The official exchange rates of the Ethiopian Birr against various foreign currencies as of October 07, 2025.
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
ESX Nears Retail Trading Launch With Shared Broker Platform
Ethiopia’s new stock exchange is poised to open to retail investors in the coming month through a shared digital platform, a crucial step to democratize access and build market liquidity. The launch of the consolidated Broker Back-Office (BBO) system will provide the public with a unified front-end to trade securities through any of the licensed brokerage firms, including the newly established Wegagen Capital.
https://telegra.ph/ESX-Nears-Retail-Trading-Launch-With-Shared-Broker-Platform-10-07
@businessinfoeth
Ethiopia’s new stock exchange is poised to open to retail investors in the coming month through a shared digital platform, a crucial step to democratize access and build market liquidity. The launch of the consolidated Broker Back-Office (BBO) system will provide the public with a unified front-end to trade securities through any of the licensed brokerage firms, including the newly established Wegagen Capital.
https://telegra.ph/ESX-Nears-Retail-Trading-Launch-With-Shared-Broker-Platform-10-07
@businessinfoeth
Career Opportunity with the Ethiopia Deposit Insurance Fund (EDIF)
The Ethiopia Deposit Insurance Fund is seeking a qualified and experienced Senior Finance Officer to join its team in Addis Ababa. The position offers an opportunity to play a key role in managing and maintaining the Fund’s financial operations, including preparing reports, monitoring budgets, reconciling accounts, and ensuring the proper implementation of financial procedures.
Full Article - https://telegra.ph/Career-Opportunity-with-the-Ethiopia-Deposit-Insurance-Fund-EDIF-10-07
@BusinessInfoEth
The Ethiopia Deposit Insurance Fund is seeking a qualified and experienced Senior Finance Officer to join its team in Addis Ababa. The position offers an opportunity to play a key role in managing and maintaining the Fund’s financial operations, including preparing reports, monitoring budgets, reconciling accounts, and ensuring the proper implementation of financial procedures.
Full Article - https://telegra.ph/Career-Opportunity-with-the-Ethiopia-Deposit-Insurance-Fund-EDIF-10-07
@BusinessInfoEth
Safaricom Ethiopia Wins Users But Bleeds Cash, World Bank Says
Safaricom Ethiopia has rapidly captured millions of users since its 2022 launch, driving down data prices and boosting 4G coverage, but the venture has incurred heavy losses, highlighting the steep cost of entry into Africa's second-most populous market.
https://telegra.ph/Safaricom-Ethiopia-Wins-Users-But-Bleeds-Cash-World-Bank-Says-10-07
@businessinfoeth
Safaricom Ethiopia has rapidly captured millions of users since its 2022 launch, driving down data prices and boosting 4G coverage, but the venture has incurred heavy losses, highlighting the steep cost of entry into Africa's second-most populous market.
https://telegra.ph/Safaricom-Ethiopia-Wins-Users-But-Bleeds-Cash-World-Bank-Says-10-07
@businessinfoeth
Zambia Taps Ethiopia's 'Fayda' Model for Digital ID Rollout
Zambia has signed a pact to adopt Ethiopia’s “Fayda” digital identity system, a significant South-South technology transfer that positions Ethiopia as an emerging leader in homegrown digital public infrastructure.
https://telegra.ph/Zambia-Taps-Ethiopias-Fayda-Model-for-Digital-ID-Rollout-10-07
@businessinfoeth
Zambia has signed a pact to adopt Ethiopia’s “Fayda” digital identity system, a significant South-South technology transfer that positions Ethiopia as an emerging leader in homegrown digital public infrastructure.
https://telegra.ph/Zambia-Taps-Ethiopias-Fayda-Model-for-Digital-ID-Rollout-10-07
@businessinfoeth
The official exchange rates of the Ethiopian Birr against various foreign currencies as of October 08, 2025.
