Ethiopia Awards First Private Switch License to Arifpay
The National Bank of Ethiopia (NBE) has licensed Arifpay Financial Technologies S.C. as the country's first private payment switch operator, a landmark decision aimed at accelerating the modernization of Ethiopia's digital payments landscape.
https://telegra.ph/Ethiopia-Awards-First-Private-Switch-License-to-Arifpay-09-30
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The National Bank of Ethiopia (NBE) has licensed Arifpay Financial Technologies S.C. as the country's first private payment switch operator, a landmark decision aimed at accelerating the modernization of Ethiopia's digital payments landscape.
https://telegra.ph/Ethiopia-Awards-First-Private-Switch-License-to-Arifpay-09-30
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Wegagen Capital Approves 1 Billion Birr Capital Hike
Wegagen Capital Investment Bank shareholders have approved an ambitious plan to more than double paid-up capital to one billion birr from 385 million birr, a strategic move to build a formidable balance sheet for Ethiopia’s new capital market.
https://telegra.ph/Wegagen-Capital-Approves-1-Billion-Birr-Capital-Hike-10-01
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Wegagen Capital Investment Bank shareholders have approved an ambitious plan to more than double paid-up capital to one billion birr from 385 million birr, a strategic move to build a formidable balance sheet for Ethiopia’s new capital market.
https://telegra.ph/Wegagen-Capital-Approves-1-Billion-Birr-Capital-Hike-10-01
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The official exchange rates of the Ethiopian Birr against various foreign currencies as of October 01, 2025.
Source - Commercial Bank of Ethiopia
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Source - Commercial Bank of Ethiopia
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Ethiopia to Raise 243 Billion Birr in Q4 T-Bill Auctions
Ethiopia's Ministry of Finance plans to raise 243.05 billion birr ($4.26 billion) through Treasury bill auctions in the final quarter of 2025, a significant ramp-up in domestic borrowing as it seeks to finance its budget without direct advances from the central bank.
https://telegra.ph/Ethiopia-to-Raise-243-Billion-Birr-in-Q4-T-Bill-Auctions-10-01
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Ethiopia's Ministry of Finance plans to raise 243.05 billion birr ($4.26 billion) through Treasury bill auctions in the final quarter of 2025, a significant ramp-up in domestic borrowing as it seeks to finance its budget without direct advances from the central bank.
https://telegra.ph/Ethiopia-to-Raise-243-Billion-Birr-in-Q4-T-Bill-Auctions-10-01
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Career Opportunity with World Bank
The World Bank is hiring a Financial Sector Specialist for its Addis Ababa office (local recruitment, 3-year term). The role focuses on supporting Ethiopia’s financial sector reforms, including financial stability, inclusion, and sector deepening, while contributing to lending projects, advisory services, and policy dialogue.
https://telegra.ph/Career-Opportunity-with-World-Bank-10-01
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The World Bank is hiring a Financial Sector Specialist for its Addis Ababa office (local recruitment, 3-year term). The role focuses on supporting Ethiopia’s financial sector reforms, including financial stability, inclusion, and sector deepening, while contributing to lending projects, advisory services, and policy dialogue.
https://telegra.ph/Career-Opportunity-with-World-Bank-10-01
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Ethiopia Expands Capital Market, Licensing 11th Service Provider
The ECMA has granted an investment banking license to First Addis Investment Bank PLC, and securities investment advisor licenses to Ignite Capital PLC and Zuri Capital S.C.
https://telegra.ph/Ethiopia-Expands-Capital-Market-Licensing-11th-Service-Provider-10-01
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The ECMA has granted an investment banking license to First Addis Investment Bank PLC, and securities investment advisor licenses to Ignite Capital PLC and Zuri Capital S.C.
https://telegra.ph/Ethiopia-Expands-Capital-Market-Licensing-11th-Service-Provider-10-01
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The official exchange rates of the Ethiopian Birr against various foreign currencies as of October 02, 2025.
