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



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.

[ssba-buttons]

Radar

Liquidity Relief, Reform Pressure Meet as World Bank Prepares Major Budget Support

The World Bank is set to approve a 1.45 billion dollar budget support package for the Ethiopian government on June 25, 2026. The announcement came alongside a high-level consultation at the Ethiopian Skylight Hotel, where leaders from the Ethiopian Chambers of Commerce and Sectoral Associations (ECCSA) met with private sector representatives and the National Council. The package follows an earlier 17 billion dollar credit and summer service support allocation. The institution has anchored key...


Radar

Cabinet Approves 502b Birr Budget as City Returns to Federal Subsidy

The Addis Abeba City Cabinet has approved a 502 billion Br budget for the 2026/27 fiscal year, a fiscal plan that marks a return to federal subsidies despite previous claims of municipal self-sufficiency. The budget, now awaiting final ratification by the City Council, incorporates a federal subsidy of more than 74 million Br. This policy reversal follows the 2025/26 mid-year salary revisions for civil servants, implemented to buffer the inflationary impact of the floating Birr on the cost of...


Radar

Global Analytics Meets Local Insight as WAAS Partners With Kantar in Ethiopia Expansion

WAAS International Plc has partnered with global analytics firm Kantar on June 12, 2026, to introduce predictive analytics and consumer tracking tools into the country's corporate market. The collaboration blends Kantar's global methodologies with WAAS's 35-year local data archive to support business leaders operating in a liberalising economy. WAAS Managing Director Efera Busa said the partnership connects global expertise with local context, delivering standardised metrics without losing cu...