- The National Bank of Ethiopia's recent foreign exchange auction saw bids total $152.09 million against allocations of $140 million, resulting in an 8.6 percent oversubscription.
- The Ethiopian Securities Exchange has expanded its network, admitting PrizeWorth Investment Bank S.C. as its ninth Trading Member.
- Mastercard is moving to seek regulatory approval to provide domestic payments services within Ethiopia.
- The Capital Market Authority is currently drafting regulations to limit foreign portfolio investments in listed companies.
Addis Fortune (@addis_fortune)
Ethiopian Birr Weakens Slightly Against Dollar Across 29 Banks
The Birr experienced a slight weakening against the dollar over the last week on the boards of 29 banks.
Addis Fortune (@addis_fortune)
Mastercard Seeks Ethiopian Domestic Payments Approval
Mastercard is seeking regulatory approval to launch its domestic payments services in Ethiopia.
Addis Fortune (@addis_fortune)
Central Bank forex auction draws $152.09 million in bids
On October 13, 2026, the Central Bank's forex auction drew $152.09 million in bids, with 140 million dollars allocated.
Addis Fortune (@addis_fortune)
PrizeWorth Becomes Ninth ESX Trading Member
PrizeWorth Investment Bank S.C. joined the Ethiopian Securities Exchange as its ninth Trading Member.
Addis Fortune (@addis_fortune)
Addis Fortune Releases Fortune Finance Magazine, Vol. 3
Addis Fortune released the third volume of Fortune Finance Magazine to review bank performance in the past fiscal year.
Addis Fortune (@addis_fortune)
Ethiopian Banks Face Dispute Over Secondary Trading Ahead of AGMs
Disputes concerning the secondary market and the Ethiopian Securities Exchange are emerging as banks prepare for annual general meetings.
Addis Fortune (@addis_fortune)
Ethiopia's Birr Shows Four Prices in Money Market
The Birr carries four prices in the money market: banks lend at 13 percent and the four-week Treasury bill cleared at 1.95 percent.
Addis Fortune (@addis_fortune)
Ethiopia's Central Bank Sells $140 Million at Auction
On October 13, the National Bank of Ethiopia sold 140 million dollars at the foreign exchange auction, facing bids of $152.09 million.
Addis Fortune (@addis_fortune)
Central Bank sells $140 million at forex auction
The central bank sold 140 million dollars at its foreign exchange auction with a weighted average rate of 159.70 birr to the dollar.
Addis Fortune (@addis_fortune)
Birr Metrics
Zamzam Bank Reports 1.8 Billion Birr Pre-Tax Profit
Zamzam Bank posted a 1.8 billion Birr pre-tax profit, with deposits reaching 144 percent of target and digital users increasing over 150 percent.
Birr Metrics
Dashen Bank and ShebaMiles Launch Co-Branded Platinum Mastercard Debit Card
Dashen Bank and ShebaMiles launched a Platinum co-branded Mastercard debit card on October 21, 2026.
Birr Metrics
ESX Admits Prize Worth as Ninth Trading Member
The Ethiopian Securities Exchange admitted Prize Worth Investment Bank S.C. as its ninth trading member on October 22, 2026.
Birr Metrics
Addis Fortune
Ethiopian Regulator and Securities Exchange Disagree Over Shareholder Rights
The Capital Market Authority and the Securities Exchange disagree on which entity sets the shareholder voting cut-off date.
Addis Fortune
Mastercard Seeks Approval to Enter Ethiopia's Domestic Payments Market
Mastercard seeks regulatory entry into Ethiopia's domestic payments market, targeting local services for the 21 percent of adults currently transacting digitally.
Addis Fortune
Dashen Bank (Telegram)
Dashen Bank, Mastercard and Sheba Miles Launch Platinum Card in Addis Ababa
Dashen Bank, Mastercard, and Sheba Miles launched a Platinum Card offering rewards and lounge access at Sheraton Addis.
