Ethiopian Capital Market

𝐓𝐡𝐞 𝐍𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐁𝐚𝐧𝐤 𝐨𝐟 𝐄𝐭𝐡𝐢𝐨𝐩𝐢𝐚 (𝐍𝐁𝐄) 𝐡𝐚𝐬 𝐨𝐟𝐟𝐢𝐜𝐢𝐚𝐥𝐥𝐲 𝐜𝐨𝐦𝐩𝐥𝐞𝐭𝐞𝐝 𝐭𝐡𝐞 𝐩𝐫𝐨𝐜𝐞𝐬𝐬 𝐭𝐨 𝐩𝐞𝐫𝐦𝐢𝐭 𝐧𝐨𝐧-𝐛𝐚𝐧𝐤 𝐩𝐫𝐢𝐯𝐚𝐭𝐞 𝐞𝐧𝐭𝐢𝐭𝐢𝐞𝐬 𝐭𝐨 𝐨𝐩𝐞𝐧 𝐟𝐨𝐫𝐞𝐢𝐠𝐧 𝐞𝐱𝐜𝐡𝐚𝐧𝐠𝐞 𝐨𝐟𝐟𝐢𝐜𝐞𝐬 https://lnkd.in/e2pBtsfC

Historical moment for Ethiopian Financial sector

𝐇𝐢𝐛𝐫𝐞𝐭 𝐁𝐚𝐧𝐤 𝐏𝐫𝐞𝐬𝐢𝐝𝐞𝐧𝐭 𝐌𝐞𝐥𝐚𝐤𝐮 𝐊𝐞𝐛𝐞𝐝𝐞 𝐒𝐭𝐞𝐩𝐬 𝐃𝐨𝐰𝐧 𝐀𝐟𝐭𝐞𝐫 𝐓𝐰𝐨 𝐃𝐞𝐜𝐚𝐝𝐞𝐬 𝐨𝐟 𝐋𝐞𝐚𝐝𝐞𝐫𝐬𝐡𝐢𝐩 Melaku Kebede, the fifth president of Hibret Bank, is stepping down after a 20-year career with the institution. Read more: https://lnkd.in/eDBbknj6

Ethiopian Securities Exchange (ESX) partners with InfoTech Group to launch Ethiopia's first-ever securities exchange cutting-edge trading technology to revolutionize the financial market. Read more: https://lnkd.in/eUp-gs6U

📣 ECMA has a new look! We’re turning the page with a fresh new logo! Stay tuned for more updates as we continue to move forward.

Ethiopian Banks See Surge in Foreign Currency Sales Following Government Announcement on Birr Exchange Rate Floating. #Ethiopia #Economy #Finance #Banking #Forex #Birr #Investment #EconomicGrowth

𝐁𝐫𝐞𝐚𝐤𝐢𝐧𝐠 𝐍𝐞𝐰𝐬: 𝐄𝐭𝐡𝐢𝐨𝐩𝐢𝐚 𝐭𝐨 𝐅𝐥𝐨𝐚𝐭 𝐁𝐢𝐫𝐫 𝐄𝐱𝐜𝐡𝐚𝐧𝐠𝐞 𝐑𝐚𝐭𝐞 For the first time in over half a century, the exchange rate of the Ethiopian Birr will be determined by market forces, starting from Monday July 29, 2024. This significant policy adjustment is part of the broader Home-Grown Economic Reform Program (HGERP) initiated by Prime Minister Abiy Ahmed (PhD). Read more: https://lnkd.in/e4pcvVkd

At the age of 107 still with good stamina Wami Biratu is a celebrated Ethiopian long-distance runner known for his achievements in the 1950s and 1960s. Born around 1917, Biratu had a distinguished athletic career, winning numerous international competitions and earning a significant number of medals. Over his career, he won 30 gold, 40 silver, and 10 bronze medals in various events, including victories in Egypt, Japan, and Czechoslovakia. He was a prominent figure in Ethiopian athletics, once training the famous marathon runner Abebe Bikila. Biratu's career included a notable moment when he was unable to participate in the 1960 Rome Olympics due to illness, which allowed Bikila to step in and achieve historic success. Biratu's influence and mentorship were crucial to the development of many Ethiopian runners during that era. In addition to his athletic achievements, Biratu also served in the military. In 2021, he participated in a commemorative event at the Ethiopian National Palace, celebrating the 60th anniversary of his victory in the Osaka Marathon. Despite his advanced age, Biratu was reported to be in relatively good health and was able to participate in public events. He is described as having a robust presence, attending ceremonies and engaging with the community, which highlights his enduring vitality and strong spirit. Biratu's contributions to Ethiopian athletics and his role as a mentor to other prominent athletes like Abebe Bikila continue to be recognized and celebrated. His legacy in sports remains significant in Ethiopia and beyond, as he symbolizes a pioneering era in the country's rich history of long-distance running (Ethiopians).

Ethiopia and UAE Sign Currency Swap Agreement and MoUs In a significant move to enhance financial cooperation, the Central Bank of the UAE (CBUAE) and the National Bank of Ethiopia (NBE) have signed a bilateral currency swap agreement for the UAE Dirham (AED) and Ethiopian Birr (ETB). #ethiopia #uae #nationalbankofethiopia #nbe #ethiopiancapitalmarket #currency #etb #aed https://lnkd.in/exAE3EbT

ተጨማሪ እሴት ታክስ (VAT) እና የተበላሹ ተሰብሳቢ ሂሳቦች (Bad Debts).