Ethiopia business news
Ethiopia business news: the latest stories from 26 Ethiopian Telegram news channels, one neutral summary per story with every channel that covered it. In English and Amharic, updated every 2 hours.
- Allied Gold begins wet commissioning at Kurmuk mine, targets first gold
Allied Gold Corporation has commenced wet commissioning at its flagship Kurmuk Gold Mine in western Ethiopia, marking a major step in transitioning from construction to production. The company expects to introduce ore…
- Sirinka Agricultural Research Center expands operations across multiple regional zones
The Sirinka Agricultural Research Center continues to support agricultural productivity and research across North Wello, South Wello, and the Oromo Special Zone through crop development, animal breeding, and seed…
- Afreximbank and APPO launch 5 billion dollar Africa Energy Bank
Afreximbank and the African Petroleum Producers' Organisation have formally established the 5 billion dollar Africa Energy Bank during its inaugural meeting in Abuja. The institution aims to finance continental energy…
- Ethiopian Deposit Insurance Fund records 2.6 billion birr in Q1 premiums
The Ethiopian Deposit Insurance Fund collected 2.61 billion birr in annual premiums during the first quarter of the current fiscal year, a 25.48 percent increase from the same period last year. The state-owned…
- Ethiopian Deposit Insurance Fund collects 2.61 billion birr in Q1 premiums
The Ethiopian Deposit Insurance Fund collected 2.61 billion birr in annual premiums from member financial institutions during the first quarter of the 2026/27 fiscal year, meeting 100 percent of its target and rising…
- African Energy Bank established with $5 billion capital to bridge financing gap
The African Export-Import Bank and the African Petroleum Producers Organization have officially established the African Energy Bank with a capital of 5 billion dollars. The bank aims to address the financing gap in the…
- Ethiopian tax authorities crack down on undeclared income and false accounting
Ethiopian tax authorities are intensifying scrutiny of corporate and individual financial records. Auditors have been directed to deploy forensic banking analyses and reject falsified financial statements under new…
- Transport Employers Federation says 90 percent compensation paid for vehicles damaged in northern conflict
The Ethiopian Transport Employers Federation announced that 90 percent of compensation payments have been disbursed to owners whose vehicles were damaged or destroyed during the northern conflict. Discussions are…
- Ethiopia unveils 30 billion dollar power upgrade plan for next decade
Ethiopian Electric Power has announced a 30 billion dollar plan over the next ten years to upgrade generation capacity and transmission lines. Chief Executive Ashber Balcha stated that the strategy aims to generate…
- Ministry says over 453,000 hectares covered in bean cultivation
Agriculture Minister Adugna Gaba has announced that 453,748 hectares of land have been cultivated with beans in highland and midland areas for the 2018/19 production season, surpassing the initial target of 421,973…
- IMF to review implementation schedule for Ethiopia's new economic forecasting model
The International Monetary Fund plans to discuss the implementation timeline for Ethiopia's new macroeconomic forecasting model with authorities. Questions remain over the project's completion following an initial…
- Ethiopia to electrify Djibouti trade corridor with multi-million-dollar EV plan
Ethiopia is preparing a proposed multi-million-dollar electric-vehicle infrastructure project to electrify its trade corridor to Djibouti, aiming to reduce reliance on imported fuel and cut transport costs, Capital…
- Harari region launches irrigation works on over 5,500 hectares
The Harari regional administration has launched dry-season irrigation activities across more than 5,500 hectares of land. Deputy President and Agriculture Bureau Head Roza Omer stated the project aims to offset…
- Ethiopia awards two industries for outstanding Kaizen implementation
Elfora Melge Agro Processing Factory and Dinke Home Furniture PLC received top honors for Kaizen implementation at the Africa Kaizen Award-2026 in Mauritius. Six Ethiopian industries competed among participants from 11…
- East Gojjam farmers boost yields through agricultural demonstration sites
Farmers in East Gojjam zone say practical knowledge gained from agricultural demonstration sites has helped them raise productivity. Agriculture officials note these sites are vital for transferring modern farming…
- Ethiopia overtakes Tanzania as top LDC services exporter, WTO-OECD report says
Ethiopia has emerged as the largest commercial services exporter among the world's least-developed countries, according to a joint report by the WTO and the OECD. The country accounted for 17 percent of the group's…
- Kobo Girana Valley development project expands agricultural production
The Kobo Girana Valley development program currently cultivates 17,000 hectares of land and operates 42 irrigation projects. Officials noted the initiative holds the potential to expand cultivation across more than…
- Amhara agricultural research institute introduces drought-tolerant crop varieties
The Amhara Region Agricultural Research Institute has introduced new drought-resistant crop varieties to farmers to enhance productivity and secure food supplies. The initiative aims to provide sustainable alternatives…
- Central Ethiopia region highlights agricultural modernization under Medemer
The Central Ethiopia Region Agriculture Bureau stated that modernizing agriculture is essential for sustainable public benefit under the Medemer government. Officials made the remarks during a field observation of food…
- Jubilation Africa seeks to expand work opportunities for local creatives
Cultural events are generating employment for musicians, designers, and technicians in Ethiopia, though questions persist regarding whether project-based entertainment industries can ensure sustainable incomes, Capital…
- Ethiopian Electric Utility opens 11 EV charging stations in six cities
Ethiopian Electric Utility inaugurated 11 electric-vehicle charging stations in Bishoftu, Mojo, Adama, Batu, Hawassa and at five sites in Addis Ababa. Chief executive Getu Geremew said each new station can charge six…
- Awash Bank posts 38.3 billion birr pre-tax profit, up 49%
Awash Bank reported a pre-tax profit of 38.3 billion birr for the 2018 Ethiopian fiscal year, up 12.6 billion birr or 49%. Total assets reached 624 billion birr, deposits 469.3 billion birr and gross income 84.6…
- Ethiopia rolls out digital coffee tracking for 1.4 million producers ahead of EU rules
The Ethiopian Coffee and Tea Authority has deployed a national platform that tracks coffee from farm to export, covering 1.4 million producers, as European buyers demand proof of origin under the EU Deforestation…
- Amhara region to bring 250,000 new hectares under irrigation this dry season
More than 250,000 hectares of new land will be irrigated in Amhara region this dry season, Amhara Media reports, part of a push to end farming's dependence on the rainy season.
- Marriott Drilling to start Corbetti geothermal wells near Shashemene next year
UK-based Marriott Drilling Group has signed a contract to drill up to four exploration wells for the Corbetti geothermal project in the Corbetti Caldera near Shashemene, Oromia, early next year. The deal follows…