Dashen Bank (Telegram)
Dashen Bank posts daily foreign exchange rates
Dashen Bank published its daily foreign exchange rate for October 14, 2019 E.C., offering a 10% incentive bonus for international money transfers.
Dashen Bank (Telegram)
National Bank of Ethiopia (Telegram)
Ethiopia's central bank issues foreign exchange auction notice No. 31
The National Bank of Ethiopia published Foreign Exchange Auction Notice No. 31, offering no specific details regarding terms or amounts.
National Bank of Ethiopia (Telegram)
National Bank of Ethiopia Releases Results of Foreign Exchange Auction No. 31
The National Bank of Ethiopia published the results of Foreign Exchange Auction No. 31, providing no figures or additional details.
National Bank of Ethiopia (Telegram)
Addis Standard (@addisstandard)
Pakistan and Ethiopia Discuss Banking Ties
Ethiopia and Pakistan held discussions to strengthen banking connectivity to promote bilateral trade and investment.
Addis Standard (@addisstandard)
Fana (English)
Ethiopia's Justice Ministry Prosecutes 13 in ELMIS Corruption Case
The Ministry of Justice began prosecuting 13 suspects in a corruption case involving the Labor Market Information System, recovering $965,508 in cryptocurrency.
Fana (English)
The Ethiopian Economist View (Telegram)
Ethiopian Economist View asks why banks merge
An opinion piece questioned the practice of bank mergers and the possibility of increasing collaboration among financial institutions.
The Ethiopian Economist View (Telegram)
stockmarket.et (Telegram)
Ethiopian Markets Roundup: New Trading Member, Fund Chief, Bank Profit
Siinqee Bank's founding president, Neway Megersa, is set to lead the Oromia Sovereign Fund.
stockmarket.et (Telegram)
The Reporter Ethiopia
Ethiopia Drafts Caps on Foreign Portfolio Stakes in Listed Firms
The Capital Market Authority proposed draft regulations to cap foreign portfolio holdings, limiting individual shares to 10 percent.
The Reporter Ethiopia
Development Bank of Ethiopia (Telegram)
Ethiopian Development Bank Hands Over 11 Claas Combine Harvesters
The Development Bank of Ethiopia delivered 11 Claas
Development Bank of Ethiopia (Telegram)
Ethiopian Business Review (Telegram)
Dashen Bank, Ethiopian Airlines and Mastercard launch ShebaMiles Platinum card
Dashen Bank co-launched a Platinum prepaid Mastercard with ShebaMiles, offering lounge access and fast track services.
Ethiopian Business Review (Telegram)
Sheger FM
Amiyu Engineering and Zemzem Bank Partner to Import Tractors
Amiyu Engineering and Zemzem Bank partnered to jointly import tractors for the agricultural sector using interest-free Musharakah financing.
Sheger FM
Ethiopian Securities Exchange
Prize Worth Investment Bank Joins Ethiopian Securities Exchange as Ninth Trading Member
Prize Worth Investment Bank S.C. became the ninth Trading Member of the Ethiopian Securities Exchange on October 22, 2026.
Ethiopian Securities Exchange
Capital Ethiopia
Mastercard brings AI and tokenization to Ethiopia's digital payments
Mastercard is utilizing artificial intelligence and tokenization to bolster Ethiopia's digital payment ecosystem security.
Capital Ethiopia
Commercial Bank of Ethiopia (Telegram)
Ethiopia Commercial Bank Holds Discussion on Service Quality and Customer Satisfaction
Ethiopia Commercial Bank's Communication District met to improve service quality and customer satisfaction via social media platforms.
Commercial Bank of Ethiopia (Telegram)
Ethiopian Capital Market Authority
ECMA Opens Draft Foreign Portfolio Investment Regulation to Public Comment
The Capital Market Authority opened its Draft Foreign Portfolio Investment Regulation to public comment on October 27, 2026.
Ethiopian Capital Market Authority
Sent by the Observatory.