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Ethiopia Begins AfCFTA Trade on October 9, Targeting Export Diversification
Ethiopia will officially begin trading under the African Continental Free Trade Area (AfCFTA) on October 9, a landmark move aimed at diversifying its export base and boosting foreign currency earnings. After a seven-year preparatory phase, the country's producers now gain preferential access to a market of 1.3 billion people, a critical step in reducing reliance on traditional agricultural exports like coffee.
https://telegra.ph/Ethiopia-Begins-AfCFTA-Trade-Targeting-Export-Diversification-10-08
@businessinfoeth
Ethiopia will officially begin trading under the African Continental Free Trade Area (AfCFTA) on October 9, a landmark move aimed at diversifying its export base and boosting foreign currency earnings. After a seven-year preparatory phase, the country's producers now gain preferential access to a market of 1.3 billion people, a critical step in reducing reliance on traditional agricultural exports like coffee.
https://telegra.ph/Ethiopia-Begins-AfCFTA-Trade-Targeting-Export-Diversification-10-08
@businessinfoeth
First Consult to Launch Digital MSME Lending Platform
First Consult is launching "MESMER Digital Loan," a new platform designed to provide accessible and scalable financing for Ethiopia's chronically underserved Micro, Small, and Medium Enterprises (MSMEs). The move is a significant step to address the massive credit gap that has constrained the growth of a sector vital to the country's employment and economic development.
https://telegra.ph/First-Consult-to-Launch-Digital-MSME-Lending-Platform-10-08-2
@businessinfoeth
First Consult is launching "MESMER Digital Loan," a new platform designed to provide accessible and scalable financing for Ethiopia's chronically underserved Micro, Small, and Medium Enterprises (MSMEs). The move is a significant step to address the massive credit gap that has constrained the growth of a sector vital to the country's employment and economic development.
https://telegra.ph/First-Consult-to-Launch-Digital-MSME-Lending-Platform-10-08-2
@businessinfoeth
Ethiopia Targets 9% GDP Growth on Back of Industrial Push
Ethiopia is targeting an ambitious 9% economic growth rate for the 2025/26 fiscal year, a goal predicated on a major push in domestic fertilizer production and continued export diversification.
https://telegra.ph/Ethiopia-Targets-9-GDP-Growth-on-Back-of-Industrial-Push-10-08
@businessinfoeth
Ethiopia is targeting an ambitious 9% economic growth rate for the 2025/26 fiscal year, a goal predicated on a major push in domestic fertilizer production and continued export diversification.
https://telegra.ph/Ethiopia-Targets-9-GDP-Growth-on-Back-of-Industrial-Push-10-08
@businessinfoeth
Wegagen Bank Profit Surges 73% to a Record 3.85 Bln Birr
Wegagen Bank S.C. posted a record 3.85 billion birr profit before tax for the 2024/25 Ethiopian fiscal year, a 73% surge that significantly outpaced the sector average and cemented its position as one of the country's fastest-growing private lenders.
https://telegra.ph/Wegagen-Bank-Profit-Surges-73-to-a-Record-385-Bln-Birr-10-09
@businessinfoeth
Wegagen Bank S.C. posted a record 3.85 billion birr profit before tax for the 2024/25 Ethiopian fiscal year, a 73% surge that significantly outpaced the sector average and cemented its position as one of the country's fastest-growing private lenders.
https://telegra.ph/Wegagen-Bank-Profit-Surges-73-to-a-Record-385-Bln-Birr-10-09
@businessinfoeth
The official exchange rates of the Ethiopian Birr against various foreign currencies as of October 09, 2025.
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Ethiopian Coffee Exports Surge, Raking in $546 Million in Two Months
Ethiopia's coffee exports generated $546 million in the first two months of the 2025/26 fiscal year, a robust start that puts the country on track to meet its ambitious full-year revenue target.
https://telegra.ph/Ethiopian-Coffee-Exports-Surge-Raking-in-546-Million-in-Two-Months-10-09
@businessinfoeth
Ethiopia's coffee exports generated $546 million in the first two months of the 2025/26 fiscal year, a robust start that puts the country on track to meet its ambitious full-year revenue target.
https://telegra.ph/Ethiopian-Coffee-Exports-Surge-Raking-in-546-Million-in-Two-Months-10-09
@businessinfoeth
Ethiopia Honors Top 700 Taxpayers in Push to Boost Revenue
Ethiopia's government has recognized 700 model taxpayers for their contribution to the national economy, a high-profile move to foster a culture of compliance as it seeks to address a chronically low tax-to-GDP ratio.
https://telegra.ph/Ethiopia-Honors-Top-700-Taxpayers-in-Push-to-Boost-Revenue-10-09
@businessinfoeth
Ethiopia's government has recognized 700 model taxpayers for their contribution to the national economy, a high-profile move to foster a culture of compliance as it seeks to address a chronically low tax-to-GDP ratio.
https://telegra.ph/Ethiopia-Honors-Top-700-Taxpayers-in-Push-to-Boost-Revenue-10-09
@businessinfoeth
The official exchange rates of the Ethiopian Birr against various foreign currencies as of October 10, 2025.
