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
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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
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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
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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
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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
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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
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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
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Ethiopia's Mega-Dam Cost Nears Triple Its Original Budget
The total cost for the Grand Ethiopian Renaissance Dam (GERD) has surged to over 233 billion Birr, a significant increase from its initial estimate. According to the project's owner, Ethiopian Electric Power, the current expenditure is nearly three times the 80 billion Birr, or roughly $4 billion, that was first budgeted for the massive hydroelectric project
Full Article - https://telegra.ph/Ethiopias-Mega-Dam-Cost-Nears-Triple-Its-Original-Budget-09-06
Source - Bloomberg
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The total cost for the Grand Ethiopian Renaissance Dam (GERD) has surged to over 233 billion Birr, a significant increase from its initial estimate. According to the project's owner, Ethiopian Electric Power, the current expenditure is nearly three times the 80 billion Birr, or roughly $4 billion, that was first budgeted for the massive hydroelectric project
Full Article - https://telegra.ph/Ethiopias-Mega-Dam-Cost-Nears-Triple-Its-Original-Budget-09-06
Source - Bloomberg
@businessinfoeth
Ethiopia Inflation Eases Slightly in August to 13.6%
Ethiopia's annual inflation rate edged lower for the second consecutive month in August of the 2017 Ethiopian Fiscal Year, registering 13.6%, a slight decrease from the 13.7% recorded in July.
Full Article - https://telegra.ph/Ethiopia-Inflation-Eases-Slightly-in-August-to-136-09-06
Source - Ethiopian Statistical Services
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Ethiopia's annual inflation rate edged lower for the second consecutive month in August of the 2017 Ethiopian Fiscal Year, registering 13.6%, a slight decrease from the 13.7% recorded in July.
Full Article - https://telegra.ph/Ethiopia-Inflation-Eases-Slightly-in-August-to-136-09-06
Source - Ethiopian Statistical Services
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The official exchange rates of the Ethiopian Birr against various foreign currencies as of September 8, 2025.
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Investors Stay Close to Cash: Short Tenors Dominate July–August Auctions
Ethiopia's Treasury-bill auctions in July–August revealed a stark demand imbalance, as investors aggressively pursued short-term debt. While 28 and 91-day bills were heavily oversubscribed, the 364-day tenor was consistently undersubscribed, signaling a clear investor preference for liquidity and aversion to duration.
Source - Ministry of Finance
Full Article - https://telegra.ph/Investors-Stay-Close-to-Cash-Short-Tenors-Dominate-JulyAugust-Auctions-09-08
@BusinessInfoEth
Ethiopia's Treasury-bill auctions in July–August revealed a stark demand imbalance, as investors aggressively pursued short-term debt. While 28 and 91-day bills were heavily oversubscribed, the 364-day tenor was consistently undersubscribed, signaling a clear investor preference for liquidity and aversion to duration.
Source - Ministry of Finance
Full Article - https://telegra.ph/Investors-Stay-Close-to-Cash-Short-Tenors-Dominate-JulyAugust-Auctions-09-08
@BusinessInfoEth
Wegagen Bank to Hold 32nd Shareholder Assembly
Wegagen Bank S.C. will hold its 32nd regular General Assembly on Tuesday, October 7, 2025, in Addis Ababa. The meeting, which will take place at the Hilton Hotel at 8:30 a.m. local time, will address key corporate matters including the approval of new shareholders and share transfers.
Source - Wegagen Bank
Full Article - https://telegra.ph/Wegagen-Bank-to-Hold-32nd-Shareholder-Assembly-09-08
@BusinessInfoEth
Wegagen Bank S.C. will hold its 32nd regular General Assembly on Tuesday, October 7, 2025, in Addis Ababa. The meeting, which will take place at the Hilton Hotel at 8:30 a.m. local time, will address key corporate matters including the approval of new shareholders and share transfers.
