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Authority Intensifies Food, Drug Safety Crackdown


Authority Intensifies Food, Drug Safety Crackdown

Addis Abeba Food & Drug Authority(AAFDA) removed products worth 123 million Br and penalised more than 1,200 businesses in nine-month crackdown ahead of Easter. The authority intensified inspections across 21,000 food producers, distributors, 4,000 health institutions, and tobacco-regulated sites during the current fiscal year. Officials uncovered expired food/medicines, drug sales without presprecription , unknown-origin products, and unlicensed operations, risks surging with holiday demand for food, pharma, and livestock. Substandard food, beverages, medicines, and tobacco valued at 123 million Br were pulled from markets; actions hit 1,200 food/health firms, 260 pharmacies, clinics, and professionals.

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Securities Exchange (ESX) said on August 7, 2026, that its founding Chief Executive Officer, Tilahun Esmael (PhD), had been replaced by the Chief Operating Officer, Yodit Kassa.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