News - Financial
Revenue reported: Ethio Telecom earned 85. 02 billion birr in first half of current fiscal year. Growth drivers: Rapid expansion in data consumption and …
Jan 29, 2026
News-Banks-Financial
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News - Financial
Credit rating lowered: Fitch cut Afreximbank’s long-term rating to BB+ from BBB- (investment grade). Ratings withdrawn: Fitch has withdrawn future ratings and analytical coverage …
Jan 29, 2026
News - Financial
Bank of Abyssinia’s total deposits exceeded 300 billion birr in early 2025/26. At end of 2024/25, deposits were 243. 2 billion birr. Total assets …
Jan 29, 2026
News - Financial
Interbank FX market opened: Ethiopia’s central bank has launched a competitive interbank foreign exchange market with real-time pricing. Market pricing: Banks conduct FX trades …
Jan 28, 2026
News - Financial
Auction size: National Bank of Ethiopia sold USD 500 million in its largest single foreign exchange auction to date. Exchange rates: Weighted average clearing …
Jan 27, 2026
News - Financial
Total assets: Zemen Bank’s assets reached 106 billion birr in the first half of fiscal 2025/26. Profit: Gross profit for the same period exceeded …
Jan 27, 2026
News - Financial
CBE launched CBE Connect Digital Wallet to channel diaspora remittances. The platform targets capturing part of $35 billion annual remittances. Only 22 % ($7. …
Jan 25, 2026
News - Financial
ESX reported 2,500 active investment accounts during its first year. Total trading value exceeded 12 million birr on the Ethiopian Securities Exchange. Account numbers …
Jan 25, 2026
News - Financial
Afreximbank terminated its credit rating relationship with Fitch on January 23, 2026. The decision followed a review finding Fitch’s ratings didn’t reflect Afreximbank’s mandate …
Jan 25, 2026
News - Financial
Ethiopia generated over USD 5. 1 billion in export earnings over the past six months, surpassing official targets. The export performance exceeded government expectations
Jan 23, 2026
News - Financial
The Ethiopian Capital Market Authority (ECMA) set the maximum investor compensation at 100,000 birr (~$640 USD
Jan 23, 2026
News - Financial
The International Finance Corporation (IFC) is considering up to $80 million A-loan to support MIDROC Ethiopia Plc’s Sheraton Addis project. The financing would cover …
Jan 23, 2026
News - Financial
Launch of StarPay: The Commercial Bank of Ethiopia (CBE) has launched a new digital payment platform called StarPay to integrate banking and payment services. …
Jan 21, 2026
News - Financial
Starting February 8, 2026, Ethiopia will impose a 5% levy on all mobile airtime and data purchases to fund the National Disaster Fund. The …
Jan 20, 2026
News - Financial
Ethiopia’s central bank allocated $70 million in foreign exchange at its latest auction. Total bids from commercial banks exceeded $94 million, indicating strong demand …
Jan 20, 2026