News

Wegagen Bank Reports Record Profits but Faces Shareholder Scrutiny Over All-Male Board

Wegagen Bank posts a 73% profit surge to 3.85B birr, surpasses NBE’s paid capital target ahead of schedule. Shareholders call for gender diversity on its all-male board.

Ethio Telecom vs Safaricom Ethiopia: World Bank Sounds Alarm Over Lack of Fair Play

Ethiopia’s telecom boom faces a reality check: A new World Bank report warns Ethio Telecom’s dominance could stall progress unless regulators act fast.

Ethiopia’s Supreme Court to Require Digital Filing of Key Legal Documents

Ethiopia’s Supreme Court is set to begin requiring digital copies of appeals, motions, and statements of defense starting tomorrow.

Ethiopia's Drug Watchdog Earns Elite WHO Status Amid Push for Local Pharma Production

Ethiopia hits a rare global benchmark in drug oversight, but local pharmaceutical production still lags behind imports.

Ethiopia Licenses New Capital Market Firms, but Trading Still Lags

Ethiopia’s capital market adds 3 new players, including its first private limited investment bank. Market activity, however, remains subdued.

Visa and Santimpay to Roll Out 20,000 PoS Machines Across Ethiopia

Visa is betting big on Ethiopia’s cash-heavy economy. Partnering with Santimpay, they’ll deploy 20,000 PoS machines this year.

Ethiopia Loosens Its Grip on Lending, but Warily

More credit, but not too much. Ethiopia’s MPC raises the lending cap by six percentage points while holding the policy rate at 15%.

EuroCham Backs EUDR Delay, Citing Ethiopia’s Smallholder Coffee Compliance Risks

EuroCham urges EU to delay deforestation rules, citing Ethiopia’s smallholder coffee challenges.