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Ethiopia’s State-Owned Bank Mops Up 58% of Deposits in Banking Industry

The Commercial Bank of Ethiopia is the only bank that qualified as a large bank in the latest financial stability report by the National Bank of Ethiopia.

Ethiopia Primes Exchange Market for Foreign Investors Capped at 30%

EIH has 40 state-owned enterprises under its portfolio, including Africa’s biggest national carrier, Ethiopian Airlines, and one of the continent’s largest telecom operators in the form of Ethio Tel.

Ethiopian Social Enterprise Creates Braille Engraved Menus for Visually Impaired Patrons

According to Orbis International, around 5.4 million people in Ethiopia are living with blindness or vision loss.

Cross-Border African Startup Dizzitup Eyes Ethiopian Market

Dizzit has raised around $600K in a single round of pre-seed funding and targets raising around $5 million in second-round funding in July.

Safaricom’s M-Pesa Partners with Dashen Bank, CashGo for Remittance Services

Dashen and M-Pesa are offering a 10% additional markup on average exchange buying rates for a limited time to entice new customers.

Extreme Poverty Levels are Rising in Africa: UN Report

The UN's World Economic Situation and Prospects 2025 outlines lingering debt sustainability risks, balance of payments constraints, and a shrinking fiscal space across Africa.