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
EU Deepens Ethiopia Ties With €105 Million Gateway Pact
The European Union has committed approximately €105 million to Ethiopia under its Global Gateway initiative, deepening a strategic shift from traditional aid to targeted investments in sustainable economic growth.
https://telegra.ph/EU-Deepens-Ethiopia-Ties-With-105-Million-Gateway-Pact-10-10-2
@businessinfoeth
The European Union has committed approximately €105 million to Ethiopia under its Global Gateway initiative, deepening a strategic shift from traditional aid to targeted investments in sustainable economic growth.
https://telegra.ph/EU-Deepens-Ethiopia-Ties-With-105-Million-Gateway-Pact-10-10-2
@businessinfoeth
The official exchange rates of the Ethiopian Birr against various foreign currencies as of October 11, 2025.
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Zemen Bank Net Profit Skyrockets 145% to Record 5.87 Bln Birr
Zemen Bank S.C. announced a record-breaking financial performance for the 2024/25 fiscal year, with net profit soaring 145% to 5.87 billion birr, a result that positions it as a top performer in Ethiopia's increasingly competitive banking sector.
https://telegra.ph/Zemen-Bank-Net-Profit-Skyrockets-145-to-Record-587-Bln-Birr-10-11
@businessinfoeth
Zemen Bank S.C. announced a record-breaking financial performance for the 2024/25 fiscal year, with net profit soaring 145% to 5.87 billion birr, a result that positions it as a top performer in Ethiopia's increasingly competitive banking sector.
https://telegra.ph/Zemen-Bank-Net-Profit-Skyrockets-145-to-Record-587-Bln-Birr-10-11
@businessinfoeth
The official exchange rates of the Ethiopian Birr against various foreign currencies as of October 13, 2025.
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
Source - Commercial Bank of Ethiopia
@BusinessInfoEth
EDIF Premium Collection Jumps 27% to 2.08 Bln Birr in Q1
The Ethiopian Deposit Insurance Fund (EDIF) collected 2.08 billion birr in premiums during the first quarter of the 2025/26 fiscal year, hitting 100% of its target and marking a 26.8% year-on-year increase. The strong performance signals the rapid scaling of the nation's financial safety net.
https://telegra.ph/EDIF-Premium-Collection-Jumps-27-to-208-Bln-Birr-in-Q1-10-13
@businessinfoeth
The Ethiopian Deposit Insurance Fund (EDIF) collected 2.08 billion birr in premiums during the first quarter of the 2025/26 fiscal year, hitting 100% of its target and marking a 26.8% year-on-year increase. The strong performance signals the rapid scaling of the nation's financial safety net.
https://telegra.ph/EDIF-Premium-Collection-Jumps-27-to-208-Bln-Birr-in-Q1-10-13
@businessinfoeth
Career Opportunity with Grant Thornton Ethiopia
Grant Thornton Ethiopia, a leading global business advisory firm, is hiring a Senior Accountant (Full-Time, Permanent) to join its finance team in Addis Ababa, Ethiopia. The role involves managing and overseeing the organization’s financial operations in compliance with donor requirements, internal policies, and statutory regulations.
Full Article - https://telegra.ph/Career-Opportunity-with-Grant-Thornton-Ethiopia-10-12
@businessinfoeth
Grant Thornton Ethiopia, a leading global business advisory firm, is hiring a Senior Accountant (Full-Time, Permanent) to join its finance team in Addis Ababa, Ethiopia. The role involves managing and overseeing the organization’s financial operations in compliance with donor requirements, internal policies, and statutory regulations.
Full Article - https://telegra.ph/Career-Opportunity-with-Grant-Thornton-Ethiopia-10-12
@businessinfoeth