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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
BusinessEthiopian Investment Holdings (EIH), the country’s sovereign wealth manager, continued its annual performance dialogue on day two, with updates from its hospitality, power, and engineering portfolio companies. The reviews underscored steady revenue growth in hotels, strong expansion in electricity access, and rising regional ambitions in engineering services. Hospitality SectorGhion Hotel and Spa, one of Addis
BusinessEthiopian businesses were living in a silent world, hiding their secrets behind closed doors. That was, and still is to some extent, the culture of doing business in Ethiopia. Many companies are family-owned, strong centralized administration is persistent, and one’s close-knit networks dictate the trajectory of the company, but now everything is about to change.
Capital MarketMarkets, But Make Them Emotional It’s 2021, and in the middle of a quiet day on the stock market, a single tweet from Elon Musk, just one word: “Gamestonk!!”, sends GameStop’s stock price flying up by 157% in just one day. Welcome to the markets of the 2020s, where emotions are assets, memes move billions,
Capital MarketThe East African Securities Exchanges Association (EASEA) has launched a new tool called the EAE 20 Share Index to help track the performance of top companies listed on stock markets in East Africa. This is the first regional index of its kind. It brings together the 20 biggest and most successful companies from stock exchanges
Capital MarketThe Ethiopian Capital Market Authority (ECMA) has granted a final one-month extension, until April 9, 2025, for publicly held companies to submit crucial documents related to their existing shares, as mandated by Directive No. 1030/2024. This extension addresses requests and allows for further submissions from companies with over 50 shareholders, including those currently raising capital.
Hi there! 👋 Biritu here with your Friday for Knowledge session! As another week comes to a close, it’s time to fuel our minds with insights that matter. In this edition of Friday for Knowledge, we dive into thought-provoking Fundamental vs. Technical Analysis. Investing, especially in a developing economy like Ethiopia, can feel like navigating
Learn Stock MarketTakeaways Financial derivatives are complex financial instruments whose value is derived from another asset. These underlying assets can be stocks, bonds, commodities, currencies, interest rates, or market indexes. Derivatives play a significant role in global financial markets, providing opportunities for risk management and profit generation. Derivatives serve two main purposes: hedging and speculation. Hedging: Reducing
Capital MarketIn an exclusive interview with the Ethiopian News Agency (ENA), the CEO of the Ethiopian Securities Exchange (ESX), Tilahun E. Kassahun, confirmed that the exchange has become fully operational, supported by the necessary infrastructure and legal framework. According to Tilahun, ESX is already aligning with international stock market standards and listing requirements in its early
Capital MarketWegagen Bank has made history by becoming the first company to list its shares on the Ethiopian Stock Exchange (ESX). The announcement was made during the official launch ceremony of the stock exchange, held at the Science Museum in Addis Ababa in the presence of Prime Minister Abiy Ahmed (PhD) and other high-ranking government officials.
Capital MarketPrime Minister Abiy Ahmed (PhD) today officially launched the Ethiopian Securities Exchange (ESX), marking the establishment of the country’s first stock exchange. Ethiopia now joins other African nations in introducing a formal capital market to its financial landscape. During the launch ceremony, the Prime Minister rang the bell to announce the opening of the exchange,
Capital MarketEthiopia stands on the cusp of a transformative economic journey with the inauguration of its capital market. This milestone not only symbolizes a new chapter in the country’s financial evolution but also presents an opportunity to learn from nations that have walked this path before. From the bustling trading floors of India’s Bombay Stock Exchange
