Capital Market
Wegagen Capital posts ETB 141m revenue, ETB 46.6m pre-tax profit in first full year
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StockMarket.et — Ethiopian capital markets news, analysis and market data
Banking & Finance
NBE Sells USD 500 Million in Special Auction as Birr Firms to 160.21 Birr/USD
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ESX today3 up · 2 down · 1 flatWegagen Bank leads at +5.39%
ABAYB
1,440.00
+2.62%
AWAB
2,411.61
-2.78%
BOAX
1,796.23
-0.11%
GDAB
1,300.00
0.00%
TELE
459.68
+3.81%
WGBX
1,300.00
+5.39%
Latest News
NewsEthiopia Adopts New Cybersecurity Law as Cyberattacks Rise
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BusinessChinese Firms Dominate Shortlist for Ethiopia’s $12.5 Billion Mega-Airport
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OpinionFor Whom Are We Building This?
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Banking & FinanceNBE Forex Auction Demand Surges to $470 Million as Cut-Off Rate Rises to 161.0050 Birr/USD
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BusinessAfroMessage Reports $139.7 Million in Potential FX Expenditure Avoided Through Local SMS Infrastructure
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Banking & FinanceAmhara Bank Appoints Yihnalem Aknaw as New CEO
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Monday Breakfast Stories
The week in Ethiopian markets, over buna.
The Narrow Top
Here is the week in one number. Ten companies paid 254.44 billion birr in tax last fiscal year. That is 48.71 percent of everything Ethiopia’s Large Taxpayers Branch Office collected, from ten names out of 746 on its books. Ethio Telecom alone paid more than every bank and insurance company in the country
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The Handover
The Ethiopian Securities Exchange changed chief executives on Friday. Tilahun Esmael Kassahun (PhD), who carried the exchange from a project office in 2022 to a working securities market in January 2025, is out. Yodit Kassa, who joined in late 2023 and worked her way from Chief Business Development Officer to Chief Operating Officer,
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The Giant is Gianting
A former World Bank president spent this week arguing, in a World Bank working paper, that Ethiopia’s currency float made the poor poorer and handed the winnings to banks and well-connected firms. It is a contested claim, and a minority one inside the institutions that backed the reform. But the rest of the
Read the issueRecent News
News
Ethiopia Adopts New Cybersecurity Law as Cyberattacks Rise
StockMarket.et
Business
Chinese Firms Dominate Shortlist for Ethiopia’s $12.5 Billion Mega-Airport
StockMarket.et
Opinion
For Whom Are We Building This?
StockMarket.et
Banking & Finance
NBE Forex Auction Demand Surges to $470 Million as Cut-Off Rate Rises to 161.0050 Birr/USD
StockMarket.et
Deep Dive
Longer reads on the forces behind the numbers.
- Deep Dive6 min readAre Ethiopians Unwilling to Work Or Is Work Unwilling to Pay?Somewhere along the way, Ethiopia’s stalled job market became a story about laziness. It’s a familiar narrative, usually aimed at the young and the unemployed. And repeated so often it started to sound intuitive, but does Ethiopia’s labour market actually support it? In this article we’re finding out. The theory goes something like this: theRead
- Deep Dive10 min readThe Free Labor Economy In EthiopiaInside Ethiopia’s internship machine, where a generation works for nothing, learns even less, and the bill lands on everyone. The minibus from Ayat to Bole costs more than 30 birr each way. Hiwot, a composite of the many graduates who tell some version of this story, pays it twice a day, five days a week,Read
- Deep Dive7 min readThe Role of Capital Markets in Ethiopia’s Economic TransformationFor the past five decades, banks have been a one-stop shop for Ethiopian businesses to get financing. Before this, Ethiopia had a short-lived stock market in the 1960s and early 1970s called the Share Dealing Group, which operated under the imperial regime. Following the Derg regime, the financial system that followed consolidated almost entirely aroundRead
More Stories
BusinessAfroMessage Reports $139.7 Million in Potential FX Expenditure Avoided Through Local SMS Infrastructure
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Banking & FinanceAmhara Bank Appoints Yihnalem Aknaw as New CEO
StockMarket.et
Capital MarketECMA Registers 234,388 Meba Microfinance Shares, Approves ETB 110 Million Rights Offer
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Capital MarketECMA Registers 11.67 Million Existing Shares of Hibret Bank
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Banking & FinanceGlobal Bank Ethiopia Appoints Sahlemichael Mekonnen as Acting CEO
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Capital MarketESX Founding CEO Dr. Tilahun Esmael Steps Down as Yodit Kassa Takes Over
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