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



Ethio-Djibouti Railway Undergoes Major Overhaul to Promote Train Speeds


Ethio-Djibouti Railway Undergoes Major Overhaul to Promote Train Speeds

The Ethio–Djibouti railway is undergoing a comprehensive upgrade, with outdated equipment being removed and replaced with modern components. CEO Takele Uma noted that lines inactive for the past eight years are being restored, with the stretch from Sebeta Railway Station to Djibouti’s Nagad Railway Station receiving high-quality, expedited renovation. Once completed, freight train speeds are expected to rise from 60 km/h to 67 km/h, while passenger services will increase from 70 km/h to 90 km/h. Efforts are focused on bringing out-of-service lines back into operation and fully restoring their intended services. While officials did not clarify the cause of the prolonged interruption, they anticipate the renovations will be finished within four months.

[ssba-buttons]

Radar

Abay Bank Lists on Ethiopian Securities Exchange as Fifth Entrant

Abay Bank Share Company began trading on the Main Board of the Ethiopian Securities Exchange (ESX) on June 25, becoming the fifth company to list after registering its ordinary shares with the Ethiopian Capital Market Authority (ECMA). The stock debuted at 1,800 Br a share, making all 9.66 million ordinary shares immediately tradable. The listing follows a year of strong financial and digital growth. For the fiscal year ended June 30, 2025, the bank reported a three-billion-Br profit, assets...


Radar

Court Freezes Bank Accounts and Assets in Cosmo Trading Dispute

The Federal High Court Civil Bench has ordered the Commercial Bank of Ethiopia, Awash Bank, Hibret Bank and Bank of Abyssinia to freeze accounts held by Cosmo Trading Plc and Haileyesus Mengistu, blocking transactions of up to 400 million Br. The order follows the House of Federation's April 27, 2026 decision to suspend enforcement of earlier commercial rulings while it reviews a constitutional dispute over inheritance and contested business assets. The case centres on a nine-storey hotel on...


Radar

Bule Hora, Kebri Dehar Universities Sign Austrian Partnership

Bule Hora and Kebri Dehar universities have signed separate memoranda of understanding with Austria's Leoben University to strengthen training in mining, petroleum and energy as Ethiopia seeks to build resource-based industrial capacity. The partnerships aim to enhance academic and practical skills in mining engineering, petroleum studies and energy systems, disciplines viewed as critical to the country's long-term extractive and industrial ambitions. Under the agreement, Bule Hora Univers...