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ESLSE Tightens Spending, Saves Half a Billion Birr and Exceeds Targets


ESLSE Tightens Spending, Saves Half a Billion Birr and Exceeds Targets

The Ethiopian Shipping & Logistics Services Enterprise (ESLSE) said it has saved over half a billion birr in the past 10 months, crediting the turnaround to strict cost-control measures and targeted expenditure reductions. The logistics operator attributed the gains to a series of operational reforms, including the overhaul of workflows, reduced reliance on external vendors, and expanded in-house capacity. It also began manufacturing machinery spare parts locally to cut import costs, while tightening oversight of heavy equipment and corporate vehicle usage. Fuel expenses were reduced through improved route planning and fleet management, while the enterprise also secured more competitive pricing agreements with international shipping line partners. ESLSE said the combined measures not only strengthened cost efficiency but also lifted overall performance, helping it achieve 104.2pc of its institutional targets for the reporting 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Securities Exchange (ESX) said on August 7, 2026, that its founding Chief Executive Officer, Tilahun Esmael (PhD), had been replaced by the Chief Operating Officer, Yodit Kassa.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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