Dire Dawa Advances Digital Services with New Platform
The city administration of Dire Dawa has launched "Cheche," an application designed to digitize public services by integrating 30 government institutions. The platform aims to offer over 500 services through a single access point, streamlining interactions for citizens.
Source - Dire Dawa Municipality
Full Article - https://telegra.ph/Dire-Dawa-Advances-Digital-Services-with-New-Platform-09-03
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The city administration of Dire Dawa has launched "Cheche," an application designed to digitize public services by integrating 30 government institutions. The platform aims to offer over 500 services through a single access point, streamlining interactions for citizens.
Source - Dire Dawa Municipality
Full Article - https://telegra.ph/Dire-Dawa-Advances-Digital-Services-with-New-Platform-09-03
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Ethiopia's Central Bank Governor Mamo Mihretu Announces Departure
Mamo Mihretu, the governor of the National Bank of Ethiopia (NBE), has announced his resignation after a seven-year tenure in various government roles. In a farewell message, Mihretu stated he is leaving public service to "pursue other passions and tackle other challenges," concluding a period of significant economic reform in the nation.
Full Article - https://telegra.ph/Ethiopias-Central-Bank-Governor-Mamo-Mihretu-Announces-Departure-09-03
Source - Mamo Miheretu
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Mamo Mihretu, the governor of the National Bank of Ethiopia (NBE), has announced his resignation after a seven-year tenure in various government roles. In a farewell message, Mihretu stated he is leaving public service to "pursue other passions and tackle other challenges," concluding a period of significant economic reform in the nation.
Full Article - https://telegra.ph/Ethiopias-Central-Bank-Governor-Mamo-Mihretu-Announces-Departure-09-03
Source - Mamo Miheretu
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A market bulletin from the Ethiopia Commodity Exchange (ECX) showing the Daily Commodity Trade Data for September 3, 2025.
Source - Ethiopia Commodity Exchange
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Source - Ethiopia Commodity Exchange
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Financial Manager Role Opens for Ethiopia's Multi-Donor Disarmament Programme
A Finance and Budget Specialist is needed to provide high-level financial stewardship to the National Rehabilitation Commission's (NRC) Disarmament, Demobilization and Reintegration (DDR) programme. This crucial initiative is supported by the United Nations Development Programme (UNDP) in Ethiopia.
Full Article - https://telegra.ph/Financial-Manager-Role-Opens-for-Ethiopias-Multi-Donor-Disarmament-Programme-09-04
Source - UNDP
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A Finance and Budget Specialist is needed to provide high-level financial stewardship to the National Rehabilitation Commission's (NRC) Disarmament, Demobilization and Reintegration (DDR) programme. This crucial initiative is supported by the United Nations Development Programme (UNDP) in Ethiopia.
Full Article - https://telegra.ph/Financial-Manager-Role-Opens-for-Ethiopias-Multi-Donor-Disarmament-Programme-09-04
Source - UNDP
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CBE Taps UAE's Botim to Formalize Diaspora Remittance Flows
The Commercial Bank of Ethiopia (CBE) has entered a strategic partnership with Botim, a popular UAE-based financial platform, to facilitate legal money transfers. This agreement creates a secure digital channel for the Ethiopian diaspora to send money home, aiming to boost formal remittance inflows and strengthen the country's foreign currency position.
Full Article - https://telegra.ph/CBE-Taps-UAEs-Botim-to-Formalize-Diaspora-Remittance-Flows-09-04
Source - Commercial Bank of Ethiopia
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The Commercial Bank of Ethiopia (CBE) has entered a strategic partnership with Botim, a popular UAE-based financial platform, to facilitate legal money transfers. This agreement creates a secure digital channel for the Ethiopian diaspora to send money home, aiming to boost formal remittance inflows and strengthen the country's foreign currency position.
Full Article - https://telegra.ph/CBE-Taps-UAEs-Botim-to-Formalize-Diaspora-Remittance-Flows-09-04
Source - Commercial Bank of Ethiopia
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New AfDB President Pledges Swift Reforms and Deeper Partnerships
Sidi Ould Tah has assumed the presidency of the African Development Bank Group (AfDB) with a decisive mandate for change. His leadership signals a new era focused on a fast-track reform agenda, enhanced partnerships, and accelerating practical solutions to bridge the continent's most critical development divides.
