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BusinessThe Ethiopian Diaspora Trust Fund (EDTF) has added four new members to its board. They bring experience in aviation, finance, construction, advocacy, and development. EDTF started in 2018. Its goal is to bring Ethiopians living abroad together to support projects at home. The fund invests in areas such as education, healthcare, technology, and agriculture. Earlier
Capital MarketAfter four years in legislative limbo and eight months of careful institution-building, Ethiopia’s first dedicated capital markets court, the Ethiopian Capital Market Administrative Tribunal (ECMAT), is finally about to hear its first cases. ECMAT arrives with a lean but serious annual budget of 87 million Br and a powerful mandate: tackle insider trading, market manipulation,
Ethiopian Investment Holdings (EIH), the country’s sovereign wealth fund, has made its first-ever international investment by acquiring a stake in Akobo Minerals AB, a Scandinavian-based Ethiopian gold producer listed on Euronext and Frankfurt Stock Exchange. Under the agreement, EIH will subscribe to 15 million new shares at USD 0.20 each, securing a 7.4% ownership stake
BusinessEthiopian businesses were living in a silent world, hiding their secrets behind closed doors. That was, and still is to some extent, the culture of doing business in Ethiopia. Many companies are family-owned, strong centralized administration is persistent, and one’s close-knit networks dictate the trajectory of the company, but now everything is about to change.
Capital MarketThe Ethiopian Securities Exchange (ESX) has officially welcomed Ethio Fidelity Securities S.C. as its latest licensed trading member, marking another pivotal milestone in Ethiopia’s capital market development. At a formal ceremony attended by H.E. Hana Tehelku, Director General of the Ethiopian Capital Market Authority (ECMA), Ethio Fidelity was awarded its trading membership certificate. The firm
Banking & FinanceOne year after launching a sweeping package of macroeconomic reforms, the National Bank of Ethiopia (NBE) says the country is on a promising path to restoring stability, boosting foreign exchange inflows, and modernizing its financial sector. The National Bank of Ethiopia marked the anniversary Tuesday by releasing a detailed review of milestones achieved so far,
Capital MarketThe latest Treasury Bills (T-bills) auction conducted by the National Bank of Ethiopia (NBE) on July 23, 2025 (Auction No. 982) revealed continued strong appetite for government securities, with total bids surpassing ETB 31.3 billion, nearly three times the ETB 11.08 billion offered. However, the distribution of bids and acceptances highlights a continued investor preference for shorter-term
Capital MarketEthio Telecom, now listed on the Ethiopian Securities Exchange, reported 162 billion birr in revenue for the 2017 Ethiopian fiscal year, achieving 99 percent of its annual performance target. The company also concluded its three-year strategic plan period with a total revenue of 331.5 billion birr, according to CEO Frehiwot Tamiru. In a wide-ranging performance briefing,
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Capital MarketIn a landmark development for Ethiopia’s capital market, Wegagen Capital Investment Bank has executed the country’s first-ever inter-broker trade involving Government Treasury Bills and listed securities on the Ethiopian Securities Exchange (ESX). The historic transaction was unveiled during the official listing ceremony of Government T-bills and the launch of securities trading operations, held on July
Capital MarketEthiopia made a historic leap in its financial sector today with the official launch of the Ethiopian Securities Exchange (ESX)—the country’s first organized securities trading platform. The inaugural trading session was marked by the public registration and secondary market trading of dematerialized government Treasury bills (T-bills). Held at the Sheraton Addis Hotel, the launch event
Banking & FinanceEthiopia’s interbank money market continues to demonstrate active liquidity exchanges among financial institutions, with a total of ETB 9.68 billion traded in the week spanning June 30 to July 4, 2025. The latest data reveals a marginal decline in weighted average interest rates, reflecting subtle shifts in the short-term funding dynamics between banks. During the
Capital MarketThe African Development Bank (AfDB) has approved a $400,000 technical assistance grant to support Ethiopia’s efforts to build a vibrant and inclusive capital market. The funding, sourced from the Capital Markets Development Trust Fund (CMDTF), will strengthen both the Ethiopian Capital Market Authority (ECMA) and the Ethiopian Securities Exchange (ESX). This grant falls under the