Source - Commercial Bank of Ethiopia
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Source - Commercial Bank of Ethiopia
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Ethiopia Holds Fuel Prices Steady, Tweaks Aviation Fuel Rate
The Ethiopian government will maintain retail fuel prices for the month of October, a move aimed at easing pressure on consumers and transport costs amid persistent inflation. The Ministry of Trade and Regional Integration announced...
https://telegra.ph/Ethiopia-Holds-Fuel-Prices-Steady-Tweaks-Aviation-Fuel-Rate-10-02
The Ethiopian government will maintain retail fuel prices for the month of October, a move aimed at easing pressure on consumers and transport costs amid persistent inflation. The Ministry of Trade and Regional Integration announced...
https://telegra.ph/Ethiopia-Holds-Fuel-Prices-Steady-Tweaks-Aviation-Fuel-Rate-10-02
CBE Aborts Steep Mobile Transfer Fee Hike After Backlash
The Commercial Bank of Ethiopia (CBE), the country's largest financial institution, has abruptly reversed a significant fee increase for mobile banking transfers to other banks following immediate and widespread customer backlash. The proposed hike, which introduced a flat 50 birr charge on...
https://telegra.ph/CBE-Aborts-Steep-Mobile-Transfer-Fee-Hike-After-Backlash-10-02
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The Commercial Bank of Ethiopia (CBE), the country's largest financial institution, has abruptly reversed a significant fee increase for mobile banking transfers to other banks following immediate and widespread customer backlash. The proposed hike, which introduced a flat 50 birr charge on...
https://telegra.ph/CBE-Aborts-Steep-Mobile-Transfer-Fee-Hike-After-Backlash-10-02
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Career Opportunity with International Water Management Institute (IWMI)
IWMI is seeking a Research Officer II – Scaling Solar in Agriculture in Addis Ababa to support the SoLAR Phase 2 project. The role involves conducting research on solar energy systems for agriculture, analyzing policy and regulatory frameworks, supporting stakeholder engagement, building capacity, and disseminating knowledge to enable responsible scaling of climate-smart solutions. The officer will also support technical assistance to government, private sector, and implementing partners.
https://telegra.ph/Career-Opportunity-with-International-Water-Management-Institute-IWMI-10-02
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IWMI is seeking a Research Officer II – Scaling Solar in Agriculture in Addis Ababa to support the SoLAR Phase 2 project. The role involves conducting research on solar energy systems for agriculture, analyzing policy and regulatory frameworks, supporting stakeholder engagement, building capacity, and disseminating knowledge to enable responsible scaling of climate-smart solutions. The officer will also support technical assistance to government, private sector, and implementing partners.
https://telegra.ph/Career-Opportunity-with-International-Water-Management-Institute-IWMI-10-02
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The official exchange rates of the Ethiopian Birr against various foreign currencies as of October 03, 2025.
Source - Commercial Bank of Ethiopia
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Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Ethiopia Taps Dangote, GCL for Fertilizer and Oil Plants
Ethiopia has broken ground on a major fertilizer plant and an oil refinery in the Somali region, landmark projects backed by Nigeria's Dangote Group and China's Golden Concord Group (GCL) aimed at slashing the nation's heavy reliance on imported agricultural and energy inputs. The two projects are a cornerstone of the government's strategy to leverage domestic natural gas reserves to reduce its multi-billion-dollar foreign exchange bill for fertiliser and fuel.
Full Article - https://telegra.ph/Ethiopia-Taps-Dangote-GCL-for-Fertilizer-and-Oil-Plants-10-03
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Ethiopia has broken ground on a major fertilizer plant and an oil refinery in the Somali region, landmark projects backed by Nigeria's Dangote Group and China's Golden Concord Group (GCL) aimed at slashing the nation's heavy reliance on imported agricultural and energy inputs. The two projects are a cornerstone of the government's strategy to leverage domestic natural gas reserves to reduce its multi-billion-dollar foreign exchange bill for fertiliser and fuel.
Full Article - https://telegra.ph/Ethiopia-Taps-Dangote-GCL-for-Fertilizer-and-Oil-Plants-10-03
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Ethiopia Captures Just 22% of Potential Diaspora Remittances
Ethiopia captured only $7.2 billion in formal remittance inflows in 2024, a figure the Commercial Bank of Ethiopia (CBE) estimates is just 22% of the country's total potential, with the vast majority of transfers bypassing official channels.
https://telegra.ph/Ethiopia-Captures-Just-22-of-Potential-Diaspora-Remittances-10-03
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Ethiopia captured only $7.2 billion in formal remittance inflows in 2024, a figure the Commercial Bank of Ethiopia (CBE) estimates is just 22% of the country's total potential, with the vast majority of transfers bypassing official channels.
