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



Finance Minister Announces 300b Br Subsidy Budget


Finance Minister Announces 300b Br Subsidy Budget

Ahmed Shide, the minister of Finance, has disclosed a supplementary budget totaling over 300 billion Br, a quarter before the end of the current fiscal year. The Minister announced this during a meeting with Parliament's Standing Committee on Planning, Budget, & Finance Affairs on April 9, 2025, to review the Ministry's eight-month performance. According to the Minister, the federal government is implementing a fiscal policy to stabilise inflation, make tax policy effective, and provide subsidies for essential inputs. The Minister stated that the subsidy is designed to make macroeconomic reform programs "practical and effective." The supplementary budget is to be used to manage budget deficits, provide debt relief, and ensure the effective management of public finances to support the success of the reform programs. The federal government budgeted 971.2 billion Br for the 2024/25 fiscal year, 25pc larger than its previous year's budget. The increase represented a historic milestone as the federal budget reached the one trillion Birr mark for the first time.

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Securities Exchange (ESX) said on August 7, 2026, that its founding Chief Executive Officer, Tilahun Esmael (PhD), had been replaced by the Chief Operating Officer, Yodit Kassa.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