Eyob Tekalign Tapped to Lead Ethiopia’s Central Bank

Dr. Eyob Tekalign, a State Minister of Finance and a central figure in Ethiopia's recent economic reforms, has been appointed as the new Governor of the National Bank of Ethiopia (NBE). The appointment signals a commitment to policy continuity, placing a seasoned negotiator with deep ties to international financial institutions at the helm of the central bank at a critical juncture for the nation's economy.

Full Article - https://telegra.ph/Eyob-Tekalign-Tapped-to-Lead-Ethiopias-Central-Bank-09-19

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CBE to Halt Digital Services for Major System Upgrade

The Commercial Bank of Ethiopia (CBE), the nation's largest bank, will suspend all digital and core banking services for over 12 hours for a major system overhaul on Sunday and Monday.

Full Article - https://telegra.ph/CBE-to-Halt-Digital-Services-for-Major-System-Upgrade-09-20

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ESX Appoints New Board to Guide Post-Launch Growth

The Ethiopian Securities Exchange (ESX) has appointed an 11-member board of directors, establishing a permanent governance structure to steer the market's next phase of development following its recent operational launch.

Full Article - https://telegra.ph/ESX-Appoints-New-Board-to-Guide-Post-Launch-Growth-09-20

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Career Opportunity: Digital Financial Services Officer

Nisir Microfinance S.C seeks a DFS Officer in Addis Ababa to support digital operations, monitor performance, handle customer/branch inquiries, and boost DFS penetration.

Requirements:

✍BA in Accounting, Management, or related field
✍Minimum 2 years’ relevant experience
✍Strong analytical, problem-solving, and MS Office skills

Deadline: September 27, 2025 (5:00 PM)
Apply: Send your application to [email protected] with the job title in the subject line.

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The official exchange rates of the Ethiopian Birr against various foreign currencies as of September 22, 2025.

Source - Commercial Bank of Ethiopia

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Ethiopia Bets on Maritime Muscle With Six-Ship Fleet Expansion

Ethiopia is making a significant investment in its maritime capabilities, acquiring six new cargo ships to bolster the national fleet and assert greater control over its trade logistics. The state-owned Ethiopian Shipping and Logistics Services Enterprise (ESLSE) confirmed the phased acquisition...

Full Article - https://telegra.ph/Ethiopia-Bets-on-Maritime-Muscle-With-Six-Ship-Fleet-Expansion-09-22

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Canal+ Forges Africa Media Giant With MultiChoice Takeover

French media group Canal+ has secured effective control of MultiChoice Group, finalizing a landmark transaction that creates a continental pay-TV powerhouse with over 40 million subscribers across nearly 70 countries. The deal, Canal+'s largest to date, reshapes Africa's media landscape by merging Canal+'s strength in Francophone Africa with MultiChoice's dominance in English- and Portuguese-speaking markets, establishing an entity with unmatched scale on the continent.

Full Article - https://telegra.ph/Canal-Forges-Africa-Media-Giant-With-MultiChoice-Takeover-09-22

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The official exchange rates of the Ethiopian Birr against various foreign currencies as of September 22, 2025.

Source - Commercial Bank of Ethiopia
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Ethiopia in Debt Distress as IMF, World Bank Sound Alarm

Ethiopia is officially in "debt distress" after failing to make a $33 million Eurobond coupon payment in December 2023, according to a joint assessment by the World Bank and the International Monetary Fund (IMF), which warns the nation's external debt is now "unsustainable."

Full Article - https://telegra.ph/Ethiopia-in-Debt-Distress-as-IMF-World-Bank-Sound-Alarm-09-23-2
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Ethiopia Mandates University Job Centers to Curb Graduate Glut

Ethiopia's Ministry of Education has ordered all universities to establish mandatory Employment & Entrepreneurship Development Centers within six months, a direct response to the country's mounting graduate unemployment crisis.

Full Article - https://telegra.ph/Ethiopia-Mandates-University-Job-Centers-to-Curb-Graduate-Glut-09-23
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The official exchange rates of the Ethiopian Birr against various foreign currencies as of September 24, 2025.

Source - Commercial Bank of Ethiopia
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Career Opportunity with the British Office Sudan

The British Office Sudan (BOS) is hiring a Programme Manager (HEO, 12-month contract, based in Addis Ababa) to manage development programmes for Sudan.

Full Article - https://telegra.ph/Career-Opportunity-with-the-British-Office-Sudan-09-24
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NBE to Launch Fintech Sandbox by Year-End to Spur Innovation

The National Bank of Ethiopia (NBE) is set to launch a regulatory sandbox by the end of 2025, a landmark initiative designed to accelerate financial technology innovation in a controlled environment.

Full Article - https://telegra.ph/NBE-to-Launch-Fintech-Sandbox-by-Year-End-to-Spur-Innovation-09-24

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Career Opportunity with Mastercard Foundation

Mastercard Foundation is hiring a Lead, Finance Operations (Full-time) to support financial planning, operational excellence, and performance management across Africa.

Full Article - https://telegra.ph/Career-Opportunity-with-Mastercard-Foundation-09-25

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The official exchange rates of the Ethiopian Birr against various foreign currencies as of September 25, 2025.

Source - Commercial Bank of Ethiopia
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Ethiopia Joins ‘Mission 300’ to Fast-Track Power Connections

Ethiopia has joined 16 other African nations in a major World Bank and African Development Bank-led initiative to connect 300 million people to electricity by 2030, a massive undertaking aimed at closing the continent's vast energy gap.

Full Article - https://telegra.ph/Ethiopia-Joins-Mission-300-to-Fast-Track-Power-Connections-09-25

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ECX Goes Digital With 12.5 Billion Birr E-Payment System Launch

The Ethiopia Commodity Exchange (ECX) has launched a new electronic payment system, a major milestone in its push to modernize the country's agricultural trading infrastructure and enhance market efficiency.

Full Article - https://telegra.ph/ECX-Goes-Digital-With-125-Billion-Birr-E-Payment-System-Launch-09-25

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Ethiopia Taps Rosatom for First Nuclear Plant in Hydro Pivot

Ethiopia signed a cooperation roadmap with Russia's state-owned Rosatom on Sept. 25 to develop its first nuclear power plant, a landmark pivot to diversify an energy grid almost entirely dependent on hydropower

Full Article - https://telegra.ph/Ethiopia-Taps-Rosatom-for-First-Nuclear-Plant-in-Hydro-Pivot-09-26

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