Weekly updates ⬇️⬇️⬇️
💼 i-Capital Africa Earns Advisory License
The Ethiopian Capital Markets Authority licenses i-Capital as the first local investment advisor. (Capital)
What it means for you: A milestone for capital market reforms, creating opportunities for local investors.
💼 i-Capital Africa Earns Advisory License
The Ethiopian Capital Markets Authority licenses i-Capital as the first local investment advisor. (Capital)
What it means for you: A milestone for capital market reforms, creating opportunities for local investors.
Weekly updates ⬇️⬇️⬇️
🏦 $700m World Bank Loan for CBE
Funds will recapitalize CBE and support a 900 billion birr bond issuance for state debt recovery. (The East African)
What it means for you: Improved credit availability and potential state enterprise privatizations.
🛫 Ethiopian Airlines and Air Congo Partnership
Air Congo, a joint venture with a 49% Ethiopian Airlines stake, begins operations. (Birr Metrics)
What it means for you: Enhanced regional connectivity fosters trade and travel opportunities with the DRC.
Don’t forget to follow for more weekly updates!
#Kazana
🏦 $700m World Bank Loan for CBE
Funds will recapitalize CBE and support a 900 billion birr bond issuance for state debt recovery. (The East African)
What it means for you: Improved credit availability and potential state enterprise privatizations.
🛫 Ethiopian Airlines and Air Congo Partnership
Air Congo, a joint venture with a 49% Ethiopian Airlines stake, begins operations. (Birr Metrics)
What it means for you: Enhanced regional connectivity fosters trade and travel opportunities with the DRC.
Don’t forget to follow for more weekly updates!
#Kazana
👍1
የኢትዮጵያ ሰነደ ሙዓለ ንዋዮች ገበያ አ.ማ በኢትዮጵያ የመጀመሪያ የሆነውን የተደራጀ የሰነደ ሙዓለ ንዋዮች ገበያ ለማስጀመር የሚያስችለውን ፈቃድ አገኘ። የኢትዮጵያ ሰነደ ሙዓለ ንዋዮች ገበያ አ.ማ. ይፋዊ የስራ ፈቃድ ከኢትዮጵያ የካፒታል ገበያ ባለስልጣን ማግኘቱን በደስታ ያበስራል።
@patternfin
@patternfin
👍1
Forwarded from CHANNEL 29
በመላው ሀገሪቱ የኃይል መቋረጥ አጋጥሟል ሲል የኢትዮጵያ ኤሌክትሪክ ኃይል አስታወቀ
ዛሬ ማምሻውን በሲስተም አለመረጋጋት በተፈጠረ ችግር የተነሳ በመላው ሀገሪቱ የኃይል መቋረጥ አጋጥሟል ሲል የኢትዮጵያ ኤሌክትሪክ ኃይል አስታውቋል።
ችግሩን በመፍታት የተቋረጠውን ኃይል ወደነበረበት ለመመለስ በኃይል ማመንጫዎች እና በማከፋፈያ ጣቢያዎች ከፍተኛ ርብርብ እየተደረገ ነው ብሏል።
የተፈጠረው ችግር እስኪፈታ ድረስ ደንበኞች በትዕግስት እንዲጠባበቁ ጠይቆ፤ ያሉትን መረጃዎች በፍጥነት የሚያሳውቅ መሆኑንም ገልጿል።
ዛሬ ማምሻውን በሲስተም አለመረጋጋት በተፈጠረ ችግር የተነሳ በመላው ሀገሪቱ የኃይል መቋረጥ አጋጥሟል ሲል የኢትዮጵያ ኤሌክትሪክ ኃይል አስታውቋል።
ችግሩን በመፍታት የተቋረጠውን ኃይል ወደነበረበት ለመመለስ በኃይል ማመንጫዎች እና በማከፋፈያ ጣቢያዎች ከፍተኛ ርብርብ እየተደረገ ነው ብሏል።
የተፈጠረው ችግር እስኪፈታ ድረስ ደንበኞች በትዕግስት እንዲጠባበቁ ጠይቆ፤ ያሉትን መረጃዎች በፍጥነት የሚያሳውቅ መሆኑንም ገልጿል።
👍3⚡1
SantimPay Financial Solutions, a prominent player in Ethiopia's emerging fintech scene, reported gross profits of 86 million birr in a year marked by significant product milestones. The payment operator, backed by 15 shareholders, generated revenues of 152 million birr during the 2023/24 fiscal year.
