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Zemen Insurance Became the First Insurance Firm to Invest in ESX

Zemen Insurance leads the charge as the inaugural insurance firm to invest in the Ethiopian Securities Exchange (ESX), marking a pivotal moment in Ethiopia's financial evolution.

Hibret Bank Invested 50 Million Birr in Ethiopian Securities Exchange

Hibret Bank strengthens its position in the Ethiopian financial market by investing 50 million birr in the Ethiopian Securities Exchange. Learn about this strategic move and its implications.

ECMA Launches Ethio Telecom Share Sale

ECMA takes bold step to sell Ethio Telecom shares, boosting investor opportunities. Prime Minister Abiy Ahmed reaffirms commitment to privatization, signaling economic growth in Ethiopia

Awash Bank Acquires a significant Stake in Ethiopian Securities Exchange

Awash Bank has formally disclosed its acquisition of 70 million Birr worth of shares in the Ethiopian Securities Exchange, during a press conference held at the bank's headquarters on February 29, 2024.

Ethiopia Enters Bitcoin Mining Partnership

Ethiopia embarks on Bitcoin mining with Data Center Service in a $250 million partnership, signaling economic growth aspirations but prompting concerns over energy sustainability and regulatory clarity. An influx of Chinese miners adds further complexity, potentially impacting the local economy and regulatory landscape.

Ethiopian Capital Market Authority Begins Oversight of Share Sale Advertisements

The Ethiopian Capital Market Authority tightens control on false stock advertisements, emphasizing collaboration with media to enforce guidelines. Plans underway to license over 15 service providers, including Invest Bank, ensuring regulatory compliance and market access expansion.

Ethiopian Capital Market Authority Launches Investment Bank Licensing

ECMA announces the initiation of investment bank license issuance, a pivotal step in fostering transparency and attracting domestic and international investors to the country's burgeoning capital markets.

Ethiopia Signed MoU with Somaliland to use Berbera Port

Discover the historic developments on January 1, 2024, as Ethiopia signs a groundbreaking Memorandum of Understanding with Somaliland, establishing a sea gate on the Red Sea. Simultaneously, Ethiopia joins BRICS, marking a dual celebration of diplomatic milestones. Explore the geopolitical implications, celebrations across Ethiopia, and the global significance of these transformative events.

BGI Ethiopia Takes on Massive Expansion and Modernization

BGI-Ethiopia unveils ambitious VISION 2028 plan: brewery giant eyes doubling production, modernizing operations, and reshaping the Ethiopian beverage landscape. Read about potential impacts on employees, competitors, and consumers.

Ethiopian Airlines to Build new Airport City for $5 Billion

Ethiopian Airlines initiates a groundbreaking $5 billion 'Airport City' project to meet soaring customer demands and navigate rapid industry growth. Dive into the details of this strategic move, poised to reshape the aviation landscape and bolster the airline's position in the global market.

Global Bank Ethiopia Announced 836M Birr Pre-tax Profit

Global Bank Ethiopia reports a notable pre-tax profit of 836 million birr and unveils plans for a 50-story headquarters in Addis Ababa. Stay tuned for updates on Ethiopia's evolving banking landscape.

Amhara Bank Fired its CEO and Chief of Corporate Services

Amhara Bank undergoes leadership shakeup—CEO and Corporate Services Chief ousted over alleged poor performance, causing substantial financial setbacks. Explore the details and implications for sustainable growth.

Buna Bank Achieves 1.35 Billion Birr Profit in 2022/23 Fiscal Year

Buna Bank discloses a significant financial milestone, reporting a pre-tax profit of 1.35 billion birr during the latest Annual General Meeting. Explore the details, including increased deposits, substantial loans to key sectors, and a noteworthy commitment to social responsibility, totaling 41.8 million birr.

Ethiopian Securities Exchange (ESX)

Ethiopian Securities Exchange (ESX), driven by transparency, innovation, and efficiency, ESX, under the visionary leadership of Dr. Tilahun Esmael Kassahun, is set to redefine the nation's capital market.

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