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Prime Minister Abiy Ahmed announced today that the Grand Ethiopian Renaissance Dam (GERD) has been completed and will be officially inaugurated this September. Speaking during the 42nd regular session of the House of Peoples’ Representatives, he stressed that “nothing can prevent the inauguration,” despite external pressures.

Prime Minister Abiy Ahmed announced that Ethiopia will begin producing and exporting gas to the global market next year, following the completion of gas transmission infrastructure in the Somali Region. Speaking before the House of People’s Representatives, he confirmed that gas sales are expected to start early next year.

Awash Bank has announced a record unadjusted profit before tax of Birr 22 billion for the fiscal year ending July 7, marking a 113 percent increase, equivalent to Birr 12 billion birr, compared to the previous year.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 02 July 2025.

The Southwestern Ethiopian Peoples’ Regional State has delivered 150 kilograms of gold to the National Bank of Ethiopia during the current fiscal year, falling short of its initial target.

The House of Peoples’ Representatives has passed a new proclamation permitting foreign nationals to own immovable property in Ethiopia. The decision aims to encourage investment in the country’s real estate sector while safeguarding national interests.

Ethiopia’s Ministry of Finance has finalized a Memorandum of Understanding (MoU) with its Official Creditor Committee (OCC), formalizing a debt treatment agreement first reached in principle in March 2025. The deal grants Ethiopia over USD 3.5 billion in debt relief, marking a step toward restoring long-term public debt sustainability after years of negotiations.

Here is the daily commodity trade data from Ethiopia Commodity Exchange (ECX) for items traded on 01 July 2025.

The Ministry of Revenues has announced that it has collected more than Birr 815 billion in the first 11 months of the current fiscal year, according to a performance report presented to the Standing Committee on Planning, Budget and Finance of the House of Peoples’ Representatives.

Arba Minch City has earned Birr 16.7 million in tourism revenue so far this Ethiopian fiscal year, marking an increase of Birr 7 million compared to the same period last year, according to Mesfin Menza (PhD), the mayor of the city.