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Capital MarketWegagen Capital Investment Bank has boosted its paid-up capital to 1 billion birr, more than doubling its initial 385 million birr, the lender said at its inaugural shareholders’ meeting on Monday. The assembly, held at Kuriftu Hotel & Resorts’ African Village venue, marked the first annual gathering since the institution became the country’s first private
Banking & FinanceKEFI Gold and Copper Plc said its Tulu Kapi Gold Project in western Ethiopia remains on track to enter full development in October 2025, as a US$340 million financing package nears final commitment. The London-listed company said board approvals for a US$240 million debt facility from two co-lenders have been secured, with formal signing expected
Banking & FinanceThe Ethiopian Commodity Exchange (ECX) has fully implemented an online trading system, allowing market participants to trade agricultural commodities remotely for the first time, officials said. The digital platform, introduced in April, enables traders to buy and sell from any location without physical contact. ECX says the system is designed to improve efficiency, transparency, and
Banking & FinanceEthiopia’s interbank money market has surpassed 1 trillion birr (ETB) in total transaction volume less than a year after its launch, marking a major step in efforts to modernize the country’s tightly controlled financial system. The platform, launched in October 2024 and operated by the Ethiopian Securities Exchange (ESX), allows commercial banks to borrow and
Capital MarketThe Ethiopian Securities Exchange (ESX) has announced the appointment of its new Board of Directors, a move that underscores the country’s commitment to building a transparent and inclusive capital market. Dr. Brook Taye, a key figure in Ethiopia’s financial sector reform, has been named Chairperson of the Board, while Mr. Helaway Tadesse will serve as
Capital MarketThe African Development Bank (AfDB) and the Ethiopian Capital Market Authority (ECMA) have signed a $400,000 grant agreement to establish Ethiopia’s first public disclosure platform and introduce new financial products at the Ethiopian Securities Exchange (ESX), including exchange-traded funds (ETFs), sukuks, and green bonds. The grant, provided through the Capital Markets Development Trust Fund (CMDTF),
Capital MarketEthiopia’s capital markets regulator and Nigeria-based Infrastructure Credit Guarantee Company Limited (InfraCredit) signed a memorandum of understanding to explore setting up a credit guarantee facility in the country, a step aimed at boosting long-term financing for infrastructure projects. The Ethiopian Capital Market Authority (ECMA) said InfraCredit will provide technical assistance to draft a concept paper
Banking & FinanceEthiopia’s Treasury Bill (T-Bill) market displayed remarkable strength and resilience during July and August 2025, according to the inaugural Monthly Domestic Debt Bulletin released by the Ministry of Finance’s Debt Management Division. The period was marked by strong issuance activity, overwhelming investor interest, and subscription levels that underscore growing confidence in the government’s domestic debt
Capital MarketEthiopia, a land of striking landscapes and deep cultural heritage, finds itself at a turning point. For generations, the country’s economy has leaned heavily on agriculture. But this reliance also leaves it deeply exposed to the mounting threats of climate change. Droughts, floods, and land degradation are no longer abstract risks—they are lived realities, eroding
Capital MarketAfter months of anticipation, Ethio Telecom has finally begun confirming share allotments for investors who participated in its landmark initial public offering (IPO). On September 1, 2025, thousands of Ethiopians received long-awaited text messages officially verifying their ownership stakes in the state-owned telecom giant. The confirmation marks a historic step: for the first time, ordinary
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Capital MarketEthiopia’s financial ecosystem is standing at a historic turning point. For decades, private companies have relied on bank loans, retained earnings, or informal networks to fund growth. But with the official launch of the Ethiopian Securities Exchange (ESX) on the horizon, the country is preparing to step into an unfamiliar but transformative world: a capital
Capital MarketTwo major players in Ethiopia’s financial sector just shook hands on a big deal. CBE Capital Investment Bank and Nib International Bank (NIB) signed a strategic partnership to bring investment banking services straight into NIB’s growth plans. Translation: NIB gets the financial muscle and market expertise of CBE Capital as it looks to scale up
