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Ministry Reports Export Earnings Jump, Driven by Gold, Coffee Gains


Ministry Reports Export Earnings Jump, Driven by Gold, Coffee Gains

The Minister of Planning & Development, Fitsum Assefa (PhD), reported to the Council of Ministers that the country’s export sector earned 7.7 billion dollars in nine months, bringing the country close to its annual target of 9.39 billion dollars. Eight years ago, total export earnings stood at 2.84 billion dollars. By July 2025, that figure had risen to 8.35 billion dollars. Mining led the performance, with gold exports generating more than four billion dollars in nine months 155pc of the target and an 87pc jump from the previous year. Coffee remained a strong performer, earning 1.924 billion dollars, reaching 99pc of its target and growing 28pc year-on-year. Electricity exports brought in 351 million dollars, exceeding the target by 10pc and rising 53pc compared to last year. Not all sectors followed the upward trend. Flower exports earned 351 million dollars, meeting only 65pc of the target and declining 14pc year-on-year. Pulse exports generated 214 million dollars, achieving 88pc of the target but slipping 6pc from last year’s performance.

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Customs Authorities Intercept Major Alleged Contraband Shipment Worth 422 Million Br

The Customs Commission seized alleged contraband goods worth more than 422 million Br during inspections conducted between June 25 and June 30, 2026. The haul included clothing, electronics, ammunition, construction materials, coffee, vehicle spare parts, cosmetics, khat, narcotics, minerals, livestock and foreign currency. The Addis Abeba Airport, Moyale and Awash customs branches recorded the largest seizures, valued at 115 million Br, 93 million Br and 61 million Br, respectively. Authorit...


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Hijira Bank Posts Record Growth as Assets Reach 31.45 Billion Br

Hijira Bank posted 3.55 billion Br in income in 2025/26, exceeding its combined earnings over the previous four years, while gross profit reached 1.9 billion Br. Assets rose 115pc to 31.45 billion Br, deposits doubled to 24 billion Br, and capital increased 202pc to 7.45 billion Br. Digital transaction value surged 86pc to 41.72 billion Br, foreign currency earnings reached 158 million dollars, and total banking transactions hit 615.39 billion Br. The bank also disbursed 1.5 billion Br in col...


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Gadaa Bank Offers One Million Shares to Public Investors

Gadaa Bank has offered one million shares to the public at 1,050 Br per share following approval from the Ethiopian Securities Exchange (ESX) on June 22, 2026. The share sale keeks to expand the bank's capital base and strengthen shareholder value. The offering will run until September 17, 2026, and is open to existing shareholders and new investors who meet ESX requirements. It is open to existing shareholders and new investors who meet ESX requirements...