Explore the latest intelligence, market movements, and in-depth sector analysis from Ethiopia's financial landscape.
Showing 41–50 of 55 articles

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.

Ethio Telecom will float 10% of its shares on Ethiopia's new stock exchange next week. This marks the beginning of the government's strategy to privatize state owned enterprises.

The Ethiopian Securities Exchange is set to launch by late 2024. This will create a regulated and transparent environment for businesses to raise capital.

Hana Tehelku has been appointed to lead the Ethiopian Capital Market Authority following the departure of Dr. Brook Taye, who transitioned to CEO of Ethiopian Investment Holdings.

The Ethiopian Birr surged in value to around 90 to 107 ETB per USD following a new National Bank directive mandating higher foreign currency reserves for commercial banks.

The Ethiopian Capital Market Authority issued a directive to license the first securities exchange in Ethiopia. This takes effect in July 2024 and establishes a structured capital market.