2merkato

Ethiopia has taken another step toward joining the World Trade Organization after signing a Bilateral Market Access Protocol with Thailand at the WTO headquarters in Geneva.

Safaricom Ethiopia has signed a Joint Venture Agreement with the National ID Program and Africom Technologies PLC to support the implementation of the National Fayda Digital ID Registration Project.

Ethiopian Shipping and Logistics (ESL) is advancing its fleet expansion program, with a high level technical delegation traveling to China to assess vessel supply options and hold preliminary talks with potential suppliers.

Ethiopia has achieved a historic milestone in its export sector, generating more than USD 10.7 billion in export earnings during the 2025/2026 fiscal year, the highest figure ever recorded in the country’s history.

Ugandan meat processor Ranchers Finest Ltd has shipped its first consignment of processed beef to Ethiopia. 

The Executive Board of the International Monetary Fund (IMF) has approved a new disbursement of approximately USD 464 million to Ethiopia after completing the fifth review of the country’s (ECF) program.

The Commercial Bank of Ethiopia reported a profit of Birr 80 billion during the 2025/26 fiscal year, following strong growth in deposits, lending, and foreign exchange earnings.

Awash Bank has reported strong financial and operational performance for the 2025/26 fiscal year, with total deposits reaching Birr 467.8 billion, reflecting continued growth in customer outreach and savings mobilization efforts.

KEFI Gold and Copper has announced changes to its board as the company prepares for the next stage of development of the Tulu Kapi Gold Project in Ethiopia.

Ethiopia has reached a preliminary agreement with key bondholders to restructure its defaulted USD 1 billion international bond, marking a step toward resolving the country’s external debt challenges.