Source - Wegagen Bank
Full Article - https://telegra.ph/Wegagen-Bank-to-Hold-32nd-Shareholder-Assembly-09-08
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Ethiopia Inaugurates Grand Ethiopian Renaissance Dam
Ethiopia officially announced the inauguration of the Grand Ethiopian Renaissance Dam (GERD) on September 9, 2025, marking the completion of Africa's largest hydroelectric project. The 5,000-megawatt facility is expected to double the country's electricity generation capacity after 14 years of construction.
Full Article - https://telegra.ph/Ethiopia-Inaugurates-5000-MW-Dam-to-Power-Economy-09-09
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Ethiopia officially announced the inauguration of the Grand Ethiopian Renaissance Dam (GERD) on September 9, 2025, marking the completion of Africa's largest hydroelectric project. The 5,000-megawatt facility is expected to double the country's electricity generation capacity after 14 years of construction.
Full Article - https://telegra.ph/Ethiopia-Inaugurates-5000-MW-Dam-to-Power-Economy-09-09
@BusinessInfoEth
IFC's Landmark Local Currency Loan Bolsters Ethiopian Small Businesses
The International Finance Corporation (IFC) has announced its first-ever local currency loan to a financial institution in Ethiopia, a landmark move aimed at spurring economic growth by supporting micro, small, and medium-sized enterprises (MSMEs). The deal, totaling a $10 million equivalent loan in Ethiopian birr to VisionFund Microfinance Institution, is the initial tranche of a planned $30 million commitment
Source - IFC
Full Article - https://telegra.ph/IFCs-Landmark-Local-Currency-Loan-Bolsters-Ethiopian-Small-Businesses-09-09
@BusinessInfoEth
The International Finance Corporation (IFC) has announced its first-ever local currency loan to a financial institution in Ethiopia, a landmark move aimed at spurring economic growth by supporting micro, small, and medium-sized enterprises (MSMEs). The deal, totaling a $10 million equivalent loan in Ethiopian birr to VisionFund Microfinance Institution, is the initial tranche of a planned $30 million commitment
Source - IFC
Full Article - https://telegra.ph/IFCs-Landmark-Local-Currency-Loan-Bolsters-Ethiopian-Small-Businesses-09-09
@BusinessInfoEth
PM Abiy Announces Nuclear Energy Initiative to Complement GERD
Ethiopia is set to embark on a major nuclear energy initiative, a move aimed at diversifying the nation’s power sources and accelerating its technological development. The plan, announced by Prime Minister Abiy Ahmed during a ceremony at the Grand Ethiopian Renaissance Dam (GERD)...
Source - Official Speech at GERD
Full Article - https://telegra.ph/PM-Abiy-Announces-Nuclear-Energy-Initiative-to-Complement-GERD-09-09
@BusinessInfoEth
Ethiopia is set to embark on a major nuclear energy initiative, a move aimed at diversifying the nation’s power sources and accelerating its technological development. The plan, announced by Prime Minister Abiy Ahmed during a ceremony at the Grand Ethiopian Renaissance Dam (GERD)...
