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



Customs Seize Contraband Worth Hundreds of Millions


Customs Seize Contraband Worth Hundreds of Millions

The Ethiopian Customs Commission seized contraband worth over 375.6 million Br during a week-long operation from 5 to 12 November 2025. The haul included 350.2 million Br in illegal imports and 25.4 million Br in export contraband, covering textiles, electronics, coffee, grains, vehicle parts, cosmetics, khat, narcotics, pharmaceuticals, minerals, live animals, and foreign currency. Hawassa led with 70 million Br seized, followed by Moyale with 69 million Br and Awash with 64 million Br. Authorities detained twenty-three suspects and impounded five vehicles. The operation relied on joint inspections, public tips, and aerial surveillance, involving Customs officers, federal and regional police, and local communities. The Commission warned that smugglers’ tactics are constantly evolving and urged citizens and institutions to remain vigilant and report suspicious activities to protect the national economy from illicit trade.

[ssba-buttons]

Radar

Customs Authorities Intercept Major Alleged Contraband Shipment Worth 422 Million Br

The Customs Commission seized alleged contraband goods worth more than 422 million Br during inspections conducted between June 25 and June 30, 2026. The haul included clothing, electronics, ammunition, construction materials, coffee, vehicle spare parts, cosmetics, khat, narcotics, minerals, livestock and foreign currency. The Addis Abeba Airport, Moyale and Awash customs branches recorded the largest seizures, valued at 115 million Br, 93 million Br and 61 million Br, respectively. Authorit...


Radar

Hijira Bank Posts Record Growth as Assets Reach 31.45 Billion Br

Hijira Bank posted 3.55 billion Br in income in 2025/26, exceeding its combined earnings over the previous four years, while gross profit reached 1.9 billion Br. Assets rose 115pc to 31.45 billion Br, deposits doubled to 24 billion Br, and capital increased 202pc to 7.45 billion Br. Digital transaction value surged 86pc to 41.72 billion Br, foreign currency earnings reached 158 million dollars, and total banking transactions hit 615.39 billion Br. The bank also disbursed 1.5 billion Br in col...


Radar

Gadaa Bank Offers One Million Shares to Public Investors

Gadaa Bank has offered one million shares to the public at 1,050 Br per share following approval from the Ethiopian Securities Exchange (ESX) on June 22, 2026. The share sale keeks to expand the bank's capital base and strengthen shareholder value. The offering will run until September 17, 2026, and is open to existing shareholders and new investors who meet ESX requirements. It is open to existing shareholders and new investors who meet ESX requirements...