Full Article - https://telegra.ph/New-AfDB-President-Pledges-Swift-Reforms-and-Deeper-Partnerships-09-04
Source - African Development Bank
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Sidi Ould Tah has assumed the presidency of the African Development Bank Group (AfDB) with a decisive mandate for change. His leadership signals a new era focused on a fast-track reform agenda, enhanced partnerships, and accelerating practical solutions to bridge the continent's most critical development divides.
Full Article - https://telegra.ph/New-AfDB-President-Pledges-Swift-Reforms-and-Deeper-Partnerships-09-04
Source - African Development Bank
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UNCDF Targets Ethiopia's Post-Conflict Recovery with New Finance Initiative
The UN Capital Development Fund (UNCDF) is launching a strategic initiative to unlock finance for businesses in Ethiopia’s conflict-affected regions. The program will provide technical assistance and performance-based investment grants to financial institutions in Afar, Amhara, and Tigray, aiming to stimulate economic recovery by channeling capital to micro, small, and medium enterprises (MSMEs).
Full Article - https://telegra.ph/UNCDF-Targets-Ethiopias-Post-Conflict-Recovery-with-New-Finance-Initiative-09-05
Source - UNCDF
@businessinfoeth
The UN Capital Development Fund (UNCDF) is launching a strategic initiative to unlock finance for businesses in Ethiopia’s conflict-affected regions. The program will provide technical assistance and performance-based investment grants to financial institutions in Afar, Amhara, and Tigray, aiming to stimulate economic recovery by channeling capital to micro, small, and medium enterprises (MSMEs).
Full Article - https://telegra.ph/UNCDF-Targets-Ethiopias-Post-Conflict-Recovery-with-New-Finance-Initiative-09-05
Source - UNCDF
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The official exchange rates of the Ethiopian Birr against various foreign currencies as of September 5, 2025.
Source - Commercial Bank of Ethiopia
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Source - Commercial Bank of Ethiopia
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Coopbank Taps Rabobank to Launch Ethiopia's First Digital Farm Loans
The Cooperative Bank of Oromia is partnering with Dutch multinational Rabobank to roll out Ethiopia's first digital loan product aimed at smallholder farmers, a move designed to unlock crucial capital for agricultural inputs and connect growers to broader markets.
Full Article - https://telegra.ph/Coopbank-Taps-Rabobank-to-Launch-Ethiopias-First-Digital-Farm-Loans-09-05
Source - Cooperative Bank of Oromia
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The Cooperative Bank of Oromia is partnering with Dutch multinational Rabobank to roll out Ethiopia's first digital loan product aimed at smallholder farmers, a move designed to unlock crucial capital for agricultural inputs and connect growers to broader markets.
Full Article - https://telegra.ph/Coopbank-Taps-Rabobank-to-Launch-Ethiopias-First-Digital-Farm-Loans-09-05
Source - Cooperative Bank of Oromia
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Ethiopia's Treasury Bill Market Shows Robust Performance in July-August 2025
In its first Monthly Domestic Debt Bulletin for July and August 2025, Ethiopia's Ministry of Finance highlighted a robust performance in the Treasury Bill market. The government successfully raised ETB 111.1 billion, surpassing its target of ETB 103.4 billion. This strong issuance was met with significant investor interest, as demonstrated by bids totaling ETB 164.7 billion, which translates to a 159% investor demand.
Full Article - https://telegra.ph/Ethiopias-Treasury-Bill-Market-Shows-Robust-Performance-in-July-August-2025-09-05
Source - Ministry of Finance
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In its first Monthly Domestic Debt Bulletin for July and August 2025, Ethiopia's Ministry of Finance highlighted a robust performance in the Treasury Bill market. The government successfully raised ETB 111.1 billion, surpassing its target of ETB 103.4 billion. This strong issuance was met with significant investor interest, as demonstrated by bids totaling ETB 164.7 billion, which translates to a 159% investor demand.
