News

Ethiopia Looks to U.S. Regulators for Insights Ahead of Stock Exchange Launch

There were 653 unicorn startups with a combined value of 630 billion dollars that participated in the US capital markets in 2023.

Ethiopian Taxpayers Rush to Printing Press as Government Puts Three Month Deadline for QR Codes on Receipts

The Revenues Ministry has issued an ordinance that requires the printing of QR codes on payment receipts issued by Ethiopian taxpayers in eight cities within three months.

Crypto Market Reacts to Trump’s Win, Bitcoin Hits Historic Highs

The surge in cryptocurrency has also sparked excitement among local crypto enthusiasts.

ECMA Sets One-Year Compliance Deadline for Public Share Issuers

Any future public share issuances must be registered and approved by the Authority following the directives’ publication on ECMA’s website.

Ethiopia's Gig Economy Takes Center Stage at Africa Celebrates 2024 Event

During a panel discussion at the event, it was stated that regulatory sandboxes should be designed to help gig platforms thrive.

Wegagen Bank Resurges to Historic Profits

In July 2024, Wegagen launched a digital lending platform, Efoyta, in collaboration with Kifiya to support MSMEs with loans ranging from 5,000 to 50,000 birr.

EthSwitch Sees P2P Transactions Overtake ATMs in Value

Although ATM transactions maintained a higher volume at 94.5 million, their total value reached 123.2 billion birr, trailing behind P2P transfers.

This Platform Tackles Labor Force Gender Divide with Female Only Job Recruitment

A recent report by the UN indicates that the unadjusted or raw gender pay gap in Ethiopia is 30.3% when considered at the hourly level and 35.1% when considered at the monthly level.