Wegagen Bank Profit Surges 73% to a Record 3.85 Bln Birr
Wegagen Bank S.C. posted a record 3.85 billion birr profit before tax for the 2024/25 Ethiopian fiscal year, a 73% surge that significantly outpaced the sector average and cemented its position as one of the country's fastest-growing private lenders.
https://telegra.ph/Wegagen-Bank-Profit-Surges-73-to-a-Record-385-Bln-Birr-10-09
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Wegagen Bank S.C. posted a record 3.85 billion birr profit before tax for the 2024/25 Ethiopian fiscal year, a 73% surge that significantly outpaced the sector average and cemented its position as one of the country's fastest-growing private lenders.
https://telegra.ph/Wegagen-Bank-Profit-Surges-73-to-a-Record-385-Bln-Birr-10-09
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The official exchange rates of the Ethiopian Birr against various foreign currencies as of October 09, 2025.
Source - Commercial Bank of Ethiopia
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Source - Commercial Bank of Ethiopia
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Ethiopian Coffee Exports Surge, Raking in $546 Million in Two Months
Ethiopia's coffee exports generated $546 million in the first two months of the 2025/26 fiscal year, a robust start that puts the country on track to meet its ambitious full-year revenue target.
https://telegra.ph/Ethiopian-Coffee-Exports-Surge-Raking-in-546-Million-in-Two-Months-10-09
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Ethiopia's coffee exports generated $546 million in the first two months of the 2025/26 fiscal year, a robust start that puts the country on track to meet its ambitious full-year revenue target.
https://telegra.ph/Ethiopian-Coffee-Exports-Surge-Raking-in-546-Million-in-Two-Months-10-09
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Ethiopia Honors Top 700 Taxpayers in Push to Boost Revenue
Ethiopia's government has recognized 700 model taxpayers for their contribution to the national economy, a high-profile move to foster a culture of compliance as it seeks to address a chronically low tax-to-GDP ratio.
https://telegra.ph/Ethiopia-Honors-Top-700-Taxpayers-in-Push-to-Boost-Revenue-10-09
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Ethiopia's government has recognized 700 model taxpayers for their contribution to the national economy, a high-profile move to foster a culture of compliance as it seeks to address a chronically low tax-to-GDP ratio.
https://telegra.ph/Ethiopia-Honors-Top-700-Taxpayers-in-Push-to-Boost-Revenue-10-09
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The official exchange rates of the Ethiopian Birr against various foreign currencies as of October 10, 2025.
Source - Commercial Bank of Ethiopia
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Source - Commercial Bank of Ethiopia
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EU Deepens Ethiopia Ties With €105 Million Gateway Pact
The European Union has committed approximately €105 million to Ethiopia under its Global Gateway initiative, deepening a strategic shift from traditional aid to targeted investments in sustainable economic growth.
https://telegra.ph/EU-Deepens-Ethiopia-Ties-With-105-Million-Gateway-Pact-10-10-2
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The European Union has committed approximately €105 million to Ethiopia under its Global Gateway initiative, deepening a strategic shift from traditional aid to targeted investments in sustainable economic growth.
https://telegra.ph/EU-Deepens-Ethiopia-Ties-With-105-Million-Gateway-Pact-10-10-2
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The official exchange rates of the Ethiopian Birr against various foreign currencies as of October 11, 2025.
Source - Commercial Bank of Ethiopia
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Source - Commercial Bank of Ethiopia
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Zemen Bank Net Profit Skyrockets 145% to Record 5.87 Bln Birr
Zemen Bank S.C. announced a record-breaking financial performance for the 2024/25 fiscal year, with net profit soaring 145% to 5.87 billion birr, a result that positions it as a top performer in Ethiopia's increasingly competitive banking sector.
https://telegra.ph/Zemen-Bank-Net-Profit-Skyrockets-145-to-Record-587-Bln-Birr-10-11
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Zemen Bank S.C. announced a record-breaking financial performance for the 2024/25 fiscal year, with net profit soaring 145% to 5.87 billion birr, a result that positions it as a top performer in Ethiopia's increasingly competitive banking sector.
https://telegra.ph/Zemen-Bank-Net-Profit-Skyrockets-145-to-Record-587-Bln-Birr-10-11
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The official exchange rates of the Ethiopian Birr against various foreign currencies as of October 13, 2025.
