Ethiopia’s much-anticipated Securities Exchange (ESX) is poised to begin official trading next week, signaling a transformative moment for the country’s financial sector. Following successful pilot transactions conducted two weeks ago, the ESX is now ready to fully operate, opening new avenues for investment and economic growth.
Since its establishment in October 2023, the ESX has garnered significant attention and support from both local and international investors. The capital raising campaign, launched in November 2023, exceeded expectations by securing 1.5 billion birr (approximately $26.6 million), surpassing the initial target by an extraordinary 631%. This capital infusion came from 48 institutional investors across finance and non-financial sectors, with coordinated efforts spanning Addis Ababa, Nairobi, and London.
The ESX operates under a pioneering public-private partnership model, with the Ethiopian government holding a 25% stake through Ethiopian Investment Holdings, while...
In the rapidly evolving landscape of digital finance, few individuals stand out as prominently as Bruke Gebreyes. As the Co-Founder and CEO of Addispay Financial Technology S.C., Bruke is at the forefront of driving financial inclusion and technological advancement in Ethiopia. With extensive experience in digital finance leadership, consulting on national initiatives, and a strong focus on business transformation, he is reshaping how financial services are delivered in a country where traditional banking remains a challenge for many.
In this interview with Capital, Bruke shares his insights on the role of fintech solutions in addressing banking penetration and cash dependency,...
For more than a century, the Mohan family has been a fixture in Ethiopia’s business landscape, tracing its roots back to the arrival of Mr. Mayur Suryakant Kothari’s grandfather in 1915. Now leading Mohan Group of Companies as CEO, Harsh Kothari represents the fourth generation of his Indian-Ethiopian family, guiding the company through an era of historic economic transformation. With academic credentials from the University of the West of England and the University of Warwick, Harsh Kothari brings both legacy and global perspective to the challenges and opportunities facing Ethiopia today.
In this interview with Capital, Harsh Kothari discusses the...
DATE: 25 June 2025
The Office of the United Nations High Commissioner for Refugees (UNHCR), Representation Office in Ethiopia, Addis Ababa, invites qualified and registered Contractors / Suppliers to participate in the following tender:
SN TENDER SUBJECT CLOSING DATE 1 TENDER REFERENCE NO: RFQ/HCR/AA/2025/011 For Supply and delivery Sanitary Pads to UNHCR operations in Ethiopia. 03 July 2025: 23:59 Hrs. (Ethiopian Time)
Details for Tender Ref: RFQ/HCR/AA/2025/011 should be requested via email only by sending your request to ETHADSMS@unhcr.org clearly indicating the reference number in the subject line.
Submission of bids must also be made through ETHADSMS@unhcr.org.
Tender documents will be available from Wednesday, 25 June 2025 to Thursday, 3 July 2025 during the following working hours:
Monday to Thursday 09:00–12:00 and 14:00–16:00
Friday: 09:00–14:00
All tender submissions must comply with the requirements stated in the tender documents and must be typewritten, computer-generated, or in PDF format.
Submissions received after the deadline (tender closing date) will not be accepted.
SUPPLY MANAGEMENT SERVICES,
ADDIS ABABA, ETHIOPIA
A new international prize, the BRICS Literature Award, was officially launched today during a press conference hosted by TASS. The award, established at the BRICS Forum “Traditional Values” in November 2024, aims to promote cultural exchange and highlight the importance of literature in strengthening humanitarian ties among BRICS nations.
The event featured prominent figures including Sergey Stepashin, President of the...
A new memoir by Ethiopian-American educator and community leader Aster Bato Mohamed is touching hearts and inspiring readers with its powerful message of faith, resilience, and hope. Titled "The Joy of Walking by Faith," the book chronicles Mohamed’s remarkable journey from a humble village in Ethiopia to becoming an influential figure in the United States.
Aster Mohamed’s story is deeply...
"Bulldozer politics" refers to a form of governance characterized by decisive, top-down decision-making, the rapid execution of infrastructure projects,...
In the modern era of nation-building, the interplay between personal leadership narratives and national development trajectories has grown increasingly...
South Africa’s Minister of Mineral and Petroleum Resources, Mr Gwede Mantashe has committed to attend the four-day AOW energy event (https://AOWEnergy.com/) in Cape Town from 7 – 10 October.
AOW: Investing in African Energy brings together industry leaders to develop policy, share discoveries, secure investment, and shape Africa’s energy future. This year’s event will feature more than 1 600 senior delegates, 80 ministers and officials from 70+ countries and representatives of more than 760 companies.
Announcing Mantashe’s confirmed attendance, Chief Executive Officer of Sankofa Events, Paul Sinclair...
On the back of major investments from multilateral finance institution the African Development Bank, The Gambia is poised to increase its electrification rate to 70% – 50% in rural areas – by the end of the year. In the wake of the country’s burgeoning energy sector, The Gambia’s Minister of Petroleum and Energy Nani Juwara will participate as a speaker at this year’s African Energy Week (AEW): Invest in African Energy 2024 conference, which takes place in Cape Town from November 4-8.
The Gambia represents...