Wegagen Bank has taken a pioneering step in the emerging capital market, releasing a prospectus for listing and registering its shares on the nascent Ethiopian Securities Exchange (ESX). The Bank, which has registered 6.2 million shares at a par valu...
Mar 2 , 2025
Central Bank regulators would merge commercial banks' reserve and payment accounts, a departure that will grant lenders greater flexibility in handling daily cash obligations. The National Bank of...
Mar 2 , 2025
Monetary authorities moved to show their firepower last week, floating a special foreign exchange auction on February 25, 2025, offering 60 million dollars to commercial banks. “The auction follo...
Mar 2 , 2025
Bunna Bank, in its 15th year of operation, has posted noteworthy gains in deposits and total assets in the 2023/24 financial year while revealing mounting challenges in profitability, an outcome that...
Feb 23 , 2025
In advanced negotiations with Toppan Gravity Ethiopia, the Ministry of Finance is nearing the launch...
Mar 2 , 2025
Executives of Purpose Black ETH Trading S.C. appeared before the Federal High Court Lideta Criminal...
Mar 2 , 2025
Officials at the Ministry of Water & Energy (MoWE) are proposing major land use changes near riv...
Mar 2 , 2025
Masresha Alebel, 37, hoped to improve his family's circumstances by seeking employment in Romania. He encountered a company that presented an opportunity he found appealing. The initial connection occurred through a social media advertisement that...
Mar 2 , 2025
The domestic economy has endured a punishing half-decade. A global pandemic throttled trade, a civil war inflicted grave damage to livelihoods and external financing, and persistent unrest in two of its largest regional states continues to sow misery...
Mar 2 , 2025
Charged with transforming colossal state-owned enterprises into modern and competitive powerhouses, the sovereign wealth manager, Ethiopian Investment Holdings (EIH), is at a defining moment. At the helm is Brook Taye (PhD), its third CEO since its founding in 2020, whose vision departs from convent...
Dec 22 , 2024
The penetration of mobile accounts, in percentage, in 2024, was a much lower rate compared to countries like Kenya (with M-Pesa) that exceed 70pc. Ethiopia's banked population through traditional financial institutions was 22pc of the population.
Mar 1 , 2025
Leaders of the National Election Board are in a charm offensive mood, of a sort. Last week, they organised a rare tour for members of the media, showcasing what polling stations will look like during the upcoming national elections; and they took the...
Oct 3 , 2020
In a spirited opinion piece Al Jazeera posted, former President Mulatu Teshome (PhD) accused Eritrea's President Isaias Afewerki of fueling conflict in the Horn of Africa. Mulatu blamed Isaias for stirring tensions once again, even after the Pretoria Peace Agreement ended the two-year civil war, in which Eritrean forces participated as allies to the Ethiopian National Defence Forces.
Sometimes, the unexpected happens when daily routine is disrupted for no clear reason. That was my experience one morning in February 2025. I had gone to bed late, as I often do when somethi...
Mar 2 , 2025
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