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




UNHCR to Finance Solar Farm Dev't

Nov 14 , 2020


[ssba-buttons]

The United Nations High Commission for Refugees (UNHCR) has put up a tender for independent power producers to build photovoltaic (solar power) plants ranging from 60kW to 500kW of capacity. The Agency is currently accepting proposals for the construction of ground-mounted solar projects from producers who will finance, build and operate the solar plants. The final project will have a combined capacity of 1.8MW, and sites are expected to be deployed in combination with storage or diesel power generators along with diesel back up. The selected independent power producers are going to be awarded a long-term power purchase agreement (PPA), backed by the UNHCR’s Green Fund. The Green Fund is an innovative financing scheme that permits the Agency to contract out clean energy generation as a service through multi-year PPAs or similar leasing arrangements with private sector independent power producers.


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Securities Exchange (ESX) said on August 7, 2026, that its founding Chief Executive Officer, Tilahun Esmael (PhD), had been replaced by the Chief Operating Officer, Yodit Kassa.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