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




US Backs Ethiopia with Mechanical Ventilators

Aug 8 , 2020


[ssba-buttons]

The United States government, through the United States Agency for International Development (USAID), has donated 500 ventilators and other critical care equipment to Ethiopia to buffer the ongoing fight against the Novel Coronavirus (COVID-19). While 250 of the ventilators arrived last week, the remaining are en route. Alongside the donation, USAID will be providing a package of support that consists of complementary equipment, warranty and service plans, as well as training for medical professionals. The donation adds to the more than 71 million dollars that the United States has committed so far to Ethiopia in response to the pandemic through the US State Department, USAID, and the US Centres for Disease Control (CDC). The resources have been channelled to strengthen clinical care, build laboratory capacity, disseminate health messages, and ensure food security caused by the pandemic. In the last 20 years, the United States has invested more than 13 billion dollars in Ethiopia, with close to four billion dedicated to the health sector.


Radar

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...


Radar

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...


Radar

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...