Ethiopian Airlines Group has reported $9.1 billion in revenue for the 2025/2026 fiscal year, as the airline recorded growth in passenger numbers, flight operations, and cargo transportation. The performance report was presented today by Ethiopian Airlines Group CEO Ato Mesfin Tasew, who described the fiscal year as a successful period despite challenges affecting global aviation.
The Ethiopian Capital Market Authority (ECMA) has approved the registration of securities of Nib Insurance S.C., marking another step in the development of Ethiopia’s capital market. According to a notice issued by ECMA, the Authority approved the company’s Registration Statement on July 28, 2026, and registered a total of 2,818,305 shares. The registered securities include
Zemen Bank has reported a strong financial performance for the 2025/26 Ethiopian fiscal year, recording a profit of 10.2 billion birr and growing its total assets to 116 billion birr. The figures were disclosed during the bank’s annual management meeting held from July 17 to 18 in Addis Ababa, where the institution reviewed its performance,
Bank of Abyssinia (BOA) has officially been listed on the Ethiopian Securities Exchange (ESX) Main Market, becoming one of Ethiopia’s pioneering publicly listed companies and marking another milestone in the country’s developing capital market. The listing was celebrated with a ceremonial bell-ringing event at the Ethiopian Securities Exchange, attended by representatives from the Government of
The Ethiopian Capital Market Authority (ECMA) has registered an additional 3,876,031 existing shares of Wegagen Bank S.C., lifting the lender’s total registered securities to 10,094,666. In a public notice, the Authority said it approved Wegagen’s Registration Statement on July 24, 2026, adding the new tranche to the 6,218,635 shares the bank had previously registered and
Ethio Telecom shares are trading at 900 birr on Monday, up 5.63% on the day and three times the 300 birr price at which the government sold them to the public less than two years ago. For a stock that has traded on the Ethiopian Securities Exchange (ESX) for barely six weeks, TELE has already
Ethiopian Airlines has announced the cancellation of several flights to and from the Middle East due to the current security situation in the region. According to the airline, flights to Amman, Tel Aviv, Dammam, and Beirut have been suspended until further notice. The decision comes as the carrier actively monitors developments to ensure the safety
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