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 Leads New Climate Reporting System


Ministry Leads New Climate Reporting System

The Ministry of Planning & Development launched an integrated system for measuring, reporting, and verifying greenhouse gas emissions, as well as monitoring and evaluating climate change implementation. The integrated and harmonized national measurement, reporting, and verification (MRV) and monitoring and evaluation (M&E) system, was announced at a program held at the Radisson Blu Hotel on Tito St. last week. State Minister Seyoum Mekonnen clarified that the Ministry is solely responsible for climate and related issues, eliminating the need for agreements or memorandums of understanding with other governmental institutions, and will lead the work moving forward. He also noted that Ethiopia has been implementing various environmental and climate change policies and has prepared performance reports for development planning, monitoring, and evaluation, as well as reporting to the United Nations Framework Convention on Climate Change (UNFCCC). Previously, the existing MRV system had inconsistencies and data gaps. A key goal for the Ministry is establishing an integrated MRV/M&E system this year, which includes developing a single plan and reporting system. This system is designed to produce a biennial transparency report on greenhouse gas emissions and climate change implementation. Preliminary work for this report has been completed, according to the Ministry. A national committee, consisting of experts from seven relevant ministries and three other institutions, has been formed to support the project. The project is technically supported by the Global Green Growth Institute (GGGI), with financial backing from the Nationally Determined Contributions Partnership (NDCP) and the United Nations Office for Project Services (UNOPS), and is led by the Ministry.

[ssba-buttons]

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...