The startup facilitated transactions worth 18 billion birr, with over 99% of this volume stemming from 44 million transactions processed through its online payment gateway. In comparison, around 19,000 transactions, totaling 30 million birr, were conducted via QR codes.
Transactions from POS devices are absent from the startup's annual figures, as SantimPay has relied on partnerships with banks for their deployment.
Board Chairman Daniel Kitaw (Prof.) congratulated shareholders on two years of success and outlined ambitious growth plans. He credited the company's ability to navigate challenges to its commitment to open communication and transparency.
"I look forward to seeing what we can bring in the future," Daniel stated.
With an Earnings Per Share (EPS) of 337.87 birr, SantimPay delivered notable returns to its shareholders. This EPS is on par with the amount paid out by most banks in Ethiopia while standing out due to the limited number of shares—161,080.
Over the past year, the two-year-old payment operator expanded its asset base to 240 million birr while maintaining liabilities of 29 million birr. The company’s paid-up capital now stands at 158 million birr.
The year also marked a strategic collaboration with banks, with SantimPay undertaking a pilot program involving the deployment of 200 POS devices.
Licensed by the National Bank of Ethiopia as a Payment Gateway Operator and Point of Sale (POS) Operator in 2022, SantimPay operates in a competitive space alongside players such as Arifpay, Chapa, and FenanPay.
In a notable development two months ago, the company launched SantimFundMe, a fundraising platform designed to provide a local alternative in the community-based finance mobilization space. The platform aims to compete with international players, further diversifying SantimPay’s offerings.
Via #Shega
#fintech #santimpay #DFS
@patternfin
The startup facilitated transactions worth 18 billion birr, with over 99% of this volume stemming from 44 million transactions processed through its online payment gateway. In comparison, around 19,000 transactions, totaling 30 million birr, were conducted via QR codes.
Transactions from POS devices are absent from the startup's annual figures, as SantimPay has relied on partnerships with banks for their deployment.
Board Chairman Daniel Kitaw (Prof.) congratulated shareholders on two years of success and outlined ambitious growth plans. He credited the company's ability to navigate challenges to its commitment to open communication and transparency.
"I look forward to seeing what we can bring in the future," Daniel stated.
With an Earnings Per Share (EPS) of 337.87 birr, SantimPay delivered notable returns to its shareholders. This EPS is on par with the amount paid out by most banks in Ethiopia while standing out due to the limited number of shares—161,080.
Over the past year, the two-year-old payment operator expanded its asset base to 240 million birr while maintaining liabilities of 29 million birr. The company’s paid-up capital now stands at 158 million birr.
The year also marked a strategic collaboration with banks, with SantimPay undertaking a pilot program involving the deployment of 200 POS devices.
Licensed by the National Bank of Ethiopia as a Payment Gateway Operator and Point of Sale (POS) Operator in 2022, SantimPay operates in a competitive space alongside players such as Arifpay, Chapa, and FenanPay.
In a notable development two months ago, the company launched SantimFundMe, a fundraising platform designed to provide a local alternative in the community-based finance mobilization space. The platform aims to compete with international players, further diversifying SantimPay’s offerings.
