One Microfinance Declares Bankruptcy: Ethiopian Deposit Insurance Fund to Compensate Depositors
One Microfinance has become the first financial institution in Ethiopia to declare bankruptcy. Established under Proclamation No. 40/1996 (amended by Proclamation No. 626/2009), the institution commenced operations on October 28, 1997.
For Article - https://telegra.ph/One-Microfinance-Declares-Bankruptcy-Deposit-Insurance-Fund-to-Compensate-Depositors-08-05-2
Source - Sheger FM
@businessinfoeth
One Microfinance has become the first financial institution in Ethiopia to declare bankruptcy. Established under Proclamation No. 40/1996 (amended by Proclamation No. 626/2009), the institution commenced operations on October 28, 1997.
For Article - https://telegra.ph/One-Microfinance-Declares-Bankruptcy-Deposit-Insurance-Fund-to-Compensate-Depositors-08-05-2
Source - Sheger FM
@businessinfoeth
Ethiopia’s FX Reform Boosts Reserves and Doubles Export Earnings
Ethiopia's Foreign Exchange Reform (FXD/01/2024), launched on July 29, 2024, has significantly improved the country’s foreign exchange reserves, surging by 200% within a year. Exports also nearly doubled, increasing from $3.5 billion in 2024 to $7.21 billion in 2025, driven by a more competitive exchange rate. Key reforms under the Second Home-Grown Economic Reform (HEGR 2.0) include a market-based exchange rate
For Article - https://telegra.ph/Ethiopias-FX-Reform-Boosts-Reserves-and-Doubles-Export-Earnings-08-05
@businessinfoeth
Ethiopia's Foreign Exchange Reform (FXD/01/2024), launched on July 29, 2024, has significantly improved the country’s foreign exchange reserves, surging by 200% within a year. Exports also nearly doubled, increasing from $3.5 billion in 2024 to $7.21 billion in 2025, driven by a more competitive exchange rate. Key reforms under the Second Home-Grown Economic Reform (HEGR 2.0) include a market-based exchange rate
For Article - https://telegra.ph/Ethiopias-FX-Reform-Boosts-Reserves-and-Doubles-Export-Earnings-08-05
@businessinfoeth
Wegagen Bank Secures $85 Million Trade Finance Facility
Wegagen Bank has secured an $85 million international trade finance guarantee facility through agreements with the Eastern and Southern African Trade and Development Bank (TDB) and the African Export-Import Bank (Afreximbank).
For Article - https://telegra.ph/Wegagen-Bank-Secures-85-Million-Trade-Finance-Facility-08-05
@businessinfoeth
Wegagen Bank has secured an $85 million international trade finance guarantee facility through agreements with the Eastern and Southern African Trade and Development Bank (TDB) and the African Export-Import Bank (Afreximbank).
For Article - https://telegra.ph/Wegagen-Bank-Secures-85-Million-Trade-Finance-Facility-08-05
@businessinfoeth
The official exchange rates of the Ethiopian Birr against various foreign currencies as of August 6, 2025.
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Gadaa Bank Sets Sights on Securities Dealing, Regulatory Green Light Still Pending
Gadaa Bank has secured a trade licence from the Ministry of Trade & Regional Integration to launch Gadaa Securities Dealer S.C. with an initial paid-up capital of 80 million Br.
https://telegra.ph/Gadaa-Bank-Sets-Sights-on-Securities-Dealing-Regulatory-Green-Light-Still-Pending-08-06
Source - Addis Fortune
Gadaa Bank has secured a trade licence from the Ministry of Trade & Regional Integration to launch Gadaa Securities Dealer S.C. with an initial paid-up capital of 80 million Br.
https://telegra.ph/Gadaa-Bank-Sets-Sights-on-Securities-Dealing-Regulatory-Green-Light-Still-Pending-08-06
Source - Addis Fortune
Agri-Finance 2023/24: Banks & MFIs Fund Just 2 % of Ethiopia’s ETB 2.5 Trillion ETB Credit Need
Ethiopia’s formal lenders channelled only ETB 52 bn to agriculture last fiscal year—roughly two percent of the sector’s estimated ETB 2.5 tr annual financing demand, the new National Agri-Finance Implementation Roadmap Publication (NAFIR) reveals. Even the Commercial Bank of Ethiopia’s fertiliser line pushes coverage to just five percent, underscoring a widening finance gap.
