Ethio Telecom Launches New 2028 Strategy to Expand Digital Services
Ethio Telecom has launched its "Next Horizon" strategic plan for 2025–2028, aiming to become a digital services platform. The plan shifts the company's focus beyond traditional connectivity to include fintech, cloud, cybersecurity, and AI. This new strategy replaces the previous 2022–2025 "LEAD Growth Strategy."
Full Article - https://telegra.ph/Ethio-telecom-Launches-New-2028-Strategy-to-Expand-Digital-Services-08-27
Source - Ethio Telecom
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Ethio Telecom has launched its "Next Horizon" strategic plan for 2025–2028, aiming to become a digital services platform. The plan shifts the company's focus beyond traditional connectivity to include fintech, cloud, cybersecurity, and AI. This new strategy replaces the previous 2022–2025 "LEAD Growth Strategy."
Full Article - https://telegra.ph/Ethio-telecom-Launches-New-2028-Strategy-to-Expand-Digital-Services-08-27
Source - Ethio Telecom
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The official exchange rates of the Ethiopian Birr against various foreign currencies as of August 28, 2025.
Source - Commercial Bank of Ethiopia
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Source - Commercial Bank of Ethiopia
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Modernization of Ethiopia's Cross-Border Money Transfers
The National Bank of Ethiopia has launched a Digital Remittance Ecosystem with EagleLion Technologies and the Commercial Bank of Ethiopia. This new platform aims to modernize cross-border money transfers, ensuring secure and transparent channels. It simplifies sending cash or gifts directly to relatives and expands accessibility for the diaspora
Full Article - https://telegra.ph/Digital-Remittance-Ecosystem-Launched-by-NBE-08-28
Source - Eaglelion Technologies
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The National Bank of Ethiopia has launched a Digital Remittance Ecosystem with EagleLion Technologies and the Commercial Bank of Ethiopia. This new platform aims to modernize cross-border money transfers, ensuring secure and transparent channels. It simplifies sending cash or gifts directly to relatives and expands accessibility for the diaspora
Full Article - https://telegra.ph/Digital-Remittance-Ecosystem-Launched-by-NBE-08-28
Source - Eaglelion Technologies
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Ethiopia’s $2.5 Billion Fertilizer Venture Aims to Transform Agriculture, Reduce Import Dependency
Ethiopian Investment Holdings (EIH), the strategic investment arm of the Government of Ethiopia, and Dangote Group today announced the signing of a comprehensive shareholders’ agreement to develop, construct, and operate a world-class urea fertilizer production complex in Gode, Ethiopia.
Full Article - https://telegra.ph/Ethiopias-25-Billion-Fertilizer-Venture-Aims-to-Transform-Agriculture-Reduce-Import-Dependency-08-28
Source - Ethiopian Investment Holdings
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Ethiopian Investment Holdings (EIH), the strategic investment arm of the Government of Ethiopia, and Dangote Group today announced the signing of a comprehensive shareholders’ agreement to develop, construct, and operate a world-class urea fertilizer production complex in Gode, Ethiopia.
Full Article - https://telegra.ph/Ethiopias-25-Billion-Fertilizer-Venture-Aims-to-Transform-Agriculture-Reduce-Import-Dependency-08-28
Source - Ethiopian Investment Holdings
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Infographics : Wegagen Investment Capital Bank Weekly Brief
Wegagen Investment Capital Bank’s weekly brief (Aug 6–20, 2025) notes a firmer USD/ETB, rising to 141.78, while headline inflation eased to 13.9%. T-bill auctions on Aug 20 (value date Aug 21) cleared at 13.833% (28-day), 14.398% (91-day), 14.930% (181-day), and a sharp uptick to 17.453% (365-day); the OMO on Aug 21 offers a fixed 15% to Sep 4. Interbank activity remained active with easing WA rates (about 12.07% overnight and 13.93% for 7-day), posting weekly declines.
On listings, Wegagen Bank SC and Gedaa Bank SC are quoted at ETB 1,200 and ETB 1,100, respectively. Sector updates include KCB Group exploring up to a 40% stake in an Ethiopian bank under new foreign-investment rules, IE Networks and Liyana Healthcare completing IPO readiness via the World Bank-backed clinic under ECMA.
