Empower Ethiopian Diaspora Potential

🌍 Build a Global Ethiopian Business Ecosystem

💡Transform Social Media Ideas into Real Businesses

🏗️ Lead Real Estate Investment Initiatives

💰Establish a Diaspora Investment Fund

🌾 Drive Modern Agriculture Investments

🤝 Create Strategic Partnershipss

📚 Provide Training & Mentorship

🚀 Launch and Support Startups

🗳️ Build Transparent, Elected Governance

🌐 Influence Economic Development

Business News & Information

(Weekly updated Business News & Information for the Ethiopian Diaspora )

Here is a comprehensive business news brief covering the key highlights from June 1 to June 15, 2026, directly sourced from recent reporting by The Reporter Ethiopia.

The first half of June 2026 has brought transformative shifts across Ethiopia's economic landscape. Major news revolves around a historic record-setting federal budget, critical updates on private sovereign debt, sweeping logistics sector openings, and strategic multinational investments.

Here are the key headlines every diaspora investor and entrepreneur needs to know:

🌍Business woman of the Year

Rekik Bekele is a transformative leader in Ethiopia’s renewable energy sector, and featuring her as the "Business Woman of the Year" on the Ethiopian Diaspora Business Network (EDBN) website would highlight a powerful example of local innovation and social impact.

Business Woman of the Year:

Rekik Bekele

Founder & CEO, Green Scene Energy PLC

A Vision for an Empowered Ethiopia

Rekik Bekele is an electrical engineer and a pioneering entrepreneur dedicated to solving one of Ethiopia’s most pressing challenges: energy access. As the Founder and CEO of Green Scene Energy PLC, Rekik has bridged the gap between advanced technology and rural necessity, bringing light and opportunity to thousands of households across the nation.

Key Achievements & Impact

Pioneering Solar Energy: Since establishing Green Scene Energy in 2016, Rekik has spearheaded the distribution of solar home systems and renewable energy solutions to over 100 off-grid communities.
Transforming Lives: Her work has directly impacted more than 42,000 lives, providing reliable lighting to schools, clinics, and families. Her passion was sparked early in her career when she witnessed the critical importance of electricity for maternal health and emergency medical care in remote areas.
Award-Winning Leadership: In recognition of her significant contributions to the private sector and her role as a trailblazer for women in engineering, Rekik was honored with the Influential Women in Energy Award in 2021.
Advocacy and Mentorship: Beyond her business success, Rekik is a dedicated mentor who frequently speaks at universities and vocational schools (TVETs), inspiring the next generation of female entrepreneurs to pursue careers in STEM and renewable energy.

Why She Represents the EDBN Spirit

Rekik Bekele embodies the resilience and forward-thinking nature of Ethiopian business leaders. By combining technical expertise with a profound commitment to community-managed sustainability, she has built a scalable business model that serves as a blueprint for development. Her recognition as "Business Woman of the Year" celebrates her role in driving economic growth and improving the quality of life for all Ethiopians through innovation.

Bank Lending Process and 7 Fundamental Credit Criteria

The lending policies and guidelines of banks vary from institution to institution; consequently, the lending process also differs to some extent. However, from the moment a bank receives a loan application until it approves the requested amount, there are common fundamental prerequisites and criteria that must be met. Understanding these criteria and fulfilling the necessary conditions helps prevent loan rejections and increases the chances of securing the full requested amount. Furthermore, being prepared saves time and energy for both the lender and the client by avoiding repeated back-and-forth due to missing documents.