For Article - https://telegra.ph/Agri-Finance-202324-Banks--MFIs-Fund-Just-2--of-Ethiopias-ETB-25-tr-Credit-Need-08-06
Source - NBE and The Reporter
Ethiopia’s formal lenders channelled only ETB 52 bn to agriculture last fiscal year—roughly two percent of the sector’s estimated ETB 2.5 tr annual financing demand, the new National Agri-Finance Implementation Roadmap Publication (NAFIR) reveals. Even the Commercial Bank of Ethiopia’s fertiliser line pushes coverage to just five percent, underscoring a widening finance gap.
For Article - https://telegra.ph/Agri-Finance-202324-Banks--MFIs-Fund-Just-2--of-Ethiopias-ETB-25-tr-Credit-Need-08-06
Source - NBE and The Reporter
NBE Press Brief: FX Auctions Restart at 138 Br/$; Governor Targets Illicit Trade
The National Bank of Ethiopia (NBE) restarted foreign-exchange auctions this week, off-loading USD 150 million through 28 banks at an average 138 birr per dollar, Governor Mamo Mihretu announced at today’s press conference. He vowed to confiscate hard currency sourced on the parallel market and urged businesses and travelers to stick to official channels.
https://telegra.ph/NBE-Press-Brief-FX-Auctions-Restart-at-138-Br-Governor-Targets-Illicit-Trade-08-06
Source - NBE
@businessinfoeth
The National Bank of Ethiopia (NBE) restarted foreign-exchange auctions this week, off-loading USD 150 million through 28 banks at an average 138 birr per dollar, Governor Mamo Mihretu announced at today’s press conference. He vowed to confiscate hard currency sourced on the parallel market and urged businesses and travelers to stick to official channels.
https://telegra.ph/NBE-Press-Brief-FX-Auctions-Restart-at-138-Br-Governor-Targets-Illicit-Trade-08-06
Source - NBE
@businessinfoeth
Opportunity : ECMA Invites Applications for Capital Markets Summer Camp 2025
The Ethiopian Capital Market Authority (ECMA) has launched its four-week “From Classrooms to Capital Markets” Summer Camp, designed to offer university students and recent graduates' practical insights into Ethiopia’s emerging financial market landscape. Interested applicants have until August 10, 2025, to apply.
Application Link - https://forms.office.com/r/te5Pz2V0PR
Full Article - https://telegra.ph/ECMA-Invites-Applications-for-Capital-Markets-Summer-Camp-2025-08-07
Source - Ethiopian Capital Market Authority (ECMA)
@businessinfoeth
The Ethiopian Capital Market Authority (ECMA) has launched its four-week “From Classrooms to Capital Markets” Summer Camp, designed to offer university students and recent graduates' practical insights into Ethiopia’s emerging financial market landscape. Interested applicants have until August 10, 2025, to apply.
Application Link - https://forms.office.com/r/te5Pz2V0PR
Full Article - https://telegra.ph/ECMA-Invites-Applications-for-Capital-Markets-Summer-Camp-2025-08-07
Source - Ethiopian Capital Market Authority (ECMA)
@businessinfoeth
The official exchange rates of the Ethiopian Birr against various foreign currencies as of August 7, 2025.
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Ethiopian Airlines to Break Ground on US $10 bn Bishoftu Mega-Airport in Nov 2025
Ethiopian Airlines confirmed it will start construction this November on the long-planned Bishoftu (Abusera) International Airport, a two-phase hub budgeted at US $10 bn—80 % of which will be raised via external loans arranged by the African Development Bank (AfDB). The facility, 40 km southeast of Addis Ababa, aims to relieve congestion at Bole International and anchor the carrier’s Vision 2035 expansion.
Source - Birr Metrics, Ethiopian Airlines, AFDB
Full Article - https://telegra.ph/Ethiopian-Airlines-to-Break-Ground-on-US-10-bn-Bishoftu-Mega-Airport-in-Nov-2025-08-07
@businessinfoeth
Ethiopian Airlines confirmed it will start construction this November on the long-planned Bishoftu (Abusera) International Airport, a two-phase hub budgeted at US $10 bn—80 % of which will be raised via external loans arranged by the African Development Bank (AfDB). The facility, 40 km southeast of Addis Ababa, aims to relieve congestion at Bole International and anchor the carrier’s Vision 2035 expansion.
