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Capital Market
Ethiopia Clears Path for Mutual Funds, ETFs and REITs as Long-Awaited CIS Directive Takes Effect
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Capital Market
Awash Bank Shares Drive ESX Volume Surge as Trading Jumps More Than Fivefold
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AWAB-2.78%
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
ForexNBE’s 29th FX Auction Undersubscribed Again, But Gap Narrows as All 27 Banks Return
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Capital MarketGadaa Bank Profit Tops Br1 Billion as Assets Reach Br16.5 Billion
StockMarket.etGDAB0.00%
GDAB0.00%
Capital MarketWegagen Bank Profit Rises 13.6%, but Earnings Per Share Fall After Big Capital Increase
StockMarket.etWGBX+5.39%
WGBX+5.39%
Capital MarketWhat Firms Charge to Trade on the ESX
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Capital MarketESX Clears 11 Companies for Listing; First Debut Set for Next Week
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Deep DiveWhy being poor in Ethiopia costs more
Yesuf Hadji
Monday Breakfast Stories
The week in Ethiopian markets, over buna.
☕ Monday Breakfast Stories: Open Books
This week’s number is 21. That is how many years Sheraton Addis went without a profit, according to MIDROC’s chief executive. Hold that thought. Dangote opened his refinery to anyone with 10 shares’ worth of naira. The ESX cleared 11 companies to go public. And Wegagen, our first listed company,
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Enough Dollars
, and melkam addis amet. Here is the week in one number. On Wednesday the National Bank of Ethiopia put USD 125 million in front of the commercial banks. The banks asked for 120. Four weeks earlier, at the 25th auction, those same banks bid USD 470.17 million for USD 125 million and nineteen
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What Got Paid, What Got Built
Two numbers frame this week, and they are almost the same size. The first is 126.9 billion birr. That is what Ethio telecom’s plan puts on the table for the 2026/27 fiscal year: 83.8 billion in direct and indirect taxes, and 43.1 billion in dividends. The tax goes to the treasury. The dividend
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Forex
NBE’s 29th FX Auction Undersubscribed Again, But Gap Narrows as All 27 Banks Return
StockMarket.et
Capital Market
Gadaa Bank Profit Tops Br1 Billion as Assets Reach Br16.5 Billion
StockMarket.etGDAB0.00%
GDAB0.00%Capital Market
Wegagen Bank Profit Rises 13.6%, but Earnings Per Share Fall After Big Capital Increase
StockMarket.etWGBX+5.39%
WGBX+5.39%Capital Market
What Firms Charge to Trade on the ESX
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Deep Dive
Longer reads on the forces behind the numbers.
- Deep Dive6 min readBirr Liquidity Squeeze Lifts Ethiopia’s Interbank Rates Off the Corridor FloorEthiopia’s interbank money market traded 191.3 billion birr in August, but the number that matters is 13.000, the rate banks accepted for two straight weeks before a $500 million central bank dollar sale changed the price of cash. For the first two weeks of August, the weighted average rate in Ethiopia’s local currency interbank moneyRead
- Deep Dive9 min readPaying More, Getting Less: The Hidden Inflation Squeezing Ethiopian ConsumersEthiopia’s headline inflation rate for July 2026 was 15.3%, up from 11.7% in April and 9.4% in March, according to the Ethiopian Statistical Service (ESS). Food inflation alone reached 15% year on year. That number is real, and it is already painful. But here is the uncomfortable question: does 15.3% actually capture everything you areRead
- 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
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Capital MarketESX Clears 11 Companies for Listing; First Debut Set for Next Week
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Deep DiveWhy being poor in Ethiopia costs more
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BusinessEthiopia seeks €400 million from Italian banks to complete Koysha Dam
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BusinessEthiopia Cuts Power Supply to Bitcoin Miners by 75% as Water Levels Fall
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BusinessDangote’s Net Worth Hits $51.3 Billion as Refinery IPO Opens
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BusinessKifiya Enables More Than ETB 100 Billion in Uncollateralized Credit to 815,000 Borrowers
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