Author

Bethlehem Gashaw

Journalist & Economist

Bethlehem Gashaw writes for Aksion.ET, covering Ethiopia's banking sector, the Ethiopian Securities Exchange (ESX), capital markets, and the wider economy.

Latest by Bethlehem Gashaw

Business

Gadaa Bank Reports 135 Percent Profit Surge for 2025/26 Fiscal Year

Gadaa Bank S.C. achieved a profit before tax of 1.05 billion birr in the 2025/26 fiscal year, marking a 135 percent increase driven by branch expansion and digital banking growth.

Bethlehem GashawSep 19, 2026

Business

Wegagen Bank Reports 13.6% Profit Growth in 2025/26 Fiscal Year

Wegagen Bank S.C. held its annual general assembly on September 9 at the Hilton Hotel in Addis Ababa, disclosing financial results for the 2025/26 fiscal year. The bank reported a...

Bethlehem GashawSep 19, 2026

Business

No more fake screenshots: Mrkuz Launches Financial Aggregation and Payment Verification App for Ethiopian Market

A new financial management application, Mrkuz, has entered the Ethiopian market, aiming to centralize account monitoring and streamline payment verification for both retail busines...

Bethlehem GashawSep 15, 2026

Business

PM Abiy Announces 100 Billion ETB Mortgage Refinance Company in Partnership with IFC

Prime Minister Abiy Ahmed has announced a new framework agreement between the National Bank of Ethiopia and the International Finance Corporation (IFC) to establish the country's f...

Bethlehem GashawSep 3, 2026

Business

ECMA Grants Investment Banking License to D and T Ethiopia

The Ethiopian Capital Market Authority (ECMA) has officially granted an investment banking license to D and T Ethiopia Management Consulting PLC . This development follows a compre...

Bethlehem GashawAug 28, 2026

Ethiopia

National Bank of Ethiopia Flags 17 Unauthorized Remittance Operators

The National Bank of Ethiopia has issued a warning against 17 unlicensed remittance providers, cautioning the diaspora that using unauthorized channels risks financial losses and legal consequences.

Bethlehem GashawAug 28, 2026

Business

Ethiopian Capital Market Authority Registers Enat Bank Shares

The Ethiopian Capital Market Authority has officially registered 6,785,310 existing shares of Enat Bank S.C. following the approval of the bank's registration statement.

Bethlehem GashawAug 27, 2026

Economy

Ethiopia's Annual Inflation Rate Rises to 15.3% in July 2018 EFY

Ethiopia's year-on-year general inflation rate climbed to 15.3% in July 2018 EFY, up from 13.7% recorded in the same month of the previous year, according to the latest report from...

Bethlehem GashawAug 22, 2026

Finance & Capital Markets

Wegagen Capital Posts 46.6 Million Birr Profit in First Full Year

Wegagen Capital Investment Bank (WCIB) has concluded its first full year of commercial operations with a profit before tax of 46.6 million Birr. This result marks a turnaround from...

Bethlehem GashawAug 20, 2026

Business

Canaan Pauses Bitcoin Mining Operations in Ethiopia

Hardware manufacturer Canaan has suspended its Bitcoin mining activities in Ethiopia, leaving 35 percent of its global reported hashrate capacity inactive.

Bethlehem GashawAug 19, 2026

Business

Hijra Bank Proposes Digital Transaction Data as Alternative Collateral for MSMEs

Hijra Bank is advocating for the use of digital payment records from its HalalPay platform as a substitute for physical collateral to improve credit access for Ethiopian small and medium-sized enterprises.

Bethlehem GashawAug 18, 2026

Ethiopia

Foreigners Can Now Own a Home in Ethiopia From $100,000

The Ministry of Urban and Infrastructure has officially released Directive 1147/2018, providing the legal framework for foreign nationals to acquire residential property in Ethiopi...

Bethlehem GashawAug 12, 2026

Business

NBE Confirms Abduljuhad Hassen Muhammed as Shabelle Bank CEO

The National Bank of Ethiopia (NBE) has formally approved the appointment of Abduljuhad Hassen Muhammed as the Chief Executive Officer of Shabelle Bank S.C. The confirmation, issue...