Source - Wegagen Investment Capital Bank
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Wegagen Investment Capital Bank’s weekly brief (Aug 6–20, 2025) notes a firmer USD/ETB, rising to 141.78, while headline inflation eased to 13.9%. T-bill auctions on Aug 20 (value date Aug 21) cleared at 13.833% (28-day), 14.398% (91-day), 14.930% (181-day), and a sharp uptick to 17.453% (365-day); the OMO on Aug 21 offers a fixed 15% to Sep 4. Interbank activity remained active with easing WA rates (about 12.07% overnight and 13.93% for 7-day), posting weekly declines.
On listings, Wegagen Bank SC and Gedaa Bank SC are quoted at ETB 1,200 and ETB 1,100, respectively. Sector updates include KCB Group exploring up to a 40% stake in an Ethiopian bank under new foreign-investment rules, IE Networks and Liyana Healthcare completing IPO readiness via the World Bank-backed clinic under ECMA.
Source - Wegagen Investment Capital Bank
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Ethiopia Overhauls Corporate Tax with Quarterly Payments and Minimum Levy
Ethiopia’s Ministry of Finance is implementing a significant overhaul of its corporate tax system, introducing mandatory quarterly advance income-tax payments for larger businesses based on the prior year's assessed tax. The new rules, part of the Income Tax (Amendment) Proclamation, also establish a 2.5% minimum alternative tax on annual turnover. For many companies, the first payment under this new system is due in August 2025.
Full Article - https://telegra.ph/Ethiopia-Overhauls-Corporate-Tax-with-Quarterly-Payments-and-Minimum-Levy-08-29
Source - Ministry of Finance
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Ethiopia’s Ministry of Finance is implementing a significant overhaul of its corporate tax system, introducing mandatory quarterly advance income-tax payments for larger businesses based on the prior year's assessed tax. The new rules, part of the Income Tax (Amendment) Proclamation, also establish a 2.5% minimum alternative tax on annual turnover. For many companies, the first payment under this new system is due in August 2025.
Full Article - https://telegra.ph/Ethiopia-Overhauls-Corporate-Tax-with-Quarterly-Payments-and-Minimum-Levy-08-29
Source - Ministry of Finance
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CBE to Adjust Service Fees in September
Effective September 28, 2025, the Commercial Bank of Ethiopia (CBE) will implement a revised service fee schedule, marking its first adjustment to service charges since the previous update on July 26, 2024. CBE said customers will be informed in advance of any upcoming fee modifications, and routine charges for standard services will continue unless explicitly updated.
Source - Commercial Bank of Ethiopia
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Effective September 28, 2025, the Commercial Bank of Ethiopia (CBE) will implement a revised service fee schedule, marking its first adjustment to service charges since the previous update on July 26, 2024. CBE said customers will be informed in advance of any upcoming fee modifications, and routine charges for standard services will continue unless explicitly updated.
Source - Commercial Bank of Ethiopia
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Ethiopia's Capital Market Sees First IPO-Ready Firms Emerge
Two Ethiopian companies, IT solutions provider IE Networks and integrated healthcare firm Liyana Healthcare, have become the first to successfully complete an Initial Public Offering (IPO) readiness assessment by the Ethiopian Capital Market Authority (ECMA)
Source - Ethiopian Capital Market Authority
Full Article - https://telegra.ph/Ethiopias-Capital-Market-Sees-First-IPO-Ready-Firms-Emerge-08-29
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Two Ethiopian companies, IT solutions provider IE Networks and integrated healthcare firm Liyana Healthcare, have become the first to successfully complete an Initial Public Offering (IPO) readiness assessment by the Ethiopian Capital Market Authority (ECMA)
Source - Ethiopian Capital Market Authority
Full Article - https://telegra.ph/Ethiopias-Capital-Market-Sees-First-IPO-Ready-Firms-Emerge-08-29
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The official exchange rates of the Ethiopian Birr against various foreign currencies as of August 30, 2025.
