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



Dangote Secures Gas Deal for Major Fertiliser Project


Dangote Secures Gas Deal for Major Fertiliser Project

Dangote Industries has signed a long-term natural gas supply agreement worth 4.2 billion dollars with China’s GCL Group to support a major fertiliser project. The 25-year deal will supply gas to a planned urea fertiliser plant in Gode, located in Somali Region. The facility is being developed by Dangote Group, which holds a 60pc stake, in partnership with Ethiopian Investment Holdings, which owns the remaining 40pc. The plant is expected to become operational by 2029 and is projected to be the largest fertiliser facility in East Africa once completed. The project is positioned as a strategic response to the country's persistent fertiliser shortage, which continues to constrain agricultural productivity. It aims to strengthen domestic supply, reduce reliance on imports, and support broader food security goals.

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Securities Exchange (ESX) said on August 7, 2026, that its founding Chief Executive Officer, Tilahun Esmael (PhD), had been replaced by the Chief Operating Officer, Yodit Kassa.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