Ethiopian Airlines Group has reported $9.1 billion in revenue for the 2025/2026 fiscal year, as the airline recorded growth in passenger numbers, flight operations, and cargo transportation. The performance report was presented today by Ethiopian Airlines Group CEO Ato Mesfin Tasew, who described the fiscal year as a successful period despite challenges affecting global aviation.
Operator posts record revenue and strong network expansion, though subscriber, device and infrastructure targets fell short while financial disclosures remain limited. Ethio Telecom reported ETB 215.82 billion in revenue for the 2025/26 financial year, marking a 33.2% year-on-year increase and achieving 99.7% of its annual revenue target, according to the state-owned operator’s latest annual performance
The Ethiopian Lottery Service (ELS) has warned the public that no sports betting operator is currently licensed to operate in Ethiopia, urging citizens not to deposit money or place bets through websites, mobile applications, agents, or social media pages advertising betting services. In a statement issued this week, the regulator said the warning follows the
Meftihe Microfinance S.C., MZ Tech, and Arifpay Financial Technologies S.C. have officially launched Kisse, a new agent-powered digital lending platform designed to improve access to finance for Ethiopia’s micro and small businesses through a relationship-based lending model. The platform brings together the three organizations in a partnership where Meftihe Microfinance serves as the licensed lender,
ZamZam Bank S.C. has surpassed ETB 1 billion in digital Sharia-compliant financing through its Ansar platform, reaching more than 10,000 micro, small, and medium-sized enterprises (MSMEs) across Ethiopia. The milestone comes through the bank’s partnership with Kifiya, whose AI-powered decisioning and Sharia-compliant financing infrastructure supports the digital financing platform. According to the institutions, Ansar has
Ethiopia attracted $4.32 billion in Foreign Direct Investment (FDI) during the 2018 Ethiopian Fiscal Year (FY 2025/26), marking an 8% increase compared to the previous fiscal year, according to the Ethiopian Investment Commission (EIC). The figures were presented during the Commission’s annual performance evaluation meeting, where EIC Commissioner Dr. Zeleke Temesgen reviewed the institution’s achievements
EthSwitch, Ethiopia’s national payment switch, has reported a gross profit before tax of ETB 2.6 billion for the 2025/26 fiscal year, reflecting continued growth in the country’s interoperable digital payments ecosystem. According to the company, it processed 387 million interoperable transactions during the financial year, with a combined value of ETB 1.26 trillion across its
Ethiopia’s House of People’s Representatives has approved a 2.34 trillion birr federal budget for the 2019 Ethiopian fiscal year (2026/27), following a majority vote in Parliament. The budget was endorsed after the Standing Committee on Planning, Budget and Finance Affairs presented its recommendations, stating that the spending plan reflects the country’s fiscal capacity and aligns
Vodacom Group has completed its acquisition of an additional 20% effective stake in Safaricom, increasing its ownership to approximately 55% and giving it majority control of one of Africa’s largest telecommunications and fintech companies. The transaction, valued at $2.1 billion (R35 billion), was finalized after Kenya’s Court of Appeal stayed a conservatory order on June
Ethiopia has set an ambitious target to double its annual coffee export earnings to $6 billion by 2031 after generating a record $3 billion from coffee exports during the 2025/26 fiscal year, prompting the government to launch a comprehensive five-year national coffee development package aimed at transforming the sector. The announcement was made during a
The African Finance Corporation (AFC) has committed $600 million to support the Dangote Group’s ambitious $7 billion expansion program aimed at boosting fertilizer production across Africa and strengthening the continent’s food security. Announced in Addis Ababa, the financing will be directed through Greenview Fertilizer Corporation, Dangote Group’s fertilizer holding company. The investment is expected to
The Commercial Bank of Ethiopia (CBE) and the Ethiopian Insurance Corporation (EIC) have entered into a strengthened partnership agreement aimed at deepening collaboration between banking and insurance services and expanding financial access across Ethiopia. The agreement was signed at CBE headquarters by Dr. Eskinder Asfaw, Vice President of Wholesale Banking at CBE, and Ato Abel
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