Source - Commercial Bank of Ethiopia
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Source - Commercial Bank of Ethiopia
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Abyssinia Bank Partners with Fastpay to Digitize Remittance Flows
Abyssinia Bank has entered into a strategic partnership with Fastpay LLC to utilize Cybersource, a Visa-owned payment technology, for facilitating global digital remittance services. Announced on August 28, 2025, this collaboration enables Ethiopians abroad to send money directly to recipients in Ethiopia using Visa or MasterCard, offering a faster and fee-free alternative that aims to enhance customer convenience.
Source - Abyssinia Bank
Full Article - https://telegra.ph/Abyssinia-Bank-Partners-with-Fastpay-to-Digitize-Remittance-Flows-08-31
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Abyssinia Bank has entered into a strategic partnership with Fastpay LLC to utilize Cybersource, a Visa-owned payment technology, for facilitating global digital remittance services. Announced on August 28, 2025, this collaboration enables Ethiopians abroad to send money directly to recipients in Ethiopia using Visa or MasterCard, offering a faster and fee-free alternative that aims to enhance customer convenience.
Source - Abyssinia Bank
Full Article - https://telegra.ph/Abyssinia-Bank-Partners-with-Fastpay-to-Digitize-Remittance-Flows-08-31
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Ethiopia Scraps Lending Cap to Unleash 1.3 Trillion Birr and Revive Growth
Ethiopia is set to scrap a long-standing cap on bank lending in September, a move that will unlock an estimated 1.3 trillion birr ($9.06 billion) in potential credit as the nation pivots toward a more market-driven economic policy. This significant policy shift aims to alleviate a severe liquidity crunch that has hampered private sector growth and stalled major investment projects across the Horn of Africa nation.
Source - Ministry of Finance
Full Article - https://telegra.ph/Ethiopia-Scraps-Lending-Cap-to-Unleash-13-Trillion-Birr-and-Revive-Growth-08-31
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Ethiopia is set to scrap a long-standing cap on bank lending in September, a move that will unlock an estimated 1.3 trillion birr ($9.06 billion) in potential credit as the nation pivots toward a more market-driven economic policy. This significant policy shift aims to alleviate a severe liquidity crunch that has hampered private sector growth and stalled major investment projects across the Horn of Africa nation.
Source - Ministry of Finance
Full Article - https://telegra.ph/Ethiopia-Scraps-Lending-Cap-to-Unleash-13-Trillion-Birr-and-Revive-Growth-08-31
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Career Opportunity with Oxfam in Ethiopia
Oxfam GB is seeking a Business Development Manager for its Addis Ababa office to lead resource mobilization and cultivate strategic partnerships. The successful candidate will be based on Bole Airport Road and will be responsible for driving the organization's efforts to secure funding and build key alliances.
Source - OXFAM
Full Article - https://telegra.ph/Career-Opportunity-with-Oxfam-in-Ethiopia-09-01
Application Link - https://jobs.oxfam.org.uk/jobs/vacancy/business-development-manager-int11204/23827/description/
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Oxfam GB is seeking a Business Development Manager for its Addis Ababa office to lead resource mobilization and cultivate strategic partnerships. The successful candidate will be based on Bole Airport Road and will be responsible for driving the organization's efforts to secure funding and build key alliances.
Source - OXFAM
Full Article - https://telegra.ph/Career-Opportunity-with-Oxfam-in-Ethiopia-09-01
Application Link - https://jobs.oxfam.org.uk/jobs/vacancy/business-development-manager-int11204/23827/description/
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The official exchange rates of the Ethiopian Birr against various foreign currencies as of September 1, 2025.
Source - Commercial Bank of Ethiopia
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Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Commercial Bank of Ethiopia (CBE) Unveils 50 Billion Birr Diaspora Loan Plan
The Commercial Bank of Ethiopia (CBE), the nation's largest lender, has announced a 50 billion birr loan facility aimed at bolstering investment from its diaspora community. The initiative is designed to funnel capital into the domestic economy by encouraging overseas Ethiopians to purchase homes, vehicles, and make other investments back home.
