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Ethiopia, Kenya Agree to Potential Cross-Listing of Companies on Exchanges

ESX aims to accelerate its growth by learning from the experiences of the third-oldest African exchange, the NSE.

Zemen Bank Powers Up Against Competition with Over Half a Billion Dollars in FX

The Bank's financial stability remains solid, with paid-up capital reaching 7.5 billion birr, providing a cushion of 2.5 billion birr above the central bank’s 2026 deadline.

Hijra Bank Unveils Full-Fledged Sharia-Compliant Digital Lending Platform

According to the latest central bank figures, there are over 22 million interest-free accounts in Ethiopia, holding nearly 205 billion birr in deposits.

Research Institute Looks to Juice Up Avocado Oil Production in Households

Ethiopia produced nearly 245,335 metric tons of avocados in 2022 from nearly 31,000 hectares. Exports of the fruit have also increased by around 11% annually.

Shadowy Business Firm Offers Smartphones For 40% Down Payment in Addis Ababa

Several smartphone sellers have jumped on the bandwagon, actively encouraging customers to purchase devices from their shops through the loan scheme.

Tech Firms Team Up with Ethiopian Government to Manufacture Medical Device Designed for Off-Grid Communities

ICT Park is set to play a pivotal role in the partnership by serving as a hub for the local manufacturing and assembly of the devices