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Grand Ethiopian Renaissance Dam Increases Fish Production in Benishangul Gumuz

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Published on 22 August 2025
Category: Latest Business Alerts

GERD Ethiopia

The Benishangul Gumuz region has seen an increase in fish production, with the Grand Ethiopian Renaissance Dam (GERD) Lake emerging as a primary source for the burgeoning industry. The Regional Agriculture Bureau reported that in the 2024/25 fiscal year, fish production surpassed Birr 5,895 tons, with over 95 percent of the yield harvested directly from the dam's waters.

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Ethiopia Commodity Exchange (ECX) Daily Trade Data – 21 August 2025

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Published on 22 August 2025
Category: Capital Market and Commodity Exchange

ECX LogoHere is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 21 August 2025.

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Ethiopia: KCB in Talks to Enter Ethiopia’s Financial Market Through Acquisition

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Published on 21 August 2025
Category: Banking and Finance

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Kenya Commercial Bank (KCB) is in negotiations with the National Bank of Ethiopia to acquire a stake in a local financial institution, CEO Paul Russo has confirmed. The move comes as Ethiopia gradually opens its banking sector to foreign players.

KCB is exploring entry through acquisition while considering an application for exemption from Ethiopia’s foreign ownership rules, which currently cap foreign shareholding at 49%. The bank is still searching for a local partner before formally approaching regulators.

Ethiopia began allowing foreign investors to apply for banking licenses in June 2025, a landmark reform that could reshape its financial landscape.

For KCB, expansion into Ethiopia aligns with its regional growth strategy. Subsidiaries outside Kenya contributed 36.6% of group profit after tax and 34% of total assets in the nine months to September 2024, compared to less than 5% a decade earlier. The bank reported an 8% rise in net profit in the first half of 2025, reaching USD 250 million.

Analysts say KCB’s entry could position it as a benchmark for Ethiopian banks preparing for the upcoming Ethiopian Securities Exchange.

Source: The Ethiopian Herald

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Ethiopian Investment Holdings Reports Strong Portfolio Growth Amid Sectoral Challenges

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Published on 21 August 2025
Category: Latest Business Alerts

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Ethiopian Investment Holdings (EIH) has reported robust performance across its portfolio during the past fiscal year, driven by growth in energy, engineering, hospitality, logistics, and sugar production.

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Ethiopia Commodity Exchange (ECX) Daily Trade Data – 20 August 2025

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Published on 21 August 2025
Category: Capital Market and Commodity Exchange

ECX LogoHere is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 20 August 2025.

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Ethiopia Targets USD 8 Billion in Remittances for 2025/26

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Published on 20 August 2025
Category: Banking and Finance

Remittance Ethiopia

The Ethiopian government has set a target of USD 8 billion in remittances from its diaspora community during the 2025/26 fiscal year, building on efforts to expand remittance channels and strengthen economic diplomacy.

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Ethiopia Attracts USD 4 Billion in FDI During 2024/25 Fiscal Year

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Published on 20 August 2025
Category: Latest Business Alerts

EIC LOGO 1

The Ethiopian Investment Commission (EIC) announced that Ethiopia secured USD 4 billion in foreign direct investment (FDI) during the 2024/25 fiscal year, marking a 2.2 percent increase compared to 2023/24. The Commission also reported issuing the highest number of investment licenses in its history.

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Ethiopia Commodity Exchange (ECX) Daily Trade Data – 19 August 2025

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Published on 20 August 2025
Category: Capital Market and Commodity Exchange

ECX LogoHere is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 19 August 2025.

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Ethiopia: EEU to Expand Rural Electrification in 2025/26

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Published on 19 August 2025
Category: Energy and Mining

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The Ethiopian Electric Utility (EEU) has announced plans to connect 154 rural localities to electricity, through both grid and off-grid systems, during the 2025/26 fiscal year.

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Ethiopia: CBE Releases Over USD 1.3 Billion in Foreign Exchange Since July

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Published on 19 August 2025
Category: Banking and Finance

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The Commercial Bank of Ethiopia (CBE), the country’s largest commercial bank, has confirmed that it has released more than USD 1.3 billion in foreign exchange since July 1, 2025.

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