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Mining Sector Reports Strong Output, Investment Growth


Mining Sector Reports Strong Output, Investment Growth

The Amhara Regional State mining sector says mineral-based import substitute products worth over 246.1 million dollars were produced in the first nine months of the current fiscal year. Bureau spokesperson Zenaw Abebe said 18 mineral exploration projects were completed this year in partnership with regional higher education institutions, identifying deposits used in construction, metal industries, precious minerals and energy production. Officials added that findings have been shared with investors, with 169 mining projects receiving licences over the period.

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Securities Exchange (ESX) said on August 7, 2026, that its founding Chief Executive Officer, Tilahun Esmael (PhD), had been replaced by the Chief Operating Officer, Yodit Kassa.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

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