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Data Mining Firms Lead EEP to Record $476 Million Forex Revenue

Business

AUG 3, 2026·2 MIN READ

Data Mining Firms Lead EEP to Record $476 Million Forex Revenue

Ethiopian Electric Power (EEP) reported a record $475.7 million in foreign exchange earnings for the 2025/26 fiscal year, largely driven by electricity sales to data mining companies.

Business

AUG 3, 2026·2 MIN READ

Tsedey Bank Reports ETB 4.3 Billion Profit Following Strategic Reforms

Tsedey Bank has significantly improved its financial standing, reporting a pre-tax profit of ETB 4.3 billion and a sharp reduction in its non-performing loan ratio to 6.4% for the 2025/26 fiscal year.

Business

JUL 31, 2026·2 MIN READ

Ethiopian Shipping and Logistics Posts ETB 28.2 Billion Profit for FY2025/26

State-owned Ethiopian Shipping and Logistics exceeded its annual revenue target, recording ETB 157.2 billion in revenue and a pre-tax profit of ETB 28.2 billion for the 2025/26 fiscal year.

Business

JUL 29, 2026·2 MIN READ

Development Bank of Ethiopia Secures €31 Million for MSME Lending in Conflict-Affected Regions

The Development Bank of Ethiopia is launching a €31 million concessional loan facility, funded by the EU and KfW, to support small businesses in Afar, Amhara, and Tigray.

Business

JUL 29, 2026·2 MIN READ

Ethiopian Airlines Reports $9.1 Billion Revenue Amid Fleet Expansion and Global Network Growth

Ethiopian Airlines Group achieved $9.1 billion in revenue during the 2025/26 fiscal year, driven by a 10% increase in passenger traffic and 16% growth in cargo volumes despite rising fuel costs and regional geopolitical challenges.

BusinessJUL 29, 2026

Ethiopian Capital Market Authority Approves Nib Insurance Share Registration

BusinessJUL 29, 2026

Nib International Bank Returns to Profitability with 4.2 Billion Birr Earnings

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Latest News

Business2 MIN READ

Data Mining Firms Lead EEP to Record $476 Million Forex Revenue

Ethiopian Electric Power (EEP) reported a record $475.7 million in foreign exchange earnings for the 2025/26 fiscal year, largely driven by electricity sales to data mining companies.

Aksion Editorial TeamAUG 3, 2026

Business2 MIN READ

Tsedey Bank Reports ETB 4.3 Billion Profit Following Strategic Reforms

Aksion Editorial TeamAUG 3, 2026

Business2 MIN READ

Ethiopian Shipping and Logistics Posts ETB 28.2 Billion Profit for FY2025/26

State-owned Ethiopian Shipping and Logistics exceeded its annual revenue target, recording ETB 157.2 billion in revenue and a pre-tax profit of ETB 28.2 billion for the 2025/26 fiscal year.

Aksion Editorial TeamJUL 31, 2026

Business2 MIN READ

Development Bank of Ethiopia Secures €31 Million for MSME Lending in Conflict-Affected Regions

The Development Bank of Ethiopia is launching a €31 million concessional loan facility, funded by the EU and KfW, to support small businesses in Afar, Amhara, and Tigray.

Aksion Editorial TeamJUL 29, 2026

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