Section front
Latest reporting, briefings and public-interest updates from the business desk.
Brent crude rose above $100 a barrel on 23 July 2026 for the first time in two months as renewed Middle East fighting and reported Houthi attacks on Saudi tankers raised fears of deeper supply disruption.
Ethiopia’s Industrial Parks Development Corporation says service revenue rose 42 percent in the past fiscal year as firms in its parks expanded exports and domestic sales.
Ethiopian and U.S. officials met in Addis Ababa on July 23 to discuss market access, commercial diplomacy and operating conditions for American companies in Ethiopia.
The African Development Fund has approved a $9.3 million grant aimed at improving climate resilience, water security and food production in vulnerable communities in Ethiopia and South Sudan.
Ethio Telecom says it generated 215.8 billion birr in revenue in the 2025/26 fiscal year, while its subscriber base reached 90.1 million and cumulative Telebirr transactions exceeded 9.13 trillion birr.
Benchmark oil prices rose above $95 a barrel on July 22 as conflict involving the United States and Iran and Houthi threats near a second major shipping route raised supply concerns.
Officials and experts meeting in Addis Ababa called for stronger Africa–Gulf cooperation to support investment, inclusive growth and economic transformation.
