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River Restoration Plan in Addis Abeba Receives Support


River Restoration Plan in Addis Abeba Receives Support

Ethiopia and Italy have signed a €5 million grant agreement to finance the Qebena Tributaries Riverside Development Project in Addis Abeba. Signed on May 14, 2026, the project will be implemented over 24 months under the Addis Abeba Urban Beautification and Greenery Development Bureau. The initiative focuses on restoring two heavily polluted tributaries of the Qebena River in Yeka Sub-city through sewer line construction, stormwater drainage systems, and riverbank protection works. It also includes the creation of a riparian buffer zone with native vegetation and community spaces, aimed at reducing pollution, controlling erosion, and improving urban environmental resilience.

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Securities Exchange (ESX) said on August 7, 2026, that its founding Chief Executive Officer, Tilahun Esmael (PhD), had been replaced by the Chief Operating Officer, Yodit Kassa.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