Latest Capital Markets & Finance news, analysis, market updates, and Ethiopia-focused business reporting from Aksion.ET - Ethiopia's capital market intelligence platform.
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The Ministry of Finance drafted an amendment exempting reinvested dividends from the 10% dividend tax. This resolves retroactive tax liabilities previously imposed on financial institutions.

Zemen Bank achieved record profits of 8.2 billion birr for the 2024 to 2025 fiscal year. Total revenue reached 14.4 billion birr, driven by strong interest income and forex operations.

The Ethiopian Capital Market Authority licensed five new service providers, including Ethio Fidelity Securities. This brings the total number of licensed providers to nine.

Wegagen Bank has issued a prospectus to register its existing shares with the Ethiopian Capital Market Authority in preparation for future trading on the Ethiopian Securities Exchange.

Foreign bank entry into Ethiopia is expected to drive domestic bank share premiums higher by up to 100%. Investors anticipate strong demand for well capitalized institutions like Awash and Abyssinia Bank.

Ethiopia has approved a proclamation allowing foreign banks to enter the market. This marks a strategic shift toward global financial integration and modernization after decades of restrictive policies.

Ethiopian insurance companies reported significant dividend growth in the 2023 to 2024 fiscal year, while banks saw slight declines. The National Bank's loan cap policy heavily impacted banking performance.

Analyzing key metrics like Profit Margin and Return on Assets is crucial for understanding the efficiency and financial health of Ethiopia's expanding banking sector.

Investors buying Ethio Telecom shares are paying a premium at ETB 300 per share compared to the ETB 100 par value. The shares are being sold by Ethiopian Investment Holdings.

Zemen Insurance reported a 229% profit growth for the 2023 to 2024 fiscal year. Earnings per share soared to 74.8%, highlighting strong financial performance in the insurance sector.
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