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




Dine For Nation Garners 1.4b Br

Oct 31 , 2020


[ssba-buttons]

Dine For Nation, a gala dinner hosted by Prime Minister Abiy Ahmed (PhD) intended to raise funds for the rehabilitation of tourist destination sites, has garnered 1.39 billion Br of its three-billion-Birr goal. Commercial Bank of Ethiopia contributed the lion's share, singlehandedly bestowing 1.1 Billion Br to the cause. The contribution cheque was presented to the Prime Minister in the presence of the governor of the National Bank of Ethiopia, Yinager Dessie (PhD), and other board members of the Bank. So far, 26 other private and governmental institutions have deposited 275 million Br through four rounds of deposits, while a little over 10 million Birr has been collected from the Ethiopian diaspora. Tickets for the gala dinner cost 10 million Br and five million Br a plate for VVIP and VIP, respectively. The three projects to be developed are found in Gorgora in Amhara Regional State; Koisha in Southern Nations, Nationalities & Peoples' Regional State; and Wonchi in Oromia Regional State.


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Securities Exchange (ESX) said on August 7, 2026, that its founding Chief Executive Officer, Tilahun Esmael (PhD), had been replaced by the Chief Operating Officer, Yodit Kassa.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