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BusinessSafaricom Ethiopia Telecommunications PLC delivered one of its strongest performances yet in the 2025/26 financial year, posting rapid customer growth, surging revenues, and sharply narrowing losses as the telecom operator moves closer to a profitability inflection point. The company’s revenue rose 58.3 percent year-on-year to KShs 14.1 billion, underscoring the pace at which the business
Capital MarketAt sunrise in rural Ethiopia, millions of farmers step onto their land, the same land that feeds the country, fuels its exports, and anchors its economy. Agriculture is not just a sector here; it is the system. And yet, behind this familiar image lies a less visible reality: the very sector that sustains Ethiopia is
Capital MarketOn a Friday morning in January 2025, Prime Minister Abiy Ahmed walked onto a trading floor in Addis Ababa and rang a bell. There were no traders shouting on the floor. There was no opening tick of a long-running ticker. There was, in fact, only one company listed, Wegagen Bank and the screens behind him
Capital MarketThe Ethiopian Capital Market Authority (ECMA) has issued a public warning against Byra Share Company for illegally offering shares without regulatory approval, urging investors to avoid engaging in unauthorized securities transactions. In its statement, the Authority revealed that Byra Share Company had been promoting the sale of shares under the slogans “I am establishing a
Banking & FinanceEthiopian Securities Exchange (ESX) has officially listed Awash Bank S.C. on its main market, marking a significant milestone in the development of Ethiopia’s capital markets. The listing was inaugurated with a bell-ringing ceremony at the exchange’s trading floor, positioning Awash Bank among the first financial institutions to debut on the platform. Awash Bank, the largest
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Banking & FinanceThe Ethiopian Capital Market Authority (ECMA) said it has approved the registration of securities for Zemen Bank S.C., marking another step in the country’s evolving capital market framework. The regulator confirmed that, as of April 21, it has registered 15 million shares already held by the bank’s existing shareholders. The move is in line with
Capital MarketEthiopia’s capital market regulator has granted an investment banking license to Prime Capital S.C., in the latest step toward building the country’s nascent securities market. The Ethiopian Capital Market Authority (ECMA) said on Tuesday it had issued a Capital Market Service Provider (CMSP) license to the firm under the non-banking investment banking category, bringing the
Capital MarketEthiopia’s pension funds are approaching a pivotal shift, but this time the story is more nuanced than simply “low returns versus high inflation.” The numbers themselves are changing and so is the strategy. For years, institutions like the Private Organization Employees’ Social Security Administration (POESSA) operated in a system where government securities offered relatively low
Capital MarketEthiopian Capital Market Authority has officially approved the registration of securities for Awash Bank S.C., marking another step forward in the development of Ethiopia’s emerging capital market. In a public notice issued on March 16, 2026, the Authority confirmed that it has reviewed and approved Awash Bank’s Registration Statement in accordance with the Public Offer
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Capital MarketThe Ethiopian Securities Exchange (ESX) has unveiled “Neway”, its first web and mobile trading application designed to make investing in Ethiopia’s capital market more accessible to individuals across the country. Announced in Addis Ababa, the platform represents a major step in the digital development of Ethiopia’s emerging securities market, enabling investors to open trading accounts,
Capital MarketIn modern financial systems, some of the most important changes happen far from public attention. They occur not on trading floors or stock exchanges, but in the quiet, technical infrastructure that keeps money moving between institutions. In Ethiopia, one such system has been expanding rapidly. The country’s interbank money market has now surpassed 2 trillion
Capital MarketThe Ethiopian Capital Market Authority (ECMA) has appointed Ms. Rahel Kassa as its new Deputy Director General. Ms. Rahel brings extensive experience in legal policy, institutional reform, and public sector leadership. She most recently served as Legal and Policy Advisor and Gender Equity & Inclusion Lead at the National ID Program of Ethiopia (Fayda). Prior
