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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KEFI Nears $240M Debt Deal to Launch Ethiopia Gold Mine
KEFI Gold and Copper is set to sign a $240 million debt facility this week to fully launch its Tulu Kapi gold project, a pivotal step in developing Ethiopia's first modern, industrial-scale mine. The financing is the final major piece of the total $340 million required for the project.
https://telegra.ph/KEFI-Nears-240M-Debt-Deal-to-Launch-Ethiopia-Gold-Mine-10-15
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KEFI Gold and Copper is set to sign a $240 million debt facility this week to fully launch its Tulu Kapi gold project, a pivotal step in developing Ethiopia's first modern, industrial-scale mine. The financing is the final major piece of the total $340 million required for the project.
https://telegra.ph/KEFI-Nears-240M-Debt-Deal-to-Launch-Ethiopia-Gold-Mine-10-15
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The official exchange rates of the Ethiopian Birr against various foreign currencies as of October 15, 2025.
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Ethiopia's Exports Surge, Securing Over $2.4 Billion in First Quarter
Ethiopia's export sector has demonstrated remarkable growth, securing over 2.48 billion U.S. dollars in the first quarter of the current Ethiopian Fiscal Year, according to the Ministry of Trade and Regional Integration. This figure represents a significant 65 percent increase compared to the same period in the previous year.
https://telegra.ph/Ethiopias-Exports-Surge-Securing-Over-24-Billion-in-First-Quarter-10-15
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Ethiopia's export sector has demonstrated remarkable growth, securing over 2.48 billion U.S. dollars in the first quarter of the current Ethiopian Fiscal Year, according to the Ministry of Trade and Regional Integration. This figure represents a significant 65 percent increase compared to the same period in the previous year.
https://telegra.ph/Ethiopias-Exports-Surge-Securing-Over-24-Billion-in-First-Quarter-10-15
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