing internationally recognised skills for technicians and site supervisors. Alongside the launch, JCB introduced its 3DX Backhoe Loader, designed for African job sites with improved fuel efficiency, operator comfort, and maintenance ease. The machine features JCB Live Link telematics for real-time monitoring of health, location, service schedules, and security. JCB India CEO Deepak Shetty highlighted Ethiopia’s growing infrastructure sector as a key market, with the new centre and equipment supporting job creation and sustainable growth.

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Securities Exchange (ESX) said on August 7, 2026, that its founding Chief Executive Officer, Tilahun Esmael (PhD), had been replaced by the Chief Operating Officer, Yodit Kassa.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