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New Agro-Industrial Parks Mark Step in Manufacturing Development


New Agro-Industrial Parks Mark Step in Manufacturing Development

The Ministry of Industry has identified 17 sites nationwide for integrated agro-industrial parks, building on existing facilities in Bure, Bulbula, and Yirgalem. Announced at an investment forum in Addis Abeba, the parks aim to boost foreign exchange earnings, create jobs, expand the domestic market, and generate government revenue. The government is supporting manufacturing industries with targeted policies, infrastructure, and strategies to enhance product quality, diversify goods, and improve production efficiency. The parks, developed at a cost exceeding 36 billion Br, offer fast and comprehensive services to investors. Forum participants expressed strong investment interest while noting challenges in financing, coordination, and organisational structure. Officials noted Ethiopia’s ongoing implementation of the African Continental Free Trade Area (AfCFTA) agreement and stressed the importance of leveraging it to enhance competitiveness.

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Securities Exchange (ESX) said on August 7, 2026, that its founding Chief Executive Officer, Tilahun Esmael (PhD), had been replaced by the Chief Operating Officer, Yodit Kassa.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