Bethlehem GashawAug 11, 2026

Business

Dangote Targets October Groundbreaking for $16 Billion Kenya Refinery

Nigerian billionaire Aliko Dangote has confirmed that his conglomerate will break ground on a massive 700,000-barrel-per-day (bpd) refinery on Kenya's Lamu coast by October 2026. T...

Bethlehem GashawAug 10, 2026

Business

Siket Bank Reports 1.54 Billion Birr Pre-Tax Profit for 2025/26 Fiscal Year

Siket Bank concluded the 2025/26 fiscal year with a pre-tax profit of 1.54 billion Birr and total assets reaching 29 billion Birr.

Bethlehem GashawAug 10, 2026

Finance & Capital Markets

Ethiopian Capital Market Authority Registers Hibret Bank Shares

The Ethiopian Capital Market Authority has officially registered over 11.6 million existing shares of Hibret Bank S.C. in compliance with national capital market regulations.

Bethlehem GashawAug 8, 2026

Finance & Capital Markets

Ethiopian Securities Exchange Appoints Yodit Kassa as CEO

The Ethiopian Securities Exchange (ESX) has announced a leadership transition, naming Yodit Kassa as its new Chief Executive Officer. She succeeds Dr. Tilahun Esmael Kassahun, the...

Bethlehem GashawAug 7, 2026

Tech

NBE Grants CNETPay Payment System Operator License

The National Bank of Ethiopia (NBE) has issued a Payment System Operator (PSO) license to CNETPay Financial Technologies S.C., authorizing the firm to operate payment gateway and p...

Bethlehem GashawAug 6, 2026

Business

Former Ethiopian Airlines CEO Tewolde Gebremariam Appointed CEO of Air India

Tewolde Gebremariam, who led the expansion of Ethiopian Airlines for over a decade, has been named the new CEO and Managing Director of Air India.

Bethlehem GashawAug 5, 2026

Business

Ethio Telecom, CBE, and Ethiopian Airlines Drive 25% of Ethiopia’s Large Taxpayer Revenue

Ethio Telecom , the Commercial Bank of Ethiopia , and Ethiopian Airlines Group dominated Ethiopia's fiscal landscape in the 2025/26 year, collectively contributing 133.58 billion b...

Bethlehem GashawAug 5, 2026

Business

Awash Bank Named Ethiopia's Largest Domestic Private Taxpayer

Awash Bank S.C. has emerged as the leading domestic private taxpayer in Ethiopia, contributing 15.77 billion birr to the government during the 2025/26 fiscal year. This performance...

Bethlehem GashawAug 4, 2026

Business

Startup Credit Guarantee Fund Reports Zero Defaults on ETB 85.7 Million in Loans

A joint UNDP and Development Bank of Ethiopia initiative has enabled 37 startups to secure financing with no defaults, prompting an extension of the program through the end of 2026.

Bethlehem GashawAug 4, 2026

Business

Data Mining Firms Lead EEP to Record $476 Million Forex Revenue

Ethiopian Electric Power (EEP) reported a record $475.7 million in foreign exchange earnings for the 2025/26 fiscal year, largely driven by electricity sales to data mining companies.

Bethlehem GashawAug 3, 2026

Business

Tsedey Bank Reports ETB 4.3 Billion Profit Following Strategic Reforms

Tsedey Bank has significantly improved its financial standing, reporting a pre-tax profit of ETB 4.3 billion and a sharp reduction in its non-performing loan ratio to 6.4% for the 2025/26 fiscal year.

