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 in Forefront for Productive Safety Net Investments

Apr 3 , 2021


[ssba-buttons]

Early last week, the fifth phase of the Productive Safety Net Programme (PSNP) was launched in the presence of representatives of the federal government and officers from the United States Agency for International Development (USAID). The PSNP is a food security, public works and social safety net programme for millions in need across Ethiopia. Backed by 2.2 billion dollars in funding, the fifth phase is expected to last five years and reach up to nine million people each year. As the largest donor, USAID’s contribution accounts for over 550 million dollars. Established two years after the largest famine the country has ever seen in 2005, the previous four phases have witnessed investments of 5.3 billion dollars. The highest amount, 2.6 billion dollars, was spent last year. The United States has supported the programme with the highest spending of over four billion dollars in the last five years.


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 the utility 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 s...


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Securities Exchange (ESX) said on August 7, 2026, that its founding Chief Executive Officer, Tilahun Esmael (PhD), had been replaced by the Chief Operating Officer, Yodit Kassa.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