Monday Breakfast Stories and more from the StockMarket.et desk.
CBE Adjusts Loan Interest Rates to Ensure Sustainability The Commercial Bank of Ethiopia (CBE) has announced adjustments to its loan interest rates, effective March 7, 2025, as part of its ongoing transformation and the government’s market-oriented policies.Key changes include reductions in agricultural loan rates (short-term: 11.5%, medium-term: 12%, long-term: 12.5%) and unchanged rates for residential
Ethiopia’s Abiy Ahmed Visits Somalia for Talks with President Mohamud Ethiopian Prime Minister Abiy Ahmed visited Mogadishu on February 27, 2025, to hold discussions with Somali President Hassan Sheikh Mohamud, marking a step toward easing tensions between the two nations. Relations had soured in early 2024 over Ethiopia’s deal to lease a coastline in Somaliland,
ECMA Grants Securities Investment Advisor License to Ethio Capital Solutions The Ethiopian Capital Market Authority (ECMA) has licensed Ethio Capital Solutions PLC as a Securities Investment Advisor, further expanding Ethiopia’s capital market. The firm met regulatory requirements under Directive No. 980/2024 and is now authorized to provide investment advisory services to issuers, investors, and market
38th African Union Summit Concludes The 38th African Union Summit, held in Addis Ababa, brought together African heads of state, diplomats, and institutional leaders to discuss key issues, including AU reforms, restorative justice, Africa’s push for a UN Security Council seat, peace and security, AfCFTA implementation, climate change, human rights, and youth empowerment. On the
Ethiopian Securities Exchange to Add Five Listings in Six Months The Ethiopian Securities Exchange (ESX) is now fully operational, with the necessary infrastructure and legal framework in place. CEO Tilahun E. Kassahun confirmed that one bank has already entered the market, with plans to list at least five more companies within six months and up
EIH & Puma Energy Explore Investments in Ethiopia’s Energy & Aviation Sectors Ethiopian Investment Holdings (EIH) and Puma Energy are in discussions to boost Ethiopia’s energy and aviation infrastructure. The talks focused on strategic partnerships to meet rising demand and position Ethiopia as a global hub. EIH CEO Brook Taye emphasized the need for world-class
IMF Approves $248 Million for Ethiopia Under ECF Program The IMF has completed the second review of Ethiopia’s Extended Credit Facility (ECF), releasing $248 million to support the country’s balance of payments. This is part of a $10.7 billion package aiding Ethiopia’s Homegrown Economic Reform Agenda (HGER). Total disbursements now stand at $1.611 billion. Ethiopia
This week’s newsletter marks the first edition following the historic launch of the Ethiopian Securities Exchange (ESX), a milestone our platform has long awaited. With the bell now rung, we are embarking on an exciting new chapter. As we begin this journey, our commitment to progress and innovation remains unwavering. Get ready for a fresh
Merry Christmas to everyone celebrating!🤗 Here’s a roundup of this week’s business and economic highlights. ZamZam Bank Launches Sharia-Compliant Digital Lending Platform, Ansar ZamZam Bank, Ethiopia’s pioneer in interest-free banking, has unveiled Ansar, a Sharia-compliant digital finance solution for individuals and MSMEs. Developed in partnership with Kifiya Financial Technology, Ansar operates as a Buy Now,
Commercial Bank of Ethiopia Assets Hit 1.9 Trillion Birr The Commercial Bank of Ethiopia (CBE) has achieved a record 1.9 trillion birr in total assets, with deposits reaching 1.4 trillion birr, according to its president, Abe Sano. The bank attributes its success to comprehensive macroeconomic reforms, including a market-based exchange regime that boosted savings and
Ethiopian Securities Exchange Partners with Bourse de Casablanca The Ethiopian Securities Exchange (ESX) and Bourse de Casablanca have signed a strategic cooperation agreement to advance African capital markets. Announced at the Africa Financial Summit in Casablanca, the partnership focuses on technical expertise, market development, and innovation to strengthen Ethiopia’s evolving stock market. Bourse de Casablanca
Bunna Bank Reports 930.1 Million Birr Profit Amid Challenges Bunna Bank S.C. achieved a remarkable 930.1 million birr pre-tax profit amid economic challenges, including inflation and forex shortages. Deposits grew by 20% to 43.87 billion birr, with loans reaching 38.87 billion birr (11.8% growth) and foreign exchange earnings totaling $167.6 million. The bank’s assets rose
Monday Breakfast Stories lands every week — the capital market, banking, and startup news that moved.
