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
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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
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Source - Commercial Bank of Ethiopia
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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Source - Commercial Bank of Ethiopia
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Zemen Bank Joins EIB Program to Champion Green Finance in Ethiopia
Zemen Bank has signed a technical assistance agreement with the European Investment Bank (EIB) to bolster its capacity in climate finance and environmental risk management. The partnership, part of the EIB's "Greening Financial Systems Program," will provide Zemen Bank with tailored support to integrate climate-related risks into its business strategies and daily operations.
Source - Zemen Bank
Full Article - https://telegra.ph/Zemen-Bank-Joins-EIB-Program-to-Champion-Green-Finance-in-Ethiopia-09-13
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Zemen Bank has signed a technical assistance agreement with the European Investment Bank (EIB) to bolster its capacity in climate finance and environmental risk management. The partnership, part of the EIB's "Greening Financial Systems Program," will provide Zemen Bank with tailored support to integrate climate-related risks into its business strategies and daily operations.
Source - Zemen Bank
Full Article - https://telegra.ph/Zemen-Bank-Joins-EIB-Program-to-Champion-Green-Finance-in-Ethiopia-09-13
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The official exchange rates of the Ethiopian Birr against various foreign currencies as of September 13, 2025.
Source - Commercial Bank of Ethiopia
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Source - Commercial Bank of Ethiopia
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Ethiopia Launches Next Phase of Agricultural Commercialization Program
Ethiopia has officially launched the second phase of its flagship Agricultural Commercialization Clusters (ACC) Program, a climate-smart and inclusive initiative aimed at transforming the nation's agri-food sector. The program, known as ACC II, began implementation in July 2025 across nine regions, targeting 18 selected commodities.
Source - Agricultural Transformation Institute
Full Article - https://telegra.ph/Ethiopia-Launches-Next-Phase-of-Agricultural-Commercialization-Program-09-13
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Ethiopia has officially launched the second phase of its flagship Agricultural Commercialization Clusters (ACC) Program, a climate-smart and inclusive initiative aimed at transforming the nation's agri-food sector. The program, known as ACC II, began implementation in July 2025 across nine regions, targeting 18 selected commodities.
Source - Agricultural Transformation Institute
Full Article - https://telegra.ph/Ethiopia-Launches-Next-Phase-of-Agricultural-Commercialization-Program-09-13
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Equity Bank Signals Imminent Entry into Ethiopian Market
Kenyan financial giant Equity Bank is moving forward with plans to enter Ethiopia’s recently liberalized banking sector, signaling a major milestone for the nation's economic reforms.
Source - Ethiopian Investment Commission
Full Article - https://telegra.ph/Equity-Bank-Signals-Imminent-Entry-into-Ethiopian-Market-09-13
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Kenyan financial giant Equity Bank is moving forward with plans to enter Ethiopia’s recently liberalized banking sector, signaling a major milestone for the nation's economic reforms.
Source - Ethiopian Investment Commission
Full Article - https://telegra.ph/Equity-Bank-Signals-Imminent-Entry-into-Ethiopian-Market-09-13
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Ethiopia's Capital Market Faces Critical Registration Deadline
Ethiopia's emerging capital market is rapidly approaching a crucial deadline that will require hundreds of share companies to formally register with the Ethiopian Capital Market Authority (ECMA) by November 13, 2025.
Source - Ethiopian Capital Market Authority
Full Article - https://telegra.ph/Ethiopias-Capital-Market-Faces-Critical-Registration-Deadline-09-13
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Ethiopia's emerging capital market is rapidly approaching a crucial deadline that will require hundreds of share companies to formally register with the Ethiopian Capital Market Authority (ECMA) by November 13, 2025.
Source - Ethiopian Capital Market Authority
Full Article - https://telegra.ph/Ethiopias-Capital-Market-Faces-Critical-Registration-Deadline-09-13
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