Via #Shega
#fintech #santimpay #DFS
@patternfin
👍2
NBE - Statement of Financial Position.pdf
884.2 KB
የኢትዮጵያ ብሔራዊ ባንክ የሃብት እና ዕዳ መግለጫ ሰኔ 23 ቀን 2014 ለተጠናቀቀው በጀት ዓመት (በኢትዮጵያ ብር)
National Bank of Ethiopia Statement of Financial Position As of 30 June 2022 (In Ethiopian Birr)
Via #Pragma
National Bank of Ethiopia Statement of Financial Position As of 30 June 2022 (In Ethiopian Birr)
Via #Pragma
👍2
How to understand Central Banks balance sheets in 5 minutes.
We often hear about QE, QT, money printing, and similar concepts.
To fully understand these, it's important to go back to the basics.
Here is how the balance sheet of a Central Bank (Fed here) works
➡️ Assets
1️⃣ Securities Held Outright
These are the bonds that the Central Bank owns.
In normal times, this amount is relevatively small but if the Fed embarks in quantitative easing operations it can grow very large.
That's why today the Fed owns $7 trillion (!) worth of securities!
2️⃣ Bank Term Funding Program
One of the Fed Loans program, which was created to stop the bleeding during the March 2023 banking turmoil: banks could lend Treasuries to the Fed and receive liquidity at par whatever the price of their bonds was!
These lending facilities are another way to create liquidity for Central Banks
3️⃣ Gold
Central Banks often own foreign denominated assets and Gold
That's because their corporates sell goods or services abroad, and therefore foreign currencies enter the domestic banking system.
Foreign reserves are used to manage and stabilize FX markets if necessary.
Central Banks also buy Gold to diversify their foreign holdings and have a ''hard'' asset which can't be devalued.
➡️ Liabilities
1️⃣ Currency
The private sector's most used form of money are bank deposits - we move money mostly via bank transfers today.
But coins and bills still exist, and these are a liability for the Fed and an asset for the banking sector.
2️⃣ Reverse repurchase agreements
The famous RRP: a special instrument created for money markets so they could deposit money at the Fed. This was created when T-Bills were yielding 0% and the excess money floating around in MMF could bring T-Bills yield into negative (!) territory.
In order to create a release valve for this excess liquidity, the Fed created the RRP.
3️⃣ Treasury General Account (TGA)
This is the account that the US Treasury department holds at the Fed.
Think of it like their checking account: the government can always choose to unlock some of the money in the TGA and spend it in the real economy or vice versa.
Increases or decreases in the TGA are important to monitor because they tell you whether the government is adding or removing resources to the private sector and liquidity for markets.
❗️Reserve balances ( = LIQUIDITY, in red)
This item is the one most often referred to as ''liquidity'': it's the amount of reserves that US commercial banks hold at the Fed.
Source; Alfonso Peccatiello (LinkedIn)
@PatternFin
We often hear about QE, QT, money printing, and similar concepts.
To fully understand these, it's important to go back to the basics.
Here is how the balance sheet of a Central Bank (Fed here) works
➡️ Assets
1️⃣ Securities Held Outright
These are the bonds that the Central Bank owns.
In normal times, this amount is relevatively small but if the Fed embarks in quantitative easing operations it can grow very large.
That's why today the Fed owns $7 trillion (!) worth of securities!
2️⃣ Bank Term Funding Program
One of the Fed Loans program, which was created to stop the bleeding during the March 2023 banking turmoil: banks could lend Treasuries to the Fed and receive liquidity at par whatever the price of their bonds was!
These lending facilities are another way to create liquidity for Central Banks
3️⃣ Gold
Central Banks often own foreign denominated assets and Gold
That's because their corporates sell goods or services abroad, and therefore foreign currencies enter the domestic banking system.
Foreign reserves are used to manage and stabilize FX markets if necessary.
Central Banks also buy Gold to diversify their foreign holdings and have a ''hard'' asset which can't be devalued.
➡️ Liabilities
1️⃣ Currency
The private sector's most used form of money are bank deposits - we move money mostly via bank transfers today.
