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Banking & FinanceDashen Bank has entered into a new partnership with the International Finance Corporation (IFC) to expand access to finance for small and medium-sized enterprises (SMEs) in Ethiopia, with a strong focus on agribusinesses and women-led enterprises. Under the agreement, IFC will provide a $10 million unfunded risk-sharing facility, enabling Dashen Bank to extend up to
Banking & FinanceThe National Bank of Ethiopia (NBE) has announced the appointment of two senior executives to strengthen its leadership team amid an ongoing period of financial sector reform. Wro. Weynshet Zeberga has been appointed Chief Markets & Operations Officer, while Ato. Robel Tesfaye will serve as the bank’s new Chief Technology Officer, the central bank confirmed
Banking & FinanceThe Government of Ethiopia and the African Development Bank (AfDB) have signed a USD 71.9 million financing agreement to strengthen climate resilience and food security efforts across vulnerable communities. The agreement, signed at the Ministry of Finance, will support the Ethiopian component of the Building Resilience for Food and Livelihoods (BREFOL) program. The AfDB is
Banking & FinanceEthiopia and France have signed a landmark debt restructuring agreement and a new €81.5 million financing package, deepening bilateral ties and reinforcing support for Ethiopia’s ongoing macroeconomic reforms. The agreements were formalized in Addis Ababa by Ethiopia’s Minister of Finance Ahmed Shide and France’s Minister Delegate for Europe and Foreign Affairs, Eléonore Caroit. In a
Banking & FinanceThe National Bank of Ethiopia (NBE) has unveiled sweeping amendments to the country’s foreign exchange framework, introducing forward exchange trading, granting full foreign currency retention for service exporters, and significantly reducing administrative approval requirements in what marks one of the most consequential steps in Ethiopia’s ongoing FX reform. Under Directive No. FXD/04/2026, banks are now
Banking & FinanceTsedey Bank has officially appointed Yohannes Ayalew (PhD) as its new president, marking a major leadership change for the fast-growing commercial bank. Yohannes previously served as Chief Executive Officer of Amhara Bank S.C., where he led a major restructuring program. Under his leadership, the bank moved from losses to a pre-tax profit of 655 million
Banking & FinanceAwash Bank has quietly crossed a milestone that says more about Ethiopia’s financial future than any ribbon-cutting ceremony ever could. Over the past six months, transactions processed through the bank’s digital payment platforms exceeded ETB 1 trillion, a signal that electronic payments are no longer peripheral—they’re becoming core infrastructure. The announcement came as Awash launched
AWAB-0.25%Banking & FinanceThe National Bank of Ethiopia (NBE) has announced the results of its 17th Foreign Exchange Auction, with the market clearing at a marginal rate of 155.05 birr per US dollar, marking a modest depreciation from the 154.82 birr per US dollar recorded in the previous auction. The central bank allotted USD 70 million out of
Banking & FinanceThe Ethiopian Capital Market Authority (ECMA) has officially approved and registered the securities of Addis International Convention Center S.C., a key development in Ethiopia’s growing capital market ecosystem. This registration ensures compliance with the Public Offer and Trading of Securities Directive No. 1030/2024, supporting the expansion of Ethiopia’s stock market and securities trading framework. Under
Banking & FinanceThe Ethiopian Capital Market Authority (ECMA) has approved and registered the securities of Bank of Abyssinia S.C., marking an important step in aligning the bank with Ethiopia’s emerging capital market regulatory framework. In a public notice issued pursuant to Articles 4 and 29 of the Public Offer and Trading of Securities Directive No. 1030/2024, the
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Banking & FinanceThe National Bank of Ethiopia (NBE) has officially launched the country’s first Automated Interbank Foreign Exchange (FX) Market, marking a major step toward modernizing Ethiopia’s financial system. The new market operates through the Ethiopian Securities Exchange (ESX) using an advanced electronic trading platform. For the first time, commercial banks can trade foreign currency with each
Banking & FinanceBank of Abyssinia (BoA) has crossed a major funding milestone, with total deposits reported to have exceeded 300 billion birr, according to recent market data. The development reflects a sharp increase in deposits during the first half of the 2025/26 fiscal year and signals continued growth in customer balances. At the close of the 2024/25
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