Ethiopia Opens Treasury Bill Market to Public as Nascent Exchange Begins Executing Trades

Ethiopia’s stock exchange officially commenced trading, marking a new phase in the country’s economic reform agenda. The debut featured live trades in shares of Wegagen, Gadaa Bank, and T-bills.

Five Ethiopian Insurers Unite under Pula to Protect 10 million Farmers

A new consortium (AICE) is launching to provide insurance for 10M Ethiopian small holder farmers with affordable tech-driven coverage. Kenya based insure-tech Pula is leading the charge.

Ethiopia Partners with Nigerian Billionaire Dangote on Fertilizer Plant, Prime Minister Says

Ethiopia to build a fertilizer plant in partnership with Nigerian billionaire Aliko Dangote, PM Abiy announces. The project is set to be completed in a little over three years.

Siinqee Bank Sees 897% Growth in Deposits, Surpassing 100 Billion Birr in Three Years

In just three years, Siinqee Bank has grown total deposits by 897%, reaching 102.5 billion Birr while surpassing the central banks paid capital requirement well ahead of schedule.

Kazana Group’s Smilepay Debuts as Ethiopia’s Latest Licensed Remittance Platform

Smilepay, a Kazana Group portfolio company, just entered Ethiopia's digital remittance market. Licensed by NBE, it is integrated with 29 banks and aims for cross-border payment efficiency.

Safaricom Averages 30K New Customers Daily in Ethiopia

Safaricom Ethiopia invested roughly 300 billion Birr over four years on its way to 10 million 90-day active subscribers cementing itself as formidable competitive player in Ethiopia's telecom duopoly.

Ethiopia's Central Bank Ends Mandatory T-Bond Purchases

After 3 years, mandatory T-bond buys by commercial banks end. NBE's monetary policy committee says improved revenue & loans will finance the deficit. Credit cap at 18% remains for now.

Nigeria’s Qore Technologies Sets Up Shop in Ethiopia, Betting on a Cloud-First Future

Qore Technologies, the Nigeria-based core banking infrastructure provider, has officially entered Ethiopia, bringing its cloud-native platform to local banks, MFIs, and fintechs.