Ethio Telecom to Kickstart Ethiopian Securities Exchange with 10% Listing
Ethio Telecom will be the first company to list on the Ethiopian Securities Exchange (ESX), the country's new bourse kicks off next week. Ethio Telecom enjoyed a virtual monopoly until [...]
Ethiopia Replaces President Sahle-Work Zewde with Foreign Minister Taye Astike
Ethiopia has replaced Africa's second most-populous first female President Sahle-Work Zewde with the country's foreign minister Taye Astike Selassie, 68. Ethiopia is in an economic crisis with multiple internal crisis, [...]Ethiopia's Debt Haircut Proposal Spooks Investors
Ethiopia's announcement of a plan that will see bondholders forced to take a 20% haircut during the ongoing debt restructuring process has spooked investors. The terms they offered last year [...]AfDB Approves $40million Risk Cover for Ethiopia's Dashen Bank
The African Development Bank Group (AfDB) has approved a $40mn risk cover to support Dashen Bank's trade finance activities. This much-needed guarantee facility will be instrumental in expanding our bank’s [...]
