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
@businessinfoeth
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
@businessinfoeth
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
@businessinfoeth
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
@businessinfoeth
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
@businessinfoeth
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
@businessinfoeth
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
@businessinfoeth
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
@businessinfoeth
A market bulletin from the Ethiopia Commodity Exchange (ECX) showing the Daily Commodity Trade Data for September 2, 2025.
Source - Ethiopia Commodity Exchange
@businessinfoeth
Source - Ethiopia Commodity Exchange
@businessinfoeth
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
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
@Businessinfoeth
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
@Businessinfoeth
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
@businessinfoeth
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
@businessinfoeth
A market bulletin from the Ethiopia Commodity Exchange (ECX) showing the Daily Commodity Trade Data for September 3, 2025.
Source - Ethiopia Commodity Exchange
@businessinfoeth
Source - Ethiopia Commodity Exchange
@businessinfoeth
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
@businessinfoeth
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
@businessinfoeth
Unsure how to start with AI?
Our AI Readiness, Implementation & Strategic Execution Framework guides you every step of the way.
Assess your AI readiness, implement solutions with confidence, align AI with your strategic goals, and future-proof your business for competitive growth.
Get started today! Available now on:
Flevy: AI Readiness, Implementation and Strategic Execution Framework
https://shorturl.at/rSeus
Our AI Readiness, Implementation & Strategic Execution Framework guides you every step of the way.
Assess your AI readiness, implement solutions with confidence, align AI with your strategic goals, and future-proof your business for competitive growth.
Get started today! Available now on:
Flevy: AI Readiness, Implementation and Strategic Execution Framework
https://shorturl.at/rSeus
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
@businessinfoeth
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
@businessinfoeth
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
@businessinfoeth
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
@businessinfoeth
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
@businessinfoeth
The official exchange rates of the Ethiopian Birr against various foreign currencies as of September 5, 2025.
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
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
@businessinfoeth
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
@businessinfoeth
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
@businessinfoeth
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
@businessinfoeth
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
@Businessinfoeth
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
@Businessinfoeth
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
@businessinfoeth
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
@businessinfoeth