The official exchange rates of the Ethiopian Birr against various foreign currencies as of October 08, 2025.

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

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

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

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

The official exchange rates of the Ethiopian Birr against various foreign currencies as of October 09, 2025.

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 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

The official exchange rates of the Ethiopian Birr against various foreign currencies as of October 10, 2025.

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 official exchange rates of the Ethiopian Birr against various foreign currencies as of October 11, 2025.

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

The official exchange rates of the Ethiopian Birr against various foreign currencies as of October 13, 2025.

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

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

CBE Capital Inks Advisory Deal With Hibret Insurance

CBE Capital has signed an investment banking agreement with Hibret Insurance S.C., one of Ethiopia’s largest private insurers, in a strategic move to guide the company through the nation's new capital markets landscape. The deal positions CBE Capital, a new investment bank majority-owned by the Commercial Bank of Ethiopia, to advise Hibret on potential capital raising and a possible listing on the Ethiopian Securities Exchange (ESX).

Full Article - https://telegra.ph/CBE-Capital-Inks-Advisory-Deal-With-Hibret-Insurance-10-13

@businessinfoeth

UNICEF Ethiopia – Invitation to Bid

UNICEF Ethiopia invites eligible local companies to submit bids for the Procurement of a Biometric Employee Attendance System (LITBS-2025-9200365).

Full Article - https://telegra.ph/UNICEF-Ethiopia--Invitation-to-Bid-10-13

@BusinessInfoEth

Ethiopia Resumes Forex Auctions With $150 Million Sale to Ease Crunch

Ethiopia’s central bank will auction $150 million to commercial banks on October 14, resuming its wholesale foreign exchange sales after a two-month halt that intensified a severe currency shortage. The move by the National Bank of Ethiopia (NBE) is a critical step to inject liquidity into the official market and curb the widening gap with the parallel market rate, a key condition of its ongoing negotiations for an IMF support package.

https://telegra.ph/Ethiopia-Resumes-Forex-Auctions-With-150-Million-Sale-to-Ease-Crunch-10-13

@businessinfoeth

The official exchange rates of the Ethiopian Birr against various foreign currencies as of October 14, 2025.

Source - Commercial Bank of Ethiopia
@BusinessInfoEth

Ethiopia Waives Duties on Gas Vehicles to Spur Energy Shift

Ethiopia has granted full customs duty exemptions for all imported vehicles that run on natural gas, a sweeping policy shift designed to accelerate the adoption of cleaner energy and slash the nation's multi-billion dollar fuel import bill. The move, effective immediately, is timed with the recent inauguration of a major natural gas production plant in the country's Somali region...

https://telegra.ph/Ethiopia-Waives-Duties-on-Gas-Vehicles-to-Spur-Energy-Shift-10-14

@businessinfoeth