Ethiopian Business News

Ethiopia’s Livestock Export Earnings Rise 35 Percent to USD 128.3 Million

Mon, 07 Sep 2026 14:39:02 GMT

Ethiopia earned USD 128.3 million from livestock exports during the 2025/26 fiscal year, an increase of more than 35 percent from approximately USD 95 million in previous years, according to the Livestock Development Institute.

Ehiopia: CBE Posts Birr 38.7 Billion Net Profit as Non-Interest Income Jumps

Mon, 07 Sep 2026 13:44:02 GMT

The Commercial Bank of Ethiopia (CBE) reported Birr 38.71 billion in net profit for the 2025/26 financial year, supported by strong growth in both interest and non-interest income.

Ethiopia: Addis Ababa Revenue Bureau Steps Up Inspections Over Suspected Vehicle Tax Evasion

Fri, 04 Sep 2026 14:56:35 GMT

The Addis Ababa Revenue Bureau has announced plans to intensify warehouse and vehicle inspections as part of a crackdown on suspected tax evasion involving car importers and commission based vehicle dealers in the capital.

Ethio Telecom Targets Birr 295 Billion Revenue as Next Horizon Strategy Enters Second Year

Fri, 04 Sep 2026 14:11:51 GMT

Ethio Telecom has set a target of generating Birr 295 billion in revenue during the 2026/27 fiscal year as it enters the second year of its three year “Next Horizon: Digital & Beyond Strategy.”

Ethiopia, IFC Agree to Establish Birr 100 Billion Mortgage Refinance Company

Thu, 03 Sep 2026 14:52:34 GMT

Ethiopia has signed a cooperation framework with the International Finance Corporation (IFC) to establish a mortgage refinance company aimed at expanding access to housing finance and addressing liquidity constraints in the banking sector.

Brazil Opens First ApexBrasil Africa Office in Addis Ababa

Thu, 03 Sep 2026 13:56:00 GMT

Brazil has opened a permanent office of its Trade and Investment Promotion Agency, ApexBrasil, in Addis Ababa as the two countries seek to deepen trade, investment and business ties.

African Union to Launch Continental Credit Rating Agency in October

Tue, 01 Sep 2026 02:18:34 GMT

The African Union is set to launch a new continent wide credit rating agency in October as part of efforts to address high borrowing costs faced by African governments and strengthen the continent’s role in reforming the global financial system.

Ethiopia’s Pharmaceutical Supply Agency Earns Continental Recognition for Supply Chain Reforms

Tue, 01 Sep 2026 01:22:39 GMT

The Ethiopian Pharmaceutical Supply Service has won the Gold Award at the fifth Africa Supply Chain Excellence Awards, held in Pretoria, South Africa, recognising reforms in pharmaceutical procurement and supply chain management.

Ethiopia: Addis Chamber, Chinese Export Promotion Bureau Sign Trade Cooperation Agreement

Wed, 26 Aug 2026 14:36:01 GMT

The Addis Ababa Chamber of Commerce and Sectoral Associations and China’s International Export Promotion Bureau have signed a memorandum of understanding aimed at strengthening trade and investment cooperation between Ethiopia and China.

Ethiopia: Federal Attorney General Recovers Birr 2.29 Billion Through Asset Recovery Measures

Wed, 26 Aug 2026 14:30:50 GMT

The Federal Attorney General has announced that the government recovered or secured more than Birr 2.29 billion during the 2025/26 fiscal year through court decisions, settlements, negotiations and other asset recovery measures targeting illegally acquired wealth.