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Capital News
Nyala insurance unveils the “NISCO Reimagined” strategy as it celebrates its 30th anniversary
Nyala Insurance Company S.C. has reported total assets exceeding 7 billion Birr and paid-up capital of more than 2 billion Birr as it marks...
Capital News
Ethiopia’s OTC market targets 8 securities outside main listing requirements
Ethiopia’s securities market is preparing to accommodate eight securities through an over-the-counter (OTC) market, offering an alternative trading platform for companies that do not...
Capital News
Dashen Air Pay service officially goes operational to bridge the gap between businesses and customers
Dashen Bank has officially launched a revolutionary new digital payment solution named “Dashen Air Pay.” Aimed at transforming everyday commercial interactions, the newly introduced...
Capital News
BitFuFu evaluates terminating $4.1M Ethiopian bitcoin mining deal amid power dispute
Nasdaq-listed Bitcoin mining operator BitFuFu Inc. is reassessing its planned acquisition of an 80-megawatt (MW) mining facility in Ethiopia. The deal has stalled following...
Capital News
Ethiopia targets 4.4 million off-grid connections under new electrification plan
Ethiopia has officially launched its National Electrification Program 3.0 (NEP 3.0), a strategic national framework aimed at expanding electricity access, improving service reliability, and...
Capital News
Weighted average dollar rate falls to 159.70 birr in NBE latest auction
Ethiopia’s weighted average exchange rate for successful bids in the foreign exchange auction fell to 159.70 birr per US dollar in the latest round...
Capital News
After three decades, UN mission in Somalia prepares to close operations
The United Nations Transitional Assistance Mission in Somalia (UNTMIS) will cease operations on October 31, ending more than three decades of direct UN mission...
Capital News
No African Country Meets Malabo Agricultural Development Benchmark, FAO
No African country met the overall agricultural development benchmark under the Malabo Declaration, highlighting persistent gaps in public investment, agricultural research, and the implementation...
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