Bethlehem GashawAug 3, 2026

From Proclamation to Platform: The Full Evolution of Ethiopia’s Capital Market (2021–2026)

Latest by Bethlehem Gashaw

Gadaa Bank Reports 135 Percent Profit Surge for 2025/26 Fiscal Year

Wegagen Bank Reports 13.6% Profit Growth in 2025/26 Fiscal Year

No more fake screenshots: Mrkuz Launches Financial Aggregation and Payment Verification App for Ethiopian Market

PM Abiy Announces 100 Billion ETB Mortgage Refinance Company in Partnership with IFC

ECMA Grants Investment Banking License to D and T Ethiopia

National Bank of Ethiopia Flags 17 Unauthorized Remittance Operators

Ethiopian Capital Market Authority Registers Enat Bank Shares

Ethiopia's Annual Inflation Rate Rises to 15.3% in July 2018 EFY

Wegagen Capital Posts 46.6 Million Birr Profit in First Full Year

Canaan Pauses Bitcoin Mining Operations in Ethiopia

Hijra Bank Proposes Digital Transaction Data as Alternative Collateral for MSMEs

Foreigners Can Now Own a Home in Ethiopia From $100,000

NBE Confirms Abduljuhad Hassen Muhammed as Shabelle Bank CEO

Dangote Targets October Groundbreaking for $16 Billion Kenya Refinery

Siket Bank Reports 1.54 Billion Birr Pre-Tax Profit for 2025/26 Fiscal Year

Ethiopian Capital Market Authority Registers Hibret Bank Shares

Ethiopian Securities Exchange Appoints Yodit Kassa as CEO

NBE Grants CNETPay Payment System Operator License

Former Ethiopian Airlines CEO Tewolde Gebremariam Appointed CEO of Air India

Ethio Telecom, CBE, and Ethiopian Airlines Drive 25% of Ethiopia’s Large Taxpayer Revenue

Awash Bank Named Ethiopia's Largest Domestic Private Taxpayer

Startup Credit Guarantee Fund Reports Zero Defaults on ETB 85.7 Million in Loans

Data Mining Firms Lead EEP to Record $476 Million Forex Revenue

Tsedey Bank Reports ETB 4.3 Billion Profit Following Strategic Reforms

Latest by Bethlehem Gashaw

Gadaa Bank Reports 135 Percent Profit Surge for 2025/26 Fiscal Year

Wegagen Bank Reports 13.6% Profit Growth in 2025/26 Fiscal Year

No more fake screenshots: Mrkuz Launches Financial Aggregation and Payment Verification App for Ethiopian Market

PM Abiy Announces 100 Billion ETB Mortgage Refinance Company in Partnership with IFC

ECMA Grants Investment Banking License to D and T Ethiopia

National Bank of Ethiopia Flags 17 Unauthorized Remittance Operators

Ethiopian Capital Market Authority Registers Enat Bank Shares

Ethiopia's Annual Inflation Rate Rises to 15.3% in July 2018 EFY

Wegagen Capital Posts 46.6 Million Birr Profit in First Full Year

Canaan Pauses Bitcoin Mining Operations in Ethiopia

Hijra Bank Proposes Digital Transaction Data as Alternative Collateral for MSMEs

Foreigners Can Now Own a Home in Ethiopia From $100,000

NBE Confirms Abduljuhad Hassen Muhammed as Shabelle Bank CEO

Dangote Targets October Groundbreaking for $16 Billion Kenya Refinery

Siket Bank Reports 1.54 Billion Birr Pre-Tax Profit for 2025/26 Fiscal Year

Ethiopian Capital Market Authority Registers Hibret Bank Shares

Ethiopian Securities Exchange Appoints Yodit Kassa as CEO

NBE Grants CNETPay Payment System Operator License

Former Ethiopian Airlines CEO Tewolde Gebremariam Appointed CEO of Air India

Ethio Telecom, CBE, and Ethiopian Airlines Drive 25% of Ethiopia’s Large Taxpayer Revenue

Awash Bank Named Ethiopia's Largest Domestic Private Taxpayer

Startup Credit Guarantee Fund Reports Zero Defaults on ETB 85.7 Million in Loans

Data Mining Firms Lead EEP to Record $476 Million Forex Revenue

Tsedey Bank Reports ETB 4.3 Billion Profit Following Strategic Reforms