2merkato

The Ministry of Water and Energy has signed a contract worth more than Birr 933.6 million with Bigeta Business PLC for the drilling and construction of water wells in Angacha Woreda, Kembata Zone, Central Ethiopia Regional State.

Ethiopia has set a target of generating USD 13.4 billion in export revenue during the 2026/27 fiscal year, as the government seeks to increase foreign exchange earnings and expand the country’s presence in international markets.

Siinqee Bank reported a pre-provision profit of Birr 10.7 billion for the 2025/26 fiscal year, according to figures presented during the bank’s annual operational review held at the Ethiopian Skylight Hotel.

Ethio telecom and Chinese telecommunications technology company ZTE have expanded 4G population coverage to 92 percent within ZTE’s service circle as the two companies advance a major network modernization and expansion program across Ethiopia.

EthSwitch S.C., operator of Ethiopia’s national payment infrastructure, has opened an international settlement account with Bank of Abyssinia as part of efforts to connect the country’s payment system with global card networks.

The Ethiopian Electric Utility (EEU) generated Birr 118.91 billion in revenue during the 2025/26 fiscal year, surpassing its annual target of Birr 115.86 billion.

Ethiopia generated more than USD 5.7 billion in revenue from its mining sector during the 2025/26 fiscal year, while electricity exports and sales brought in USD 477 million, according to the Ministries of Mines and Water and Energy.

Safaricom shareholders have approved a final dividend of KSh1.15, or approximately USD 0.01, per share, bringing the telecommunications company’s total dividend payout for the 2026 financial year to a record KSh80.13 billion, equivalent to about USD 620 million.

Ethio Post announced a remarkable 3.85 billion Birr in revenue for the 2025/26 fiscal year, marking a 30 percent growth compared to the previous year.

The United States is seeking opportunities for American companies to participate in Ethiopian Airlines’ planned USD 12.5 billion Bishoftu International Airport project, according to a senior official at the US Department of Commerce.