But coins and bills still exist, and these are a liability for the Fed and an asset for the banking sector.
2️⃣ Reverse repurchase agreements
The famous RRP: a special instrument created for money markets so they could deposit money at the Fed. This was created when T-Bills were yielding 0% and the excess money floating around in MMF could bring T-Bills yield into negative (!) territory.
In order to create a release valve for this excess liquidity, the Fed created the RRP.
3️⃣ Treasury General Account (TGA)
This is the account that the US Treasury department holds at the Fed.
Think of it like their checking account: the government can always choose to unlock some of the money in the TGA and spend it in the real economy or vice versa.
Increases or decreases in the TGA are important to monitor because they tell you whether the government is adding or removing resources to the private sector and liquidity for markets.
❗️Reserve balances ( = LIQUIDITY, in red)
This item is the one most often referred to as ''liquidity'': it's the amount of reserves that US commercial banks hold at the Fed.
Source; Alfonso Peccatiello (LinkedIn)
@PatternFin
🌍This graphic displays the economic dominance of the United States among the G7 economies in 2024 with a GDP.
#GDP #G7
©️ Invest
@PatternFin
#GDP #G7
©️ Invest
@PatternFin
Quarterly Macroeconomic Updates on the Etiopian Economy.pdf
1.1 MB
Quarterly macroeconomic update!
This quarterly macroeconomic report provides an update on the macroeconomic situation in
Ethiopia, focusing on two key macroeconomic developments with significant implications for the
Ethiopian economy.
#EEA
@PatternFin
#MacroeconomicReform #Forex #HGER
This quarterly macroeconomic report provides an update on the macroeconomic situation in
Ethiopia, focusing on two key macroeconomic developments with significant implications for the
Ethiopian economy.
#EEA
@PatternFin
#MacroeconomicReform #Forex #HGER
Deposit Growth YoY.pdf
28 KB
DEPOSIT GROWTH YEAR ON YEAR- is it increasing at an increasing rate?
Awash Bank, Bank of Abyssinia, Dashen Bank, Hibret Bank & Zemen Bank
@PatternFin
Awash Bank, Bank of Abyssinia, Dashen Bank, Hibret Bank & Zemen Bank
@PatternFin
The Ethiopian banking sector is transforming as it adapts to new challenges and opportunities post-2024. While the industry celebrated a "golden year" in 2020-21, driven by favorable policies and economic recovery, the future presents a more complex environment. Challenges such as inflation, market saturation, rising competition, and the introduction of Ethiopia’s capital market have prompted CEOs of major banks to underscore the need for strategic recalibration. The status and strategies of key banks reflect varying levels of preparedness and adaptability to these emerging dynamics.
Although deposits continue to grow in absolute terms year on year, the rate of increase has been on a declining trend. The exceptional growth observed during the 2020-21 period, fueled by regulatory changes and economic recovery, has not been sustained at the same pace in subsequent years. Factors such as inflation, market saturation, and emerging alternatives like TeleBirr and soon capital market might accelerate the slow-down momentum. To address these challenges, banks must innovate and focus on customer-centric strategies to ensure sustained growth and competitiveness in a transforming financial landscape.
©️#M_Tesfaye, FCCA, MBA
#AwashBank #BankofAbysinia #DashenBank #HibretBank #ZemenBank #TeleBirr #LIB #CBE
@PatternFin
Although deposits continue to grow in absolute terms year on year, the rate of increase has been on a declining trend. The exceptional growth observed during the 2020-21 period, fueled by regulatory changes and economic recovery, has not been sustained at the same pace in subsequent years. Factors such as inflation, market saturation, and emerging alternatives like TeleBirr and soon capital market might accelerate the slow-down momentum. To address these challenges, banks must innovate and focus on customer-centric strategies to ensure sustained growth and competitiveness in a transforming financial landscape.