Source - Commercial Bank of Ethiopia
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Source - Commercial Bank of Ethiopia
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EDIF Premium Collection Jumps 27% to 2.08 Bln Birr in Q1
The Ethiopian Deposit Insurance Fund (EDIF) collected 2.08 billion birr in premiums during the first quarter of the 2025/26 fiscal year, hitting 100% of its target and marking a 26.8% year-on-year increase. The strong performance signals the rapid scaling of the nation's financial safety net.
https://telegra.ph/EDIF-Premium-Collection-Jumps-27-to-208-Bln-Birr-in-Q1-10-13
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The Ethiopian Deposit Insurance Fund (EDIF) collected 2.08 billion birr in premiums during the first quarter of the 2025/26 fiscal year, hitting 100% of its target and marking a 26.8% year-on-year increase. The strong performance signals the rapid scaling of the nation's financial safety net.
https://telegra.ph/EDIF-Premium-Collection-Jumps-27-to-208-Bln-Birr-in-Q1-10-13
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Career Opportunity with Grant Thornton Ethiopia
Grant Thornton Ethiopia, a leading global business advisory firm, is hiring a Senior Accountant (Full-Time, Permanent) to join its finance team in Addis Ababa, Ethiopia. The role involves managing and overseeing the organization’s financial operations in compliance with donor requirements, internal policies, and statutory regulations.
Full Article - https://telegra.ph/Career-Opportunity-with-Grant-Thornton-Ethiopia-10-12
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Grant Thornton Ethiopia, a leading global business advisory firm, is hiring a Senior Accountant (Full-Time, Permanent) to join its finance team in Addis Ababa, Ethiopia. The role involves managing and overseeing the organization’s financial operations in compliance with donor requirements, internal policies, and statutory regulations.
Full Article - https://telegra.ph/Career-Opportunity-with-Grant-Thornton-Ethiopia-10-12
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CBE Capital Inks Advisory Deal With Hibret Insurance
CBE Capital has signed an investment banking agreement with Hibret Insurance S.C., one of Ethiopia’s largest private insurers, in a strategic move to guide the company through the nation's new capital markets landscape. The deal positions CBE Capital, a new investment bank majority-owned by the Commercial Bank of Ethiopia, to advise Hibret on potential capital raising and a possible listing on the Ethiopian Securities Exchange (ESX).
Full Article - https://telegra.ph/CBE-Capital-Inks-Advisory-Deal-With-Hibret-Insurance-10-13
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CBE Capital has signed an investment banking agreement with Hibret Insurance S.C., one of Ethiopia’s largest private insurers, in a strategic move to guide the company through the nation's new capital markets landscape. The deal positions CBE Capital, a new investment bank majority-owned by the Commercial Bank of Ethiopia, to advise Hibret on potential capital raising and a possible listing on the Ethiopian Securities Exchange (ESX).
Full Article - https://telegra.ph/CBE-Capital-Inks-Advisory-Deal-With-Hibret-Insurance-10-13
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UNICEF Ethiopia – Invitation to Bid
UNICEF Ethiopia invites eligible local companies to submit bids for the Procurement of a Biometric Employee Attendance System (LITBS-2025-9200365).
Full Article - https://telegra.ph/UNICEF-Ethiopia--Invitation-to-Bid-10-13
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UNICEF Ethiopia invites eligible local companies to submit bids for the Procurement of a Biometric Employee Attendance System (LITBS-2025-9200365).
Full Article - https://telegra.ph/UNICEF-Ethiopia--Invitation-to-Bid-10-13
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Ethiopia Resumes Forex Auctions With $150 Million Sale to Ease Crunch
Ethiopia’s central bank will auction $150 million to commercial banks on October 14, resuming its wholesale foreign exchange sales after a two-month halt that intensified a severe currency shortage. The move by the National Bank of Ethiopia (NBE) is a critical step to inject liquidity into the official market and curb the widening gap with the parallel market rate, a key condition of its ongoing negotiations for an IMF support package.
https://telegra.ph/Ethiopia-Resumes-Forex-Auctions-With-150-Million-Sale-to-Ease-Crunch-10-13
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Ethiopia’s central bank will auction $150 million to commercial banks on October 14, resuming its wholesale foreign exchange sales after a two-month halt that intensified a severe currency shortage. The move by the National Bank of Ethiopia (NBE) is a critical step to inject liquidity into the official market and curb the widening gap with the parallel market rate, a key condition of its ongoing negotiations for an IMF support package.
https://telegra.ph/Ethiopia-Resumes-Forex-Auctions-With-150-Million-Sale-to-Ease-Crunch-10-13
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The official exchange rates of the Ethiopian Birr against various foreign currencies as of October 14, 2025.