https://telegra.ph/Ethiopia-Captures-Just-22-of-Potential-Diaspora-Remittances-10-03
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Ethiopia Aims to Launch Youth Investment Bank to Tackle Job Crisis
Ethiopia aims to launch a new Youth Entrepreneurs Investment Bank (YEIB), a specialized financial institution designed to address the country's severe youth unemployment crisis by providing patient capital to startups. The initiative, a partnership between the Ministry of Labour and Skills, Ethiopian Investment Holdings (EIH), and the African Development Bank (AfDB), represents a strategic shift from traditional debt-based support to direct equity investment in youth-led enterprises.
https://telegra.ph/Ethiopia-Launches-Youth-Investment-Bank-to-Tackle-Job-Crisis-10-04
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Ethiopia aims to launch a new Youth Entrepreneurs Investment Bank (YEIB), a specialized financial institution designed to address the country's severe youth unemployment crisis by providing patient capital to startups. The initiative, a partnership between the Ministry of Labour and Skills, Ethiopian Investment Holdings (EIH), and the African Development Bank (AfDB), represents a strategic shift from traditional debt-based support to direct equity investment in youth-led enterprises.
https://telegra.ph/Ethiopia-Launches-Youth-Investment-Bank-to-Tackle-Job-Crisis-10-04
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Ethiopia Details Public Sector Pay Rise to Offset Inflation
Ethiopia's government has issued a detailed directive for a sweeping salary scale adjustment for all federal civil servants, a critical move aimed at cushioning public sector employees from the severe impacts of sustained high inflation.
https://telegra.ph/Ethiopia-Details-Public-Sector-Pay-Rise-to-Offset-Inflation-10-04
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Ethiopia's government has issued a detailed directive for a sweeping salary scale adjustment for all federal civil servants, a critical move aimed at cushioning public sector employees from the severe impacts of sustained high inflation.
https://telegra.ph/Ethiopia-Details-Public-Sector-Pay-Rise-to-Offset-Inflation-10-04
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The official exchange rates of the Ethiopian Birr against various foreign currencies as of October 04, 2025.
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Career Opportunity with the United Nations Economic Commission for Africa (ECA)
The United Nations Economic Commission for Africa (ECA) in Addis Ababa is hiring an Engineer (P-4, Full-Time, Fixed-Term, 1 Year) under the Division of Administration – Facilities Management Section
https://telegra.ph/Career-Opportunity-with-the-United-Nations-Economic-Commission-for-Africa-ECA-10-04
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The United Nations Economic Commission for Africa (ECA) in Addis Ababa is hiring an Engineer (P-4, Full-Time, Fixed-Term, 1 Year) under the Division of Administration – Facilities Management Section
https://telegra.ph/Career-Opportunity-with-the-United-Nations-Economic-Commission-for-Africa-ECA-10-04
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Kenya Power Joins ‘Road to Addis’ EV Safari Ahead of Africa E-Mobility Week 2025
Kenya Power has announced its participation in the Road to Addis - a 1,600-kilometer electric vehicle (EV) rally from Nairobi to Addis Ababa designed to spotlight East Africa’s readiness for electric mobility. Organized by Intro Africa, the event positions Kenya among regional leaders advancing EV infrastructure and renewable integration, reflecting Africa’s broader ambition to decarbonize transport and cut fuel dependency.
Source: Kenya Power
Full Article: 👉🏾 LINK
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COOP Bank Taps Huawei for AI-Driven Green Data Centers
Cooperative Bank of Oromia (COOP), one of Ethiopia's top five private banks with 15 milllion clients, has partnered with Huawei to modernize its digital backbone, deploying AI-driven storage, networking, cybersecurity, and green data centers to sustain the country's accelerating digital finance boom.
With over ETB 3.6 trillion (US$24.7 billion) processed via mobile banking in 2024 and 80% of transactions already digital, Ethiopia's financial system is hitting scale limits that demand resilient and energy-efficient infrastructure.
https://shorturl.at/eH0GR
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Cooperative Bank of Oromia (COOP), one of Ethiopia's top five private banks with 15 milllion clients, has partnered with Huawei to modernize its digital backbone, deploying AI-driven storage, networking, cybersecurity, and green data centers to sustain the country's accelerating digital finance boom.
With over ETB 3.6 trillion (US$24.7 billion) processed via mobile banking in 2024 and 80% of transactions already digital, Ethiopia's financial system is hitting scale limits that demand resilient and energy-efficient infrastructure.
https://shorturl.at/eH0GR
@Businessinfoeth