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Edan Power, China Sign Deal to Establish Green Tech Hub


Edan Power, China Sign Deal to Establish Green Tech Hub

Ethiopian Edan Power and China’s Southern Power Grid Technology (CSGT) have signed a strategic, exclusive partnership to develop a "Green Tech" hub. The agreement was signed on January 26, 2026, by Hamde Ebrahim for Edan Power and Jiang Junpeng, General Manager of CSGT’s International Development Department, in the presence of Bayissa Bedada (PhD), State Minister of Innovation & Technology. Edan Power Group, an electro-mechanical engineering and manufacturing company, supplies power generation equipment, water pumping systems, agricultural machinery, solar solutions, and electrical control systems. Under the agreement, Edan Power will work with CSGT, in coordination with Ethiopia Electric Utility (EEU), to generate jobs across engineering, manufacturing, and local supply chains. The partnership will roll out in three phases: technology transfer and maintenance training, local assembly starting in 2028, and full-scale manufacturing with an export focus. The deal sets a framework for energy cooperation built on technological sovereignty, with the aim of enabling local production of green energy solutions.

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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...


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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...


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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...