Author

Bethlehem Gashaw

Editor-in-Chief

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

Awash Bank reported a 49.2% rise in pretax profit to ETB 38.30 billion for 2025/26 with assets reaching ETB 623.96 billion

Awash Bank reported a 49.2% rise in pretax profit to ETB 38.30 billion for 2025/26, with assets reaching ETB 623.96 billion, and its board proposed distributing ETB 17.56 billion to shareholders.

Bethlehem GashawOct 31, 2026

Business

Dashen Bank Pre-Tax Profit More Than Doubles to ETB 15.21 Billion as Assets Near ETB 350 Billion

Dashen Bank reported a 127.6% rise in profit before tax to ETB 15.21 billion for FY 2025/26, with total assets growing 37.4% to ETB 349.66 billion and foreign currency mobilization reaching USD 1.4 billion.

Bethlehem GashawOct 29, 2026

Business

Prize Worth Investment Bank Joins Ethiopian Securities Exchange as Ninth Trading Member

Prize Worth Investment Bank S.C. has officially become the ninth Trading Member of the Ethiopian Securities Exchange after securing its license from the Ethiopian Capital Market Authority. The move expands brokerage access for investors and supports the growth of Ethiopia's capital market.

Bethlehem GashawOct 22, 2026

Ethiopia

Hibret Bank pre-tax profit jumps more than sevenfold to 5.46 billion birr

Hibret Bank reported a pre-tax profit of 5.46 billion birr for the 2025/26 fiscal year, up 628.55 percent from the previous year. The bank said revenue diversification, cost management, and a foreign exchange gain drove the turnaround.

Bethlehem GashawOct 22, 2026

Business

Cooperative Bank of Oromia net profit rises to 6.14 billion birr on lending and forex gains

Cooperative Bank of Oromia's audited 2025/26 results show profit before tax of 8.11 billion birr and net profit of 6.14 billion birr, driven by higher lending income and a foreign-exchange turnaround. The bank's total assets reached 224.09 billion birr.

Bethlehem GashawOct 17, 2026

Business

Cooperative bank of Oromia's pretax profit jumps to 11.5 billion birr as assets reach 224 billion

Cooperative Bank of Oromia's net profit rose nearly fourfold to 6.14 billion birr in the 2025/26 fiscal year, driven by stronger lending income, higher fees, and a sharp turnaround in foreign exchange earnings.

Bethlehem GashawOct 17, 2026

Ethiopia

Several Investment Banks Appointed Lead Distributors for Dangote Refinery Shares in Ethiopia

Several Investment Banks Appointed Lead for Dangote Petroleum Refinery shares in Ethiopia, with applications open to qualified investors until October 23, 2026. The offering is restricted to high-net-worth individuals and institutions under an Ethiopian Capital Market Authority exemption.

Bethlehem GashawOct 15, 2026

Ethiopia

CBE Capital to distribute Dangote Petroleum Refinery shares to qualified Ethiopian investors

CBE Capital Investment Bank S.C. has been appointed as one of the lead distributors for the sale of Dangote Petroleum Refinery shares in Ethiopia, opening a regulated channel for q...

Bethlehem GashawOct 15, 2026

Business

ECMA Confines Dangote Petroleum Securities Offering in Ethiopia to Qualified Investors

Dangote Petroleum and Petrochemicals has issued a public notice for a proposed offering of securities in Ethiopia, restricted to qualified investors. The notice signals a potential capital markets transaction involving the Nigerian conglomerate in the Ethiopian market.

Bethlehem GashawOct 13, 2026

Politics

Dagmawit Shiferaw Appointed ECMA Director General as Hana Tehelku Moves to Investment Commission

Dagmawit Shiferaw has been appointed Director General of the Ethiopian Capital Market Authority (ECMA), taking over from Hana Tehelku, who has been named Commissioner of the Ethiop...

Bethlehem GashawOct 10, 2026

Business

Hana Tehelku appointed Commissioner of Ethiopian Investment Commission

Prime Minister Abiy Ahmed has appointed Hana Tehelku as Commissioner of the Ethiopian Investment Commission, moving her from the Ethiopian Capital Market Authority where Dagmawit Shiferaw takes over as Director General.

Bethlehem GashawOct 10, 2026

Business

Oromia Bank pre-tax profit climbs 49% to Birr 3.82 billion in 2025/26

Oromia Bank reported a 49% increase in pre-tax profit to Birr 3.82 billion for the 2025/26 fiscal year, driven by income growth that outpaced expenses. The bank also disclosed asset and deposit growth, while foreign currency mobilisation declined sharply.

Bethlehem GashawOct 10, 2026

Business

Bank of Abyssinia profit rises 58% as assets reach 381.5 billion birr

Bank of Abyssinia reported a sharp rise in audited earnings for the 2025/26 fiscal year, with profit after tax climbing 58.1% to 11.54 billion birr from 7.30 billion birr a year ea...

Bethlehem GashawOct 9, 2026

Business

Zemen Bank Reports 15% Profit Growth as Assets Cross ETB 116 Billion

Zemen Bank S.C. reported a strong audited performance for the financial year ended 30 June 2026, with profit after tax rising 15.1% to ETB 6.75 billion and total assets crossing th...

Bethlehem GashawOct 6, 2026

Ethiopia

Oromia Insurance Registers 3 Million Existing Shares with Ethiopian Capital Market Authority

The Ethiopian Capital Market Authority has approved the registration of 3 million existing Oromia Insurance S.C. shares, a required step for securities offered to the public. The notice clarifies that the registration is not an endorsement or an offer to sell.

