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Capital MarketFor fifty years, Ethiopia had no stock exchange. In 1974, private finance was nationalized. Banks became state instruments. Capital allocation was administrative. If you wanted funding, you went to a bank. If the bank didn’t lend, you didn’t grow. That was the system. Then, quietly at first, the architecture began to change. The creation of
Deep Dive“Why do some Ethiopians earn 20 times more than others in the same city?” That question feels like an accusation and a confession all at once. Walk down any main street in Addis Ababa and you’ll see it: shiny cafés and new office towers standing beside neighborhoods where a day’s wages pays for a single
EconomyEthiopia is on track to see its poverty rate rise to 43% next year, reversing hard-won gains made over the past two decades, as conflict, drought and surging inflation strain living standards, according to newly released projections. Poverty, measured at the $3 per day international line (2021 PPP), climbed from 33% in 2016 to 39%
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.
Banking & FinanceIn a historic move to transform the country’s agricultural financing landscape, Ethiopia has officially launched the National Agri-Finance Implementation Roadmap (NAFIR) 2025–2030. The roadmap, a joint initiative by the National Bank of Ethiopia (NBE) and the Ministry of Agriculture (MoA), is set to unlock access to credit for smallholder farmers and strengthen financial inclusion in
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,
Banking & FinanceThe National Bank of Ethiopia (NBE) has introduced a new directive aimed at providing emergency liquidity assistance (ELA) to banks facing temporary liquidity shortages. This directive, titled Emergency Liquidity Assistance Directive No NBE/ELA/001/2024, is designed to ensure the stability of the Ethiopian banking system by mitigating risks associated with unexpected liquidity challenges. The ELA is
