Ethiopian Business News

Lamu Refinery to Expand Ethiopia’s Fuel Supply Options and Strengthen Regional Trade, PM Abiy Says

Wed, 30 Sep 2026 14:45:32 GMT

Ethiopia is set to benefit from Kenya’s planned Lamu oil refinery through expanded access to regional refined petroleum supplies and increased opportunities for trade and investment, Prime Minister Abiy Ahmed said during the project’s groundbreaking ceremony.

Ethiopia: Council of Ministers Advances Key Legislative Decisions on Data, Energy and Taxation

Mon, 28 Sep 2026 14:30:25 GMT

Ethiopia’s Council of Ministers has advanced a series of legislative and regulatory decisions covering data governance, energy-sector financing, income tax administration and value added tax, with several draft laws approved for submission to the House of Peoples’ Representatives.

Ethiopia, Djibouti Unveil Cross-Border Fuel Pipeline to Strengthen Energy Corridor

Thu, 24 Sep 2026 14:32:15 GMT

Ethiopia and Djibouti have announced a major cross-border petroleum infrastructure project aimed at strengthening energy security, cutting logistics costs and deepening economic cooperation between the neighboring countries.

Ethiopia: Wegagen Bank Posts Birr 4.3 Billion Pre-Tax Profit as Assets Climb 32%

Mon, 21 Sep 2026 15:38:44 GMT

Wegagen Bank reported a pre-tax profit of Birr 4.3 billion for the 2025/26 fiscal year, supported by growth in income, deposits, lending and digital banking activity.

Ethiopia: Lottery Regulator Moves to Rebuild Betting Sector After Sweeping Audit

Mon, 21 Sep 2026 15:32:08 GMT

The Ethiopia Lottery Service (ELS) is preparing to reintroduce sports betting and digital lottery services following a wide ranging audit and reform drive aimed at tightening regulation, improving transparency and strengthening oversight of the sector.

Ethiopia’s Kurmuk Gold Mine Moves Closer to Commercial Production

Fri, 18 Sep 2026 14:25:49 GMT

Ethiopia’s Kurmuk Gold Mine has entered a key commissioning phase, bringing one of the country’s largest gold projects closer to full scale commercial production.

Ethiopia Moves to Double Electricity Exports to Kenya

Thu, 17 Sep 2026 14:25:00 GMT

Ethiopia is finalizing preparations to double its electricity exports to Kenya as part of efforts to deepen regional energy integration and expand cross border power trade, Ethiopian Electric Power (EEP) said.

Ethiopia Moves to Streamline AfCFTA Trade with New Guidelines and Digital Portal

Wed, 16 Sep 2026 13:35:34 GMT

Ethiopia held a national stakeholder consultation on new trade guidelines and a digital information portal designed to facilitate trade in goods under the African Continental Free Trade Area (AfCFTA).

Ethiopian Guji Coffee Sets Historic Price Record at Online Auction

Wed, 16 Sep 2026 13:25:59 GMT

Ethiopian specialty coffee has achieved a new record price in the international market, underscoring growing global demand for the country’s premium coffee varieties, according to the Ethiopian Coffee and Tea Authority.

BRICS Endorses Ethiopia’s WTO Accession Bid at New Delhi Summit

Mon, 14 Sep 2026 13:11:20 GMT

The 18^th BRICS Summit has formally backed Ethiopia’s bid to join the World Trade Organization, strengthening the country’s efforts to secure membership in the global trading body.