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Prime Minister Abiy Ahmed (PhD) announced that civil works on the Koisha Power Generation Project have reached 70 percent completion, marking a major milestone for one of Ethiopia’s flagship energy initiatives.

The Ministry of Finance has confirmed that negotiations with private creditors over Ethiopia’s USD 1 billion Eurobond, due in 2024, have collapsed without a deal, intensifying the country’s ongoing debt restructuring challenge under its IMF program.

The Gamo Development Association has unveiled a Birr 50 million modernization project at the historic Arba Minch Crocodile Ranch, the first crocodile farm in East Africa, originally established in 1983 for tourism, biodiversity conservation, research, and job creation.

Ethiopia has secured USD 110 million in financing from the European Investment Bank (EIB) to support the third phase of the Rural Financial Intermediation Program (RUFIP III), aimed at expanding access to finance in rural areas and advancing agricultural transformation.

Ethiopia’s coffee export earnings rose sharply in the first three months of the 2025/26 fiscal year, generating USD 762.75 million, a 47% increase compared to the same period of the previous fiscal year.

The Common Market for Eastern and Southern Africa (COMESA) has launched a Digital Retail Payments Platform that will allow businesses across its 21 member states, including Ethiopia, Kenya, and Egypt, to settle trade transactions directly in local currencies.

Ethiopia earned more than USD 2.48 billion in export revenue during the first quarter of the 2025/26 fiscal year, according to the Ministry of Trade and Regional Integration.

Ethiopia’s efforts to restructure its sovereign debt have hit a roadblock after negotiations with private bondholders ended without agreement, deepening uncertainty over the country’s only international bond.

Ethiopian banks have improved their positions in the 2025 Africa Business Top 100 African Banks Report, showing steady progress in the country’s financial sector. Six Ethiopian banks are included in this year’s list, up from five in 2024 and only two in 2022.

Wegagen Bank, one of Ethiopia’s leading private financial institutions, has signed a five-year growth partnership agreement with Visa Inc., a global leader in digital payments. The agreement aims to expand the bank’s international card banking services and strengthen its global payment capabilities.