Source - Birr Metrics, Ethiopian Airlines, AFDB
Full Article - https://telegra.ph/Ethiopian-Airlines-to-Break-Ground-on-US-10-bn-Bishoftu-Mega-Airport-in-Nov-2025-08-07
@businessinfoeth
OpenAI Launches GPT-5, Unifying Model Lines and Raising the Benchmark Bar
OpenAI has rolled out GPT-5, a single, state-of-the-art architecture that replaces the previous GPT-4o and o-series models. The model promises markedly faster responses while delivering deeper reasoning, setting the stage for broader enterprise adoption.
Source - OpenAI, Reuters
Full Article - https://telegra.ph/OpenAI-Launches-GPT-5-Unifying-Model-Lines-and-Raising-the-Benchmark-Bar-08-07
@businessinfoeth
OpenAI has rolled out GPT-5, a single, state-of-the-art architecture that replaces the previous GPT-4o and o-series models. The model promises markedly faster responses while delivering deeper reasoning, setting the stage for broader enterprise adoption.
Source - OpenAI, Reuters
Full Article - https://telegra.ph/OpenAI-Launches-GPT-5-Unifying-Model-Lines-and-Raising-the-Benchmark-Bar-08-07
@businessinfoeth
Ethiopian Electric Power Sells 27% of Domestic Supply to Crypto Miners & Data Centers
Ethiopian Electric Power (EEP) says 27% of electricity consumed domestically in FY 2024/25 went to “data mining” (crypto-mining and data centers), alongside 60% to Ethiopian Electric Utility and 6% to industry. EEP reported Br 75.4 billion total revenue as exports accounted for 7% of generated power.
Source - Ethiopian Electric Power, ENA,
Full Article - https://telegra.ph/Ethiopian-Electric-Power-Sells-27-of-Domestic-Supply-to-Crypto-Miners--Data-Centers-08-08
@businessinfoeth
Ethiopian Electric Power (EEP) says 27% of electricity consumed domestically in FY 2024/25 went to “data mining” (crypto-mining and data centers), alongside 60% to Ethiopian Electric Utility and 6% to industry. EEP reported Br 75.4 billion total revenue as exports accounted for 7% of generated power.
Source - Ethiopian Electric Power, ENA,
Full Article - https://telegra.ph/Ethiopian-Electric-Power-Sells-27-of-Domestic-Supply-to-Crypto-Miners--Data-Centers-08-08
@businessinfoeth
UAE’s “Digital Dirham” Nears Launch: Retail CBDC Targeted for Q4-2025
The Central Bank of the UAE (CBUAE) has published a comprehensive progress report on issuing the Digital Dirham, confirming completed pilots and moving toward national rollout. Public guidance points to a retail launch in Q4-2025, under the bank’s Financial Infrastructure Transformation (FIT) programme.
Source - UAE Government Portal and Central Bank of UAE
Full Article - https://telegra.ph/UAEs-Digital-Dirham-Nears-Launch-Retail-CBDC-Targeted-for-Q4-2025-08-08
@businessinfoeth
The Central Bank of the UAE (CBUAE) has published a comprehensive progress report on issuing the Digital Dirham, confirming completed pilots and moving toward national rollout. Public guidance points to a retail launch in Q4-2025, under the bank’s Financial Infrastructure Transformation (FIT) programme.
Source - UAE Government Portal and Central Bank of UAE
Full Article - https://telegra.ph/UAEs-Digital-Dirham-Nears-Launch-Retail-CBDC-Targeted-for-Q4-2025-08-08
@businessinfoeth
The official exchange rates of the Ethiopian Birr against various foreign currencies as of August 8, 2025.
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Ethiopia’s Interbank Money Market Sees ETB 15.6 Billion in Weekly Trades, Rates Edge Higher
For the week of 4–8 Aug 2025, Ethiopia’s interbank money market (IMM) saw two active tenors: overnight and 7-day. Banks traded ETB 6.625 billion overnight across 18 deals and ETB 9.010 billion in 7-day funds across 23 deals. The weighted-average (WA) rates were 13.96% (overnight) and 14.80% (7-day), up 1.9 and 2.8 percentage points from the prior week. Since launch on 31 Oct 2024, cumulative IMM turnover has reached ETB 888.5 billion.