Source - Official Speech at GERD
Full Article - https://telegra.ph/PM-Abiy-Announces-Nuclear-Energy-Initiative-to-Complement-GERD-09-09
@BusinessInfoEth
Safaricom Deepens Ethiopia Push With M-PESA Global Payments Hire
Safaricom Plc’s Ethiopian unit is accelerating its push into the lucrative remittances market, seeking a product manager to lead the expansion of its M-PESA international money transfer and global payments business
Source - Safaricom
Full Article - https://telegra.ph/Safaricom-Deepens-Ethiopia-Push-With-M-PESA-Global-Payments-Hire-09-09
@businessinfoeth
Safaricom Plc’s Ethiopian unit is accelerating its push into the lucrative remittances market, seeking a product manager to lead the expansion of its M-PESA international money transfer and global payments business
Source - Safaricom
Full Article - https://telegra.ph/Safaricom-Deepens-Ethiopia-Push-With-M-PESA-Global-Payments-Hire-09-09
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Ethiopia Taps Nigerian Expertise to Boost Infrastructure Finance
The Ethiopian Capital Market Authority (ECMA) and Nigeria's InfraCredit have signed a Memorandum of Understanding (MoU) to establish a credit guarantee facility in Ethiopia. This partnership aims to unlock long-term local currency financing for critical infrastructure projects by mitigating risk for investors
Source - Ethiopian Capital Market Authority
Full Article - https://telegra.ph/Ethiopia-Taps-Nigerian-Expertise-to-Boost-Infrastructure-Finance-09-10
The Ethiopian Capital Market Authority (ECMA) and Nigeria's InfraCredit have signed a Memorandum of Understanding (MoU) to establish a credit guarantee facility in Ethiopia. This partnership aims to unlock long-term local currency financing for critical infrastructure projects by mitigating risk for investors
Source - Ethiopian Capital Market Authority
Full Article - https://telegra.ph/Ethiopia-Taps-Nigerian-Expertise-to-Boost-Infrastructure-Finance-09-10
Ethiopia Partners with Africa50 to Scale Up Green Infrastructure
Ethiopia is accelerating its push for private investment in green infrastructure, strengthening partnerships with investment platform Africa50 and advisory firm Cygnum Capital. Led by the Ministry of Finance, the collaboration aims to utilize the...
Source - Ministry of Finance
Full Article - https://telegra.ph/Ethiopia-Partners-with-Africa50-to-Scale-Up-Green-Infrastructure-09-10
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Ethiopia is accelerating its push for private investment in green infrastructure, strengthening partnerships with investment platform Africa50 and advisory firm Cygnum Capital. Led by the Ministry of Finance, the collaboration aims to utilize the...
Source - Ministry of Finance
Full Article - https://telegra.ph/Ethiopia-Partners-with-Africa50-to-Scale-Up-Green-Infrastructure-09-10
@businessinfoeth
Africa Climate Summit Ends With Billions Pledged for Local Action
The second Africa Climate Summit concluded with the adoption of the Addis Ababa Declaration and the launch of two major financing initiatives aimed at channeling billions of dollars into climate action across the continent.
Source - Africa Climate Summit
Full Article - https://telegra.ph/Africa-Climate-Summit-Ends-With-Billions-Pledged-for-Local-Action-09-12
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The second Africa Climate Summit concluded with the adoption of the Addis Ababa Declaration and the launch of two major financing initiatives aimed at channeling billions of dollars into climate action across the continent.
Source - Africa Climate Summit
Full Article - https://telegra.ph/Africa-Climate-Summit-Ends-With-Billions-Pledged-for-Local-Action-09-12
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Ethiopia Raises Capital Bar for Coffee Exporters to Bolster Sector
Ethiopia is raising the financial bar for its crucial coffee export sector, issuing a new directive that requires business associations to show 20 million Birr in initial capital to qualify for an exporter’s certificate of competence. The measure is designed to ensure that new entrants into the market are well-capitalized and capable of handling the operational demands of international trade.
Source - Ethiopian Coffee and Tea Authority
Full Article - https://telegra.ph/Ethiopia-Raises-Capital-Bar-for-Coffee-Exporters-to-Bolster-Sector-09-12
@businessinfoeth
Ethiopia is raising the financial bar for its crucial coffee export sector, issuing a new directive that requires business associations to show 20 million Birr in initial capital to qualify for an exporter’s certificate of competence. The measure is designed to ensure that new entrants into the market are well-capitalized and capable of handling the operational demands of international trade.
Source - Ethiopian Coffee and Tea Authority
Full Article - https://telegra.ph/Ethiopia-Raises-Capital-Bar-for-Coffee-Exporters-to-Bolster-Sector-09-12
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The official exchange rates of the Ethiopian Birr against various foreign currencies as of September 12, 2025.
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Source - Commercial Bank of Ethiopia
@BusinessInfoEth