Ethiopian Business News

Ethiopia: Water Ministry Signs Birr 933.6 Million Contract for Angacha Water Project

Fri, 14 Aug 2026 11:47:29 GMT

The Ministry of Water and Energy has signed a contract worth more than Birr 933.6 million with Bigeta Business PLC for the drilling and construction of water wells in Angacha Woreda, Kembata Zone, Central Ethiopia Regional State.

Ethiopia Targets USD 13.4 Billion in Export Revenue for 2026/27

Fri, 14 Aug 2026 11:34:49 GMT

Ethiopia has set a target of generating USD 13.4 billion in export revenue during the 2026/27 fiscal year, as the government seeks to increase foreign exchange earnings and expand the country’s presence in international markets.

Ethiopia: Siinqee Bank Reports Birr 10.7 Billion Pre-Provision Profit

Wed, 12 Aug 2026 14:22:23 GMT

Siinqee Bank reported a pre-provision profit of Birr 10.7 billion for the 2025/26 fiscal year, according to figures presented during the bank’s annual operational review held at the Ethiopian Skylight Hotel.

Ethiopia: Ethio Telecom, ZTE Push 4G Coverage to 92% in Network Modernization Drive

Wed, 12 Aug 2026 14:04:28 GMT

Ethio telecom and Chinese telecommunications technology company ZTE have expanded 4G population coverage to 92 percent within ZTE’s service circle as the two companies advance a major network modernization and expansion program across Ethiopia.

EthSwitch Moves to Enable International Card Payments in Ethiopia

Mon, 10 Aug 2026 14:04:29 GMT

EthSwitch S.C., operator of Ethiopia’s national payment infrastructure, has opened an international settlement account with Bank of Abyssinia as part of efforts to connect the country’s payment system with global card networks.

Ethiopian Electric Utility Revenue Reaches Birr 118.91 Billion in 2025/26 Fiscal Year

Mon, 10 Aug 2026 13:57:22 GMT

The Ethiopian Electric Utility (EEU) generated Birr 118.91 billion in revenue during the 2025/26 fiscal year, surpassing its annual target of Birr 115.86 billion.

Ethiopia Earns More Than USD 5.7 Billion from Mining, USD 477 Million from Electricity Sales in 2025/26

Thu, 06 Aug 2026 13:03:42 GMT

Ethiopia generated more than USD 5.7 billion in revenue from its mining sector during the 2025/26 fiscal year, while electricity exports and sales brought in USD 477 million, according to the Ministries of Mines and Water and Energy.

Ethiopia: Safaricom Shareholders Approve Record Dividend

Wed, 05 Aug 2026 14:26:35 GMT

Safaricom shareholders have approved a final dividend of KSh1.15, or approximately USD 0.01, per share, bringing the telecommunications company’s total dividend payout for the 2026 financial year to a record KSh80.13 billion, equivalent to about USD 620 million.

Ethiopia Sets USD 1 Billion Manufacturing Export Target

Fri, 31 Jul 2026 13:17:14 GMT

Ethiopia has set a target of earning USD 1 billion from manufacturing exports during the 2026/27 fiscal year, after the sector generated USD 607 million in the 2025/26 fiscal year.

DBE to Disburse 31 Million Euro in Concessional Loans to Conflict Affected MSMEs

Fri, 31 Jul 2026 13:11:18 GMT

The Development Bank of Ethiopia (DBE) is preparing to disburse a 31 million euro concessional loan package to micro, small and medium enterprises operating in conflict affected areas of the country.