2merkato

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.

Ethiopia and China have signed a USD 15 million grant agreement to improve the operational efficiency, reliability and long term sustainability of the Ethio-Djibouti Railway.

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

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.

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

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 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).