Ethiopian Business News

Ethiopia’s GDP Hits USD 210.7 Billion Under Revised Economic Accounting Framework

Thu, 05 Nov 2026 14:10:08 GMT

Ethiopia has unveiled revised gross domestic product (GDP) figures, valuing its economy at USD 210.7 billion in the 2018 (2025/26) Ethiopian fiscal year following a nationwide rebasing exercise designed to capture changes in economic activity.

PetroChina Explores South Sudan-Ethiopia-Djibouti Oil Corridor

Thu, 05 Nov 2026 13:52:50 GMT

PetroChina International is considering an oil export corridor linking South Sudan to Djibouti through Ethiopia, reducing South Sudan’s dependence on pipelines crossing conflict hit Sudan.

Ethiopia Seeks USD 11 Billion to Expand Electricity Access

Mon, 02 Nov 2026 14:16:53 GMT

Ethiopia is seeking nearly USD 11 billion from the World Bank and other development partners to implement its third National Electrification Plan (NEP 3), which aims to provide universal electricity access within a decade.

Ethiopia and Huawei Strengthen Partnership to Advance Digital Transformation

Mon, 02 Nov 2026 13:31:35 GMT

Ethiopia is seeking to expand its strategic partnership with Chinese technology company Huawei as part of its efforts to accelerate digital transformation and achieve the objectives of its Digital Ethiopia 2030 strategy.

Ethiopia, EIB Global Discuss €190 Million in Financing for Rural Development and Energy Projects

Thu, 29 Oct 2026 14:47:18 GMT

Ethiopia and the European Investment Bank’s development arm, EIB Global, have reaffirmed plans to expand cooperation on investment, infrastructure and private sector development.

Ethiopia: Dashen Bank Reports Birr 15.2 Billion in Annual Pre-Tax Profit

Thu, 29 Oct 2026 14:36:16 GMT

Dashen Bank has reported a pre-tax profit of Birr 15.2 billion for the 2025/26 fiscal year, with its total assets reaching Birr 350 billion.

Ethiopia: Hibret Insurance Reports Birr 1.4 Billion in Annual Pre-Tax Profit

Thu, 29 Oct 2026 13:40:09 GMT

Hibret Insurance has reported a pre-tax profit of Birr 1.4 billion for the 2025/26 fiscal year, representing a 36.92 percent increase compared to the previous year.

Mastercard Introduces AI and Tokenization to Enhance Digital Payment Security in Ethiopia

Tue, 27 Oct 2026 13:53:18 GMT

Mastercard is strengthening digital payment security in Ethiopia by deploying artificial intelligence and tokenization technology as electronic transactions become increasingly common.

Ethiopia Processes Over 1 Million Business Registration and Licensing Services Online in Three Months

Tue, 27 Oct 2026 13:45:51 GMT

Ethiopia has processed more than 1.08 million business registration and licensing services through digital platforms over the past three months, marking significant progress in the country's efforts to modernize public service delivery.

Ethiopia Attracts USD 1.432 Billion in FDI in First Quarter of 2026/27 Fiscal Year

Wed, 21 Oct 2026 14:19:30 GMT

Ethiopia attracted USD 1.432 billion in foreign direct investment (FDI) during the first quarter of the 2026/27 fiscal year, representing a 49 percent increase compared to the same period last year, according to the Ethiopian Investment Commission (EIC).