Ethiopia’s First Securities Exchange Begins Trading
Ethiopia’s long-awaited securities exchange has officially launched trading, introducing a secondary market for government treasury bills (T-bills) in electronic form.
The milestone event was held...
Ethiopia Proposes Raising Top Income Tax Threshold to 14,000 Birr
A new bill tabled in Ethiopia’s House of People’s Representatives aims to increase the threshold for the highest income tax rate, moving the point...
Ethiopia’s Securities Exchange Set to Begin Official Trading This Week
Ethiopia’s much-anticipated Securities Exchange (ESX) is poised to launch full-scale trading next week, marking a watershed moment in the country’s financial modernization journey. This...
CBE Achieves Historic ETB 1.69 Trillion in Total Deposits, Fueling Confidence in Ethiopia’s Banking Sector
The Commercial Bank of Ethiopia (CBE), the country's largest state-owned bank, announced on Tuesday that it has reached a record-breaking ETB 1.69 trillion in...
Safaricom Ethiopia’s Active Customer Base Surpasses 10 Million
Addis Ababa, June 24, 2017 — Safaricom Ethiopia has announced that its 90-day active subscriber base has reached 10 million customers nationwide, marking...
National Bank of Ethiopia Lifts Mandatory Bond Purchase Requirement for Commercial Banks
Addis Ababa – In a significant shift in monetary policy, the Monetary Policy Committee (MPC) of the National Bank of Ethiopia (NBE) has decided...