Full Article - https://telegra.ph/Ethiopias-Treasury-Bill-Market-Shows-Robust-Performance-in-July-August-2025-09-05
Source - Ministry of Finance
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Ethiopian Interbank Rates Rise as Weekly Trading Tops 10.1 Billion Birr
Ethiopia's interbank money market saw a total of 10.105 billion Ethiopian Birr (ETB) traded during the week ending September 5, 2025, with weighted average interest rates increasing across the board, according to statistics released by the Ethiopian Securities Exchange.
Full Article - https://telegra.ph/Ethiopian-Interbank-Rates-Rise-as-Weekly-Trading-Tops-101-Billion-Birr-09-06
Source - Ethiopian Securities Exchange
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Ethiopia's interbank money market saw a total of 10.105 billion Ethiopian Birr (ETB) traded during the week ending September 5, 2025, with weighted average interest rates increasing across the board, according to statistics released by the Ethiopian Securities Exchange.
Full Article - https://telegra.ph/Ethiopian-Interbank-Rates-Rise-as-Weekly-Trading-Tops-101-Billion-Birr-09-06
Source - Ethiopian Securities Exchange
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Akobo Minerals Secures New Funding to Ramp Up Segele Gold Mine Output
Akobo Minerals AB has finalised a comprehensive financial restructuring, securing crucial funding and extending debt maturities to bolster liquidity. The move is designed to stabilise the company and finance a significant production ramp-up at its high-grade Segele gold mine in Ethiopia, signalling a pivotal step in its operational development.
Full Article - https://telegra.ph/Akobo-Minerals-Secures-New-Funding-to-Ramp-Up-Segele-Gold-Mine-Output-09-06
Source - Akobo Minerals
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Akobo Minerals AB has finalised a comprehensive financial restructuring, securing crucial funding and extending debt maturities to bolster liquidity. The move is designed to stabilise the company and finance a significant production ramp-up at its high-grade Segele gold mine in Ethiopia, signalling a pivotal step in its operational development.
Full Article - https://telegra.ph/Akobo-Minerals-Secures-New-Funding-to-Ramp-Up-Segele-Gold-Mine-Output-09-06
Source - Akobo Minerals
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Ethiopia's Mega-Dam Cost Nears Triple Its Original Budget
The total cost for the Grand Ethiopian Renaissance Dam (GERD) has surged to over 233 billion Birr, a significant increase from its initial estimate. According to the project's owner, Ethiopian Electric Power, the current expenditure is nearly three times the 80 billion Birr, or roughly $4 billion, that was first budgeted for the massive hydroelectric project
Full Article - https://telegra.ph/Ethiopias-Mega-Dam-Cost-Nears-Triple-Its-Original-Budget-09-06
Source - Bloomberg
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The total cost for the Grand Ethiopian Renaissance Dam (GERD) has surged to over 233 billion Birr, a significant increase from its initial estimate. According to the project's owner, Ethiopian Electric Power, the current expenditure is nearly three times the 80 billion Birr, or roughly $4 billion, that was first budgeted for the massive hydroelectric project
Full Article - https://telegra.ph/Ethiopias-Mega-Dam-Cost-Nears-Triple-Its-Original-Budget-09-06
Source - Bloomberg
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Ethiopia Inflation Eases Slightly in August to 13.6%
Ethiopia's annual inflation rate edged lower for the second consecutive month in August of the 2017 Ethiopian Fiscal Year, registering 13.6%, a slight decrease from the 13.7% recorded in July.
Full Article - https://telegra.ph/Ethiopia-Inflation-Eases-Slightly-in-August-to-136-09-06
Source - Ethiopian Statistical Services
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Ethiopia's annual inflation rate edged lower for the second consecutive month in August of the 2017 Ethiopian Fiscal Year, registering 13.6%, a slight decrease from the 13.7% recorded in July.
Full Article - https://telegra.ph/Ethiopia-Inflation-Eases-Slightly-in-August-to-136-09-06
Source - Ethiopian Statistical Services
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The official exchange rates of the Ethiopian Birr against various foreign currencies as of September 8, 2025.
