Ethiopia Stock Exchange ESX, likely to be inaugurated in coming days, is hoping to list over 90 businesses on its boards reportedly. The number of initial public offerings (IPOs) at the maiden bourse could surpass…
The long-awaited Ethiopian Stock Exchange (ESX) will officially start its work this month. The stock market, established on the basis of public and private partnership, has been raising required capital by engaging local and foreign…
The government of Ethiopia has cancelled Franco Valuta. Franco Valuta was allowed by the Ethiopian government over 2 months ago. Under Franco Valuta, importers can bypass conventional banking channels, use their foreign accounts to import…
National Bank of Ethiopia (NBE) today lifted restrictions on the transfer of money from bank accounts to Telebirr. The Ethiopian banking regulator made this decision after it received complaints about private denying transfer of money…
In Tog Wajaale Ethiopia, mobile phone service has been suspended. Tog Wajaale is situated on the border between Ethiopia and Somaliland. Tog Wajaale is the hub of Ethiopian currency’s black market. Ethiopians and Somalis from…
Ethiopian Prime Minister Abiy Ahmed today accused foreign embassies of running Ethiopian black market. He passed these remarks responding to questions raised by the members of the Ethiopian House of People’s Representatives (HoPR). Prime Minister…
The International Monetary Fund (IMF) on Friday appreciated the Ethiopian govt for macro economic reforms. The lending institution, in its executive board’s meeting, allowed disbursement of $340.7 million to Ethiopia while approving the first review…
Ethiopian Securities Exchange (ESX) has signed a Memorandum of Understanding (MoU) with the Nairobi Securities Exchange (NSE) and the i-Capital Africa Institute. The MoU is aimed at promoting cross-border investments, knowledge exchange, and capacity building.…
Ethio Telecom on Wednesday released a document called “Ordinary Share Sale Prospectus” for those interested in buying its shares. You can download the document HERE. The state owned Ethiopian Telecommunication company has offered 100 million…
Ethio Telecom on Wednesday offered its stocks for sale to individuals. Ethiopian citizens can buy Ethio Telecom shares on Telebirr mobile application. Institutions are now permitted to buy the stocks. Prime Minister of Ethiopia Abiy…