Source - Commercial Bank of Ethiopia
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Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Ethiopia Waives Duties on Gas Vehicles to Spur Energy Shift
Ethiopia has granted full customs duty exemptions for all imported vehicles that run on natural gas, a sweeping policy shift designed to accelerate the adoption of cleaner energy and slash the nation's multi-billion dollar fuel import bill. The move, effective immediately, is timed with the recent inauguration of a major natural gas production plant in the country's Somali region...
https://telegra.ph/Ethiopia-Waives-Duties-on-Gas-Vehicles-to-Spur-Energy-Shift-10-14
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Ethiopia has granted full customs duty exemptions for all imported vehicles that run on natural gas, a sweeping policy shift designed to accelerate the adoption of cleaner energy and slash the nation's multi-billion dollar fuel import bill. The move, effective immediately, is timed with the recent inauguration of a major natural gas production plant in the country's Somali region...
https://telegra.ph/Ethiopia-Waives-Duties-on-Gas-Vehicles-to-Spur-Energy-Shift-10-14
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Ethiopia Bondholder Talks Collapse, Delaying Path From Default
Ethiopia's crucial debt restructuring talks with private bondholders have collapsed without an agreement, a major setback that prolongs the country's sovereign default and complicates its access to international capital markets.
https://telegra.ph/Ethiopia-Bondholder-Talks-Collapse-Delaying-Path-From-Default-10-14
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Ethiopia's crucial debt restructuring talks with private bondholders have collapsed without an agreement, a major setback that prolongs the country's sovereign default and complicates its access to international capital markets.
https://telegra.ph/Ethiopia-Bondholder-Talks-Collapse-Delaying-Path-From-Default-10-14
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Ethio Telecom Taps China's TINNO for Local Smartphone Production
State-owned Ethio Telecom is in
talks with Chinese electronics giant TINNO Mobile to establish a local smartphone manufacturing plant, a strategic move to slash the cost of devices and accelerate digital inclusion across Ethiopia.
https://telegra.ph/Ethio-Telecom-Taps-Chinas-TINNO-for-Local-Smartphone-Production-10-14
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State-owned Ethio Telecom is in
talks with Chinese electronics giant TINNO Mobile to establish a local smartphone manufacturing plant, a strategic move to slash the cost of devices and accelerate digital inclusion across Ethiopia.
https://telegra.ph/Ethio-Telecom-Taps-Chinas-TINNO-for-Local-Smartphone-Production-10-14
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Birr Settles Near 148 in Landmark Ethiopian Forex Auction
Ethiopia’s birr settled at a weighted average of 148.1007 per U.S. dollar in the central bank's first foreign exchange auction in over two months, a landmark step in the country's gradual move toward a more market-determined exchange rate.
https://telegra.ph/Birr-Settles-Near-148-in-Landmark-Ethiopian-Forex-Auction-10-14
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Ethiopia’s birr settled at a weighted average of 148.1007 per U.S. dollar in the central bank's first foreign exchange auction in over two months, a landmark step in the country's gradual move toward a more market-determined exchange rate.
https://telegra.ph/Birr-Settles-Near-148-in-Landmark-Ethiopian-Forex-Auction-10-14
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Funding Opportunity with UNDP Africa
UNDP Africa is inviting applications for the Accelerate Africa Entrepreneurship Challenge 2025, a program designed to empower youth- and women-owned MSMEs across the continent. The initiative provides grants of up to $250,000, technical support, and opportunities to scale innovative and impactful businesses.
Full Article - https://telegra.ph/Funding-Opportunity-with-UNDP-Africa-10-14
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UNDP Africa is inviting applications for the Accelerate Africa Entrepreneurship Challenge 2025, a program designed to empower youth- and women-owned MSMEs across the continent. The initiative provides grants of up to $250,000, technical support, and opportunities to scale innovative and impactful businesses.
Full Article - https://telegra.ph/Funding-Opportunity-with-UNDP-Africa-10-14
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