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Solar Initiative Targets Water Access for Farming, Livestock


Solar Initiative Targets Water Access for Farming, Livestock

The World Food Programme, Germany and the Ethiopian government have launched a solar-powered irrigation project in the Somali Region to bolster food security and drought resilience for pastoral communities. Financed by KfW Development Bank, the initiative is expected to support 17,000 pastoral and agro-pastoral households, or around 85,000 people, through improved water access for farming and livestock. Using solar energy to pump water from the Shebelle River, the project aims to enable year-round food production, including during drought periods. Officials say the initiative is designed to strengthen livelihoods, climate adaptation and long-term resilience. The project has already generated 17.5 million Br in production value during the 2024/25 fiscal year, contributing to higher incomes and stronger protection against climate shocks.

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Securities Exchange (ESX) said on August 7, 2026, that its founding Chief Executive Officer, Tilahun Esmael (PhD), had been replaced by the Chief Operating Officer, Yodit Kassa.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