Source - Ethiopian Securities Exchange
@businessinfoeth
For the week of 4–8 Aug 2025, Ethiopia’s interbank money market (IMM) saw two active tenors: overnight and 7-day. Banks traded ETB 6.625 billion overnight across 18 deals and ETB 9.010 billion in 7-day funds across 23 deals. The weighted-average (WA) rates were 13.96% (overnight) and 14.80% (7-day), up 1.9 and 2.8 percentage points from the prior week. Since launch on 31 Oct 2024, cumulative IMM turnover has reached ETB 888.5 billion.
Source - Ethiopian Securities Exchange
@businessinfoeth
Ethiopia eyes 115 mln USD in carbon trading revenue
Ethiopia expects USD 115 million in carbon-credit revenue, the Ethiopian Forest Development (EFD) said, citing two deals: USD 75m with Norway (covering 2018–2022 and 2026) and USD 40m via a World Bank program in Oromia. Ethiopia has previously earned USD 12m from the Bale Eco-region project with Farm Africa.
Source - Ethiopian Herald, World Bank and Ethiopian Forest Development
Full Article - https://telegra.ph/Ethiopia-eyes-115-mln-USD-in-carbon-trading-revenue-08-09
@businessinfoeth
Ethiopia expects USD 115 million in carbon-credit revenue, the Ethiopian Forest Development (EFD) said, citing two deals: USD 75m with Norway (covering 2018–2022 and 2026) and USD 40m via a World Bank program in Oromia. Ethiopia has previously earned USD 12m from the Bale Eco-region project with Farm Africa.
Source - Ethiopian Herald, World Bank and Ethiopian Forest Development
Full Article - https://telegra.ph/Ethiopia-eyes-115-mln-USD-in-carbon-trading-revenue-08-09
@businessinfoeth
The official exchange rates of the Ethiopian Birr against various foreign currencies as of August 9, 2025.
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Manufacturing Sector Edges Past Market Share Target
Ethiopia’s manufacturing sector edged past its 2024/25 domestic market share goal, recording 44.84% vs. a 44.76% plan, up from 40.8% last year. Top performers were manufacturing technology & engineering and food & beverage (both above 100% of target); textile/apparel 97.4%, leather 97.1%, chemicals & construction inputs 98.9%
Source - Addis Fortune, UNDP
https://telegra.ph/Manufacturing-Sector-Edges-Past-Market-Share-Target-08-11
@businessinfoeth
Ethiopia’s manufacturing sector edged past its 2024/25 domestic market share goal, recording 44.84% vs. a 44.76% plan, up from 40.8% last year. Top performers were manufacturing technology & engineering and food & beverage (both above 100% of target); textile/apparel 97.4%, leather 97.1%, chemicals & construction inputs 98.9%
Source - Addis Fortune, UNDP
https://telegra.ph/Manufacturing-Sector-Edges-Past-Market-Share-Target-08-11
@businessinfoeth
The official exchange rates of the Ethiopian Birr against various foreign currencies as of August 11, 2025.
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Habesha Breweries offers shareholders a 5,900 birr per share buyout
Habesha Breweries S.C. has proposed a voluntary buyout to shareholders at ETB 5,900 per share, a 34% premium to an earlier Deloitte valuation, with the offer window extended to 31 August 2025. The move—led by majority owner Bavaria Overseas Breweries—comes as Habesha advances toward registration and trading on the Ethiopian Securities Exchange (ESX).
Source - Capital Ethiopia, Habesha Breweries
Full Article - https://telegra.ph/Habesha-Breweries-offers-shareholders-a-5900-birr-per-share-buyout-08-11
@businessinfoeth
Habesha Breweries S.C. has proposed a voluntary buyout to shareholders at ETB 5,900 per share, a 34% premium to an earlier Deloitte valuation, with the offer window extended to 31 August 2025. The move—led by majority owner Bavaria Overseas Breweries—comes as Habesha advances toward registration and trading on the Ethiopian Securities Exchange (ESX).
Source - Capital Ethiopia, Habesha Breweries
Full Article - https://telegra.ph/Habesha-Breweries-offers-shareholders-a-5900-birr-per-share-buyout-08-11
@businessinfoeth