Ethiopian Business News

Ethiopia’s Export Earnings Hit Record USD 10.7 Billion as Coffee Exports Reach USD 3 Billion

Mon, 06 Jul 2026 14:18:06 GMT

Ethiopia has achieved a historic milestone in its export sector, generating more than USD 10.7 billion in export earnings during the 2025/2026 fiscal year, the highest figure ever recorded in the country’s history.

Ugandan Firm Ships First Processed Beef Consignment to Ethiopia

Fri, 03 Jul 2026 12:29:17 GMT

Ugandan meat processor Ranchers Finest Ltd has shipped its first consignment of processed beef to Ethiopia.

IMF Approves USD 464 Million Disbursement for Ethiopia Following Fifth Program Review

Thu, 02 Jul 2026 14:28:20 GMT

The Executive Board of the International Monetary Fund (IMF) has approved a new disbursement of approximately USD 464 million to Ethiopia after completing the fifth review of the country’s (ECF) program.

Commercial Bank of Ethiopia Reports Birr 80 Billion Profit in FY 2025/26

Thu, 02 Jul 2026 14:22:37 GMT

The Commercial Bank of Ethiopia reported a profit of Birr 80 billion during the 2025/26 fiscal year, following strong growth in deposits, lending, and foreign exchange earnings.

Awash Bank Deposits Rise to Birr 467.8 Billion in FY 2025/26

Thu, 02 Jul 2026 14:20:21 GMT

Awash Bank has reported strong financial and operational performance for the 2025/26 fiscal year, with total deposits reaching Birr 467.8 billion, reflecting continued growth in customer outreach and savings mobilization efforts.

Ethiopia: KEFI Appoints New Board Members as Tulu Kapi Project Advances

Tue, 30 Jun 2026 13:11:00 GMT

KEFI Gold and Copper has announced changes to its board as the company prepares for the next stage of development of the Tulu Kapi Gold Project in Ethiopia.

Ethiopia Moves Closer to Debt Restructuring Deal With Bondholders

Mon, 29 Jun 2026 14:01:02 GMT

Ethiopia has reached a preliminary agreement with key bondholders to restructure its defaulted USD 1 billion international bond, marking a step toward resolving the country’s external debt challenges.

Ethiopia, Italy Sign Euro 70 Million Loan Agreement

Mon, 29 Jun 2026 13:56:41 GMT

Ethiopia and Italy have signed a Euro 70 million long term loan agreement to support domestic economic reform and development projects.

Ethiopian Electric Utility Signs ETB 3 Billion Rehabilitation Project Agreement

Mon, 29 Jun 2026 12:11:41 GMT

Ethiopian Electric Utility (EEU) has signed an ETB 3 billion rehabilitation project agreement with Alpha TND & LTD and Capital Electech to upgrade electricity infrastructure in Ambo, Nekemte, and Asosa towns.

Ethiopia Earns Over USD 117 Million from Animal Product Exports

Fri, 26 Jun 2026 08:37:14 GMT

Ethiopia has earned more than USD 117 million from animal product exports during the first 11 months of the fiscal year, according to the Ethiopian Livestock Development Institute.