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.

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.

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.

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.

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.

SantimPay Launches Fundraising platform

The company currently handles around half a million transactions daily, amounting to 110 million birr.

Historic Milestone Sees Ethio Telecom Unveil 100 Million Shares

In a historic milestone for Ethiopia's capital market, Ethio Telecom has launched the country's first initial public offering (IPO), unveiling 100 million shares to the public.

Dashen Bank Expands Digitization En Route to Historic 6.4 Billion Profits

Since the launch of Dashen’s partnership with Ethio Telecom, the bank has been able to provide 1,306,158 customers with micro-credit of 8.6 billion birr and collect micro-savings of 474 million birr.