©️#M_Tesfaye, FCCA, MBA
#AwashBank #BankofAbysinia #DashenBank #HibretBank #ZemenBank #TeleBirr #LIB #CBE
@PatternFin
👍1
አንበሳ ኢንተርናሽናል ባንክ አ.ማ.
አንበሳ ኢንተርናሽናል ባንክ አ.ማ. በተገባደደው የበጀት ዓመት ከታክስ በፊት ብር 940.7 ሚሊዮን ትርፍ አስመዘገበ ይህ አሃዝ ካለፈው ዓመት ተመሳሳይ ወቅት ጋር ሲነፃፀር የ26 በመቶ ጭማሪ አሳይቷል፡፡ የባንኩ ጠቅላላ ሀብት እስከ ተገባደደው በጀት ዓመት ድረስ ብር 43.1 ቢሊዮን ደርሷል። አጠቃላይ የተቀማጭ ገንዘብ መጠን ደግሞ ብር 35.6 ቢሊዮን የደረሰ ሲሆን፤ ካለፈው ዓመት ተመሳሳይ ወቅት ጋር ሲነፃፀር የ30 በመቶ ዕድገት እና ጠቅላላ የአስቀማጭ ደንበኞች ቁጥር 2 ሚሊዮን ደርሷል ይህም ካለፈው የበጀት ዓመት በ19 በመቶ ዕድገት ማስመዝገብ ተችሏል፡፡ (Capital)
@PatternFin
አንበሳ ኢንተርናሽናል ባንክ አ.ማ. በተገባደደው የበጀት ዓመት ከታክስ በፊት ብር 940.7 ሚሊዮን ትርፍ አስመዘገበ ይህ አሃዝ ካለፈው ዓመት ተመሳሳይ ወቅት ጋር ሲነፃፀር የ26 በመቶ ጭማሪ አሳይቷል፡፡ የባንኩ ጠቅላላ ሀብት እስከ ተገባደደው በጀት ዓመት ድረስ ብር 43.1 ቢሊዮን ደርሷል። አጠቃላይ የተቀማጭ ገንዘብ መጠን ደግሞ ብር 35.6 ቢሊዮን የደረሰ ሲሆን፤ ካለፈው ዓመት ተመሳሳይ ወቅት ጋር ሲነፃፀር የ30 በመቶ ዕድገት እና ጠቅላላ የአስቀማጭ ደንበኞች ቁጥር 2 ሚሊዮን ደርሷል ይህም ካለፈው የበጀት ዓመት በ19 በመቶ ዕድገት ማስመዝገብ ተችሏል፡፡ (Capital)
@PatternFin
አማራ ባንክ
አማራ ባንክ ከኪሳራ ተስፈንጥሮ በመዉጣት ከ 550 ሚሊዮን ብር በላይ የተጣራ ትርፍ ማስመዝገብ መቻሉን አስታዉቋል ። ከ 140 ሺህ በላይ ባለአክሲዮኖችን በመያዝ የባንክ ዘርፉ ላይ እየተንቀሳቀሰ የሚገኘዉ ባንኩ በ2015/16 ሂሳብ ዓመት አጠቃላይ ገቢ በ146 በመቶ እድገት አሳይቶ ብር 4.4 ቢሊየን ደርሷል ብሏል።
ዋና ስራ አስፈፃሚው ዮሐንስ አያሌዉ (ዶ/ር) በበኩላቸው ደግሞ እንደተናገሩት የባንኩን የካፒታል ገበያ ስራዎች ዝግጁነት ለማሳደግ የካፒታል ገበያ እና የኢንቨስትመንት ባንኪንግ ፕሮጀክቶችን በማዘጋጀት ላይ እንገኛለን ብለዋል።የባንኩ የሃብት መጠን 35.2 ቢሊየን ብር መድረሱን እና የመደበኛና የወለድ ነጻ የባንክ አገልግሎት አጠቃላይ ተቀማጭ በ26 