2merkato

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.

Ethiopia and Italy have signed a Euro 70 million long term loan agreement to support domestic economic reform and development projects.

Ethiopian Electric Utility (EEU) has signed an ETB 3 billion rehabilitation project agreement with Alpha TND & LTD and Capital Electech to upgrade electricity infrastructure in Ambo, Nekemte, and Asosa towns.

Ethiopia has earned more than USD 117 million from animal product exports during the first 11 months of the fiscal year, according to the Ethiopian Livestock Development Institute.

Ethiopia has reached another important milestone in its effort to join the World Trade Organization, signing a Bilateral Market Access Protocol with New Zealand at the WTO headquarters in Geneva.

Ahadu Bank has secured a semi finished high rise building in the Mexico area of Addis Ababa, marking a major milestone for the young bank as it strengthens its position in Ethiopia’s banking sector.

Ethiopia’s goods exports to China have recorded strong growth over the past five years, with export revenue increasing by an average annual rate of 67.09%, according to the Ministry of Trade and Regional Integration.