2merkato

The Ministry of Health has reported that more than 40 percent of the medicines supplied for domestic consumption are produced domestically.

The Ethiopian Electric Utility has reported collecting Birr 52.26 billion from energy sales and miscellaneous income during the first six months of the 2025/26 fiscal year, achieving 96 percent of its planned target.

Gridworks, a British government-owned investor focused on Africa’s electricity networks, has signed agreements to develop and invest in electricity transmission projects in Ethiopia valued at around USD 400 million.

Ethiopia is expected to return to double digit economic growth this fiscal year, driven by a reform program supported by the International Monetary Fund (IMF) that has eased foreign exchange constraints, boosted exports, and improved macroeconomic stability.

The Ethiopian Investment Commission (EIC) has announced the rollout of a new competency assessment and certification system for investment advisory services, a move aimed at professionalizing Ethiopia’s investment ecosystem and boosting confidence among foreign investors.

Ethio Telecom reported that it generated more than Birr 85 billion in revenue during the first six months of the 2025/26 fiscal year, highlighting what it described as strong progress against its half year targets.

The National Bank of Ethiopia (NBE) has launched the country’s first Automated Interbank Foreign Exchange Trading Platform, marking a major step in Ethiopia’s ongoing macroeconomic reform and financial sector modernization agenda.

The Ethiopian Capital Markets Authority (ECMA) has released draft rules to establish an Investment Protection Fund aimed primarily at compensating small private investors in cases of broker related misconduct while excluding large corporations and institutional investors from coverage.

The Industrial Parks Development Corporation (IPDC) says it attracted more than USD 377 million in new investment during the first half of Ethiopia’s 2025/26 fiscal year, drawing 64 investors into the special economic zones and industrial parks under its administration.

The Commercial Bank of Ethiopia (CBE) on Tuesday launched CBE Connect, a new digital platform designed to combine multiple financial services in a single application and enable direct transfers from global banks to Ethiopian fintech wallets.