Source - Commercial Bank of Ethiopia
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Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Investors Stay Close to Cash: Short Tenors Dominate July–August Auctions
Ethiopia's Treasury-bill auctions in July–August revealed a stark demand imbalance, as investors aggressively pursued short-term debt. While 28 and 91-day bills were heavily oversubscribed, the 364-day tenor was consistently undersubscribed, signaling a clear investor preference for liquidity and aversion to duration.
Source - Ministry of Finance
Full Article - https://telegra.ph/Investors-Stay-Close-to-Cash-Short-Tenors-Dominate-JulyAugust-Auctions-09-08
@BusinessInfoEth
Ethiopia's Treasury-bill auctions in July–August revealed a stark demand imbalance, as investors aggressively pursued short-term debt. While 28 and 91-day bills were heavily oversubscribed, the 364-day tenor was consistently undersubscribed, signaling a clear investor preference for liquidity and aversion to duration.
Source - Ministry of Finance
Full Article - https://telegra.ph/Investors-Stay-Close-to-Cash-Short-Tenors-Dominate-JulyAugust-Auctions-09-08
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Wegagen Bank to Hold 32nd Shareholder Assembly
Wegagen Bank S.C. will hold its 32nd regular General Assembly on Tuesday, October 7, 2025, in Addis Ababa. The meeting, which will take place at the Hilton Hotel at 8:30 a.m. local time, will address key corporate matters including the approval of new shareholders and share transfers.
Source - Wegagen Bank
Full Article - https://telegra.ph/Wegagen-Bank-to-Hold-32nd-Shareholder-Assembly-09-08
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Wegagen Bank S.C. will hold its 32nd regular General Assembly on Tuesday, October 7, 2025, in Addis Ababa. The meeting, which will take place at the Hilton Hotel at 8:30 a.m. local time, will address key corporate matters including the approval of new shareholders and share transfers.
Source - Wegagen Bank
Full Article - https://telegra.ph/Wegagen-Bank-to-Hold-32nd-Shareholder-Assembly-09-08
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Ethiopia Inaugurates Grand Ethiopian Renaissance Dam
Ethiopia officially announced the inauguration of the Grand Ethiopian Renaissance Dam (GERD) on September 9, 2025, marking the completion of Africa's largest hydroelectric project. The 5,000-megawatt facility is expected to double the country's electricity generation capacity after 14 years of construction.
Full Article - https://telegra.ph/Ethiopia-Inaugurates-5000-MW-Dam-to-Power-Economy-09-09
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Ethiopia officially announced the inauguration of the Grand Ethiopian Renaissance Dam (GERD) on September 9, 2025, marking the completion of Africa's largest hydroelectric project. The 5,000-megawatt facility is expected to double the country's electricity generation capacity after 14 years of construction.
Full Article - https://telegra.ph/Ethiopia-Inaugurates-5000-MW-Dam-to-Power-Economy-09-09
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IFC's Landmark Local Currency Loan Bolsters Ethiopian Small Businesses
The International Finance Corporation (IFC) has announced its first-ever local currency loan to a financial institution in Ethiopia, a landmark move aimed at spurring economic growth by supporting micro, small, and medium-sized enterprises (MSMEs). The deal, totaling a $10 million equivalent loan in Ethiopian birr to VisionFund Microfinance Institution, is the initial tranche of a planned $30 million commitment
Source - IFC
Full Article - https://telegra.ph/IFCs-Landmark-Local-Currency-Loan-Bolsters-Ethiopian-Small-Businesses-09-09
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The International Finance Corporation (IFC) has announced its first-ever local currency loan to a financial institution in Ethiopia, a landmark move aimed at spurring economic growth by supporting micro, small, and medium-sized enterprises (MSMEs). The deal, totaling a $10 million equivalent loan in Ethiopian birr to VisionFund Microfinance Institution, is the initial tranche of a planned $30 million commitment
Source - IFC
Full Article - https://telegra.ph/IFCs-Landmark-Local-Currency-Loan-Bolsters-Ethiopian-Small-Businesses-09-09
@BusinessInfoEth