Bethlehem GashawOct 1, 2026

Ethiopia

Ethiopian Capital Market Authority Registers Berhan Bank and Cooperative Bank of Oromia Securities

The Ethiopian Capital Market Authority has approved Berhan Bank S.C.'s registration statement, covering 6.33 million existing shares and 3.67 million new shares for existing and new shareholders. The notice confirms the securities are registered but does not constitute an offer or endorsement.

Bethlehem GashawOct 1, 2026

Ethiopia

Awash Insurance registers 8 million existing shares with Ethiopia's capital market authority

The Ethiopian Capital Market Authority has approved the registration of 8 million existing shares of Awash Insurance S.C., a step that brings the company's securities under public market disclosure rules.

Bethlehem GashawOct 1, 2026

Business

Sidama Bank lists on ESX Main Market under ticker SIDAX

Sidama Bank listed today on the Ethiopian Securities Exchange Main Market under ticker SIDAX, becoming the seventh company and sixth bank on the board. A bell-ringing ceremony marked the listing. ESX CEO Yodit Kassa Waka called it a step from microfinance to commercial bank to public market. Existing shareholders can now trade on a regulated exchange.

Bethlehem GashawSep 28, 2026

Finance & Capital Markets

Ethiopian Capital Market Authority Issues New Directive for Collective Investment Schemes

The Ethiopian Capital Market Authority has released Directive No. 1150/2026, establishing a formal regulatory framework for the operation and oversight of collective investment schemes in Ethiopia.

Bethlehem GashawSep 23, 2026

Business

MIDROC Investment Group Increases Minimum Wage to 10,000 Birr

MIDROC Investment Group has raised its minimum starting salary to 10,000 birr and allocated over 3 billion birr for payroll adjustments for the 2026/27 fiscal year.

Bethlehem GashawSep 21, 2026

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

Tech

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

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

Latest by Bethlehem Gashaw

Awash Bank reported a 49.2% rise in pretax profit to ETB 38.30 billion for 2025/26 with assets reaching ETB 623.96 billion

Dashen Bank Pre-Tax Profit More Than Doubles to ETB 15.21 Billion as Assets Near ETB 350 Billion

Prize Worth Investment Bank Joins Ethiopian Securities Exchange as Ninth Trading Member

Hibret Bank pre-tax profit jumps more than sevenfold to 5.46 billion birr

Cooperative Bank of Oromia net profit rises to 6.14 billion birr on lending and forex gains

Cooperative bank of Oromia's pretax profit jumps to 11.5 billion birr as assets reach 224 billion

Several Investment Banks Appointed Lead Distributors for Dangote Refinery Shares in Ethiopia

CBE Capital to distribute Dangote Petroleum Refinery shares to qualified Ethiopian investors

ECMA Confines Dangote Petroleum Securities Offering in Ethiopia to Qualified Investors

Dagmawit Shiferaw Appointed ECMA Director General as Hana Tehelku Moves to Investment Commission

Hana Tehelku appointed Commissioner of Ethiopian Investment Commission

Oromia Bank pre-tax profit climbs 49% to Birr 3.82 billion in 2025/26

Bank of Abyssinia profit rises 58% as assets reach 381.5 billion birr

Zemen Bank Reports 15% Profit Growth as Assets Cross ETB 116 Billion

Oromia Insurance Registers 3 Million Existing Shares with Ethiopian Capital Market Authority

Ethiopian Capital Market Authority Registers Berhan Bank and Cooperative Bank of Oromia Securities

Awash Insurance registers 8 million existing shares with Ethiopia's capital market authority

Sidama Bank lists on ESX Main Market under ticker SIDAX

Ethiopian Capital Market Authority Issues New Directive for Collective Investment Schemes

MIDROC Investment Group Increases Minimum Wage to 10,000 Birr

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

Latest by Bethlehem Gashaw

Awash Bank reported a 49.2% rise in pretax profit to ETB 38.30 billion for 2025/26 with assets reaching ETB 623.96 billion

Dashen Bank Pre-Tax Profit More Than Doubles to ETB 15.21 Billion as Assets Near ETB 350 Billion

Prize Worth Investment Bank Joins Ethiopian Securities Exchange as Ninth Trading Member

Hibret Bank pre-tax profit jumps more than sevenfold to 5.46 billion birr

Cooperative Bank of Oromia net profit rises to 6.14 billion birr on lending and forex gains

Cooperative bank of Oromia's pretax profit jumps to 11.5 billion birr as assets reach 224 billion

Several Investment Banks Appointed Lead Distributors for Dangote Refinery Shares in Ethiopia

CBE Capital to distribute Dangote Petroleum Refinery shares to qualified Ethiopian investors

ECMA Confines Dangote Petroleum Securities Offering in Ethiopia to Qualified Investors

Dagmawit Shiferaw Appointed ECMA Director General as Hana Tehelku Moves to Investment Commission

Hana Tehelku appointed Commissioner of Ethiopian Investment Commission

Oromia Bank pre-tax profit climbs 49% to Birr 3.82 billion in 2025/26

Bank of Abyssinia profit rises 58% as assets reach 381.5 billion birr

Zemen Bank Reports 15% Profit Growth as Assets Cross ETB 116 Billion

Oromia Insurance Registers 3 Million Existing Shares with Ethiopian Capital Market Authority

Ethiopian Capital Market Authority Registers Berhan Bank and Cooperative Bank of Oromia Securities

Awash Insurance registers 8 million existing shares with Ethiopia's capital market authority

Sidama Bank lists on ESX Main Market under ticker SIDAX

Ethiopian Capital Market Authority Issues New Directive for Collective Investment Schemes

MIDROC Investment Group Increases Minimum Wage to 10,000 Birr

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