Source - Commercial Bank of Ethiopia
Full Article - https://telegra.ph/Commercial-Bank-of-Ethiopia-CBE-Unveils-50-Billion-Birr-Diaspora-Loan-Plan-09-01
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The Commercial Bank of Ethiopia (CBE), the nation's largest lender, has announced a 50 billion birr loan facility aimed at bolstering investment from its diaspora community. The initiative is designed to funnel capital into the domestic economy by encouraging overseas Ethiopians to purchase homes, vehicles, and make other investments back home.
Source - Commercial Bank of Ethiopia
Full Article - https://telegra.ph/Commercial-Bank-of-Ethiopia-CBE-Unveils-50-Billion-Birr-Diaspora-Loan-Plan-09-01
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Ethiopian Insurance Corp. Premium Income Surges Amidst Rising Claims
Ethiopian Insurance Corporation (EIC), the state-owned insurer, reported a significant increase in gross premium revenue to 13.3 billion Birr for the 2024/25 fiscal year, demonstrating robust growth in a developing market. The company's performance highlights the expanding role of insurance in Ethiopia's economy as businesses and individuals increasingly seek protection against financial risks.
Source - Ethiopian Insurance Corporation (EIC)
Full Article - https://telegra.ph/Ethiopian-Insurance-Corp-Premium-Income-Surges-Amidst-Rising-Claims-09-02
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Ethiopian Insurance Corporation (EIC), the state-owned insurer, reported a significant increase in gross premium revenue to 13.3 billion Birr for the 2024/25 fiscal year, demonstrating robust growth in a developing market. The company's performance highlights the expanding role of insurance in Ethiopia's economy as businesses and individuals increasingly seek protection against financial risks.
Source - Ethiopian Insurance Corporation (EIC)
Full Article - https://telegra.ph/Ethiopian-Insurance-Corp-Premium-Income-Surges-Amidst-Rising-Claims-09-02
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Ethiopia's Logistics Giant Moves Into Rail
Ethiopian Shipping and Logistics (ESL) is expanding into the railway sector, a strategic move to become a fully integrated multimodal provider. The state-owned enterprise aims to control freight flows from sea to final destination, tightening its grip on Ethiopia’s vital trade corridors.
Source - Capital Ethiopia
Full Article - https://telegra.ph/Ethiopias-Logistics-Giant-Moves-Into-Rail-09-02
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Ethiopian Shipping and Logistics (ESL) is expanding into the railway sector, a strategic move to become a fully integrated multimodal provider. The state-owned enterprise aims to control freight flows from sea to final destination, tightening its grip on Ethiopia’s vital trade corridors.
Source - Capital Ethiopia
Full Article - https://telegra.ph/Ethiopias-Logistics-Giant-Moves-Into-Rail-09-02
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The official exchange rates of the Ethiopian Birr against various foreign currencies as of September 2, 2025.
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Ethiopia to Host High-Level Talks on Green Finance at Africa Climate Summit
Key financial policymakers and investors will convene at the Africa Climate Summit 2 to map out a strategy for greening Ethiopia’s nascent capital markets. The high-level session, scheduled for September 9, 2025, aims to establish avenues for attracting climate-focused investment and strengthening market accountability through improved environmental reporting standards.
Source - FSD Ethiopia
Full Article - https://telegra.ph/Ethiopia-to-Host-High-Level-Talks-on-Green-Finance-at-Africa-Climate-Summit-09-02
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Key financial policymakers and investors will convene at the Africa Climate Summit 2 to map out a strategy for greening Ethiopia’s nascent capital markets. The high-level session, scheduled for September 9, 2025, aims to establish avenues for attracting climate-focused investment and strengthening market accountability through improved environmental reporting standards.
Source - FSD Ethiopia
Full Article - https://telegra.ph/Ethiopia-to-Host-High-Level-Talks-on-Green-Finance-at-Africa-Climate-Summit-09-02
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A market bulletin from the Ethiopia Commodity Exchange (ECX) showing the Daily Commodity Trade Data for September 2, 2025.
Source - Ethiopia Commodity Exchange
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Source - Ethiopia Commodity Exchange
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The official exchange rates of the Ethiopian Birr against various foreign currencies as of September 3, 2025.
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Source - Commercial Bank of Ethiopia
@BusinessInfoEth