Monday Breakfast Stories and more from the StockMarket.et desk.
Pour the buna. This week’s number is 4 trillion. That is how many birr have now changed hands on Ethiopia’s Interbank Money Market since it opened in October 2024. The jump from 3 trillion to 4 trillion took about four months, the fastest single-trillion increase the market has recorded. The rest of the week moved
Pour the buna. This week’s number is 100. That is the maximum number of Ethiopian investors who can buy into Africa’s largest-ever IPO, under the notice the Ethiopian Capital Market Authority issued on Tuesday. The Dangote Petroleum Refinery offer is open in Addis Ababa until October 23, at ETB 74.90 a share, but only to
Pour the buna. This week’s number is 22. That is how many federal ministries Ethiopia’s new Council of Ministers will run, after the House of Peoples’ Representatives approved Prime Minister Abiy Ahmed’s cabinet on Wednesday. Nine of the 22 ministers are women, including three of the four who sit at the centre of fiscal and
Pour the buna. This week’s number is eight. That is how many companies the Ethiopian Capital Market Authority registered shares for on a single day, Tuesday, September 30: six banks, two insurers and, for the first time in a while, a petroleum company. Together that is roughly 243 million shares brought inside the regulator’s fence
Good morning! Pour the buna. This week’s number is 660 million. That is how many dollars Ethiopia, Djibouti and Aliko Dangote say they will spend on a fuel pipeline and storage link between the port and the highlands. The foundation stone went down on Thursday. Hold that thought, because the whole week was about pipes.
Good morning! Pour the buna. This week’s number is 21. That is how many years Sheraton Addis went without a profit, according to MIDROC’s chief executive. Hold that thought. Dangote opened his refinery to anyone with 10 shares’ worth of naira. The ESX cleared 11 companies to go public. And Wegagen, our first listed company,
Good morning, and melkam addis amet. Here is the week in one number. On Wednesday the National Bank of Ethiopia put USD 125 million in front of the commercial banks. The banks asked for 120. Four weeks earlier, at the 25th auction, those same banks bid USD 470.17 million for USD 125 million and nineteen
Good morning! Two numbers frame this week, and they are almost the same size. The first is 126.9 billion birr. That is what Ethio telecom’s plan puts on the table for the 2026/27 fiscal year: 83.8 billion in direct and indirect taxes, and 43.1 billion in dividends. The tax goes to the treasury. The dividend
Good morning! Somebody has to go without. That is the sentence underneath almost every story this week. The state power producer looked at the water coming into its dams, decided a dry period was on the way, and cut its single largest revenue-generating customer by 75 percent before the shortage arrived. The central bank sold
Good morning! There is a number under almost every story this week, and it is a price. The central bank sold half a billion dollars in a single sitting to pull the birr back from a record low, and the market read the size, not the signal. Inflation answered with 15.3 percent. Official creditors blessed
Good morning! Here is the week in one number. Ten companies paid 254.44 billion birr in tax last fiscal year. That is 48.71 percent of everything Ethiopia’s Large Taxpayers Branch Office collected, from ten names out of 746 on its books. Ethio Telecom alone paid more than every bank and insurance company in the country
Good morning! The Ethiopian Securities Exchange changed chief executives on Friday. Tilahun Esmael Kassahun (PhD), who carried the exchange from a project office in 2022 to a working securities market in January 2025, is out. Yodit Kassa, who joined in late 2023 and worked her way from Chief Business Development Officer to Chief Operating Officer,
Monday Breakfast Stories lands every week — the capital market, banking, and startup news that moved.
