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Tsedey Bank, Eagle Lion Team Up to Digitize Ethiopia’s Agricultural Input Distribution

Tsedey Bank and Eagle Lion System Technology Group have signed a joint venture agreement aimed at modernizing the distribution of agricultural inputs through digital technology. The agreement was signed on August 18, 2018, at Tsedey Bank’s headquarters, marking a new collaboration focused on improving efficiency, transparency, and accountability in the agricultural input distribution system. Tsedey

StockMarket.et26 Aug 2026

Business

Ethiopia Eyes Stake in Dangote’s Planned $17 Billion Kenya Refinery

Ethiopia is among several East African countries considering an equity investment in Nigerian billionaire Aliko Dangote’s proposed oil refinery in Lamu, Kenya, according to Bloomberg. Dangote Group has offered East African countries a combined 30% stake in the planned refinery. Kenya is expected to seek a 10% share valued at about $500 million, while Ethiopia

StockMarket.et23 Aug 2026

Economy

Ethiopia’s Inflation Accelerates to 15.3% in July, Highest Since January 2025

Ethiopia’s annual inflation rate accelerated to 15.3% in July 2026, rising from 13.9% in June and marking the fourth consecutive month of increases. The latest reading is the highest inflation rate recorded since January 2025. Food inflation also accelerated, reaching 15.7% in July, up from 15.1% a month earlier and its highest level since January

StockMarket.et22 Aug 2026

Economy

Official Creditors Back Ethiopia’s $1 Billion Bond Restructuring, Raise Warrant Concerns

Ethiopia has moved closer to completing the restructuring of its $1 billion Eurobond after its official creditors approved a preliminary agreement between the government and private bondholders, while warning that a new warrant included in the deal could create unequal treatment among creditors. The Official Creditor Committee (OCC), co-chaired by France and China, said the

StockMarket.et22 Aug 2026

Business

Ethiopia Secures Over $340 Million in Export Deals at ‘Export to China’ Forum

Ethiopian exporters and Chinese importers have signed 33 business-to-business agreements valued at more than $340 million during the “Export to China” forum, according to the Ministry of Trade and Regional Integration. The agreements were signed at the launch of the forum, organized by the Ministry in collaboration with the Chinese Embassy in Ethiopia. The event

StockMarket.et22 Aug 2026

Capital Market

Wegagen Capital posts ETB 141m revenue, ETB 46.6m pre-tax profit in first full year

Wegagen Capital Investment Bank S.C. reported total revenue of ETB 140.99 million and profit before tax of ETB 46.58 million for the financial year ended June 30, 2026, its first full year of operations, in results presented to shareholders at Kuriftu Resort in Bishoftu. The results imply a pre-tax margin of roughly 33 percent, a

StockMarket.et21 Aug 2026

Banking & Finance

NBE Sells USD 500 Million in Special Auction as Birr Firms to 160.21 Birr/USD

The National Bank of Ethiopia (NBE) allotted USD 500 million at a Special Foreign Exchange Auction held on Thursday, clearing the market at a marginal rate of 160.2121 Birr per US dollar, 0.79 birr below the cut-off rate recorded at the regular auction eight days earlier. The intervention was four times the size of Foreign

StockMarket.et20 Aug 2026

Economy

US Judge Clears Way to End Deportation Protections for Thousands of Ethiopians

A U.S. federal judge has cleared the way for the Trump administration to end Temporary Protected Status (TPS) for more than 5,000 Ethiopians living in the United States. U.S. District Judge Brian Murphy in Boston on Tuesday lifted the remaining judicial block on the Department of Homeland Security’s decision to terminate Ethiopia’s TPS designation. The

StockMarket.et19 Aug 2026

News

Ethiopia Adopts New Cybersecurity Law as Cyberattacks Rise

Ethiopia has introduced a new cybersecurity law that gives the Information Network Security Administration (INSA) greater powers to monitor and protect important digital systems across the country. The law comes as cyberattacks on Ethiopia’s digital infrastructure continue to rise. INSA recorded 27,773 attacks in the six months to January 2026, compared with about 8,000 attacks

StockMarket.et19 Aug 2026

Business

Chinese Firms Dominate Shortlist for Ethiopia’s $12.5 Billion Mega-Airport

Chinese state-owned companies have emerged as the leading contenders for major construction contracts at Ethiopia’s $12.5 billion Bishoftu International Airport, while no major independent U.S. contractor has made the shortlist. Ethiopian Airlines completed prequalification for four major construction packages in April, attracting bidders and joint ventures from China, Europe, the Middle East, Türkiye, India and

StockMarket.et18 Aug 2026

Business

AfroMessage Reports $139.7 Million in Potential FX Expenditure Avoided Through Local SMS Infrastructure

Ethiopian messaging platform AfroMessage says it has powered more than 407.8 million A2P SMS messages for businesses and organizations across Ethiopia since April 2021, highlighting the potential foreign exchange savings generated by locally provided messaging infrastructure. According to figures shared by AfroMessage, the 407.8 million-plus messages correspond to approximately $139.7 million in potential international SMS

StockMarket.et12 Aug 2026

Banking & Finance

Amhara Bank Appoints Yihnalem Aknaw as New CEO

Amhara Bank has appointed Yihnalem Aknaw as its new Chief Executive Officer (CEO), following approval of his appointment by the National Bank of Ethiopia (NBE). The appointment comes as the bank moves forward with its new strategic plan and organizational structure, with the Board of Directors citing Aknaw’s educational background, extensive banking experience, and demonstrated

StockMarket.et11 Aug 2026