2merkato

Ethiopia and Djibouti have announced a major cross-border petroleum infrastructure project aimed at strengthening energy security, cutting logistics costs and deepening economic cooperation between the neighboring countries.

The Collective Investment Schemes Operation Directive No. 1150/2026 has been registered and approved by the FDRE Ministry of Justice as of September 23, 2026, the Ethiopian Capital Market Authority (ECMA) announced.

Wegagen Bank reported a pre-tax profit of Birr 4.3 billion for the 2025/26 fiscal year, supported by growth in income, deposits, lending and digital banking activity.

The Ethiopia Lottery Service (ELS) is preparing to reintroduce sports betting and digital lottery services following a wide ranging audit and reform drive aimed at tightening regulation, improving transparency and strengthening oversight of the sector.

Ethiopia’s Kurmuk Gold Mine has entered a key commissioning phase, bringing one of the country’s largest gold projects closer to full scale commercial production.

Ethiopia is finalizing preparations to double its electricity exports to Kenya as part of efforts to deepen regional energy integration and expand cross border power trade, Ethiopian Electric Power (EEP) said.

Ethiopia held a national stakeholder consultation on new trade guidelines and a digital information portal designed to facilitate trade in goods under the African Continental Free Trade Area (AfCFTA).

Ethiopian specialty coffee has achieved a new record price in the international market, underscoring growing global demand for the country’s premium coffee varieties, according to the Ethiopian Coffee and Tea Authority.

Nigerian billionaire Aliko Dangote has launched an initial public offering for his oil refinery, targeting up to USD 2.1 billion in what is expected to become Africa’s largest share sale.

The 18^th BRICS Summit has formally backed Ethiopia’s bid to join the World Trade Organization, strengthening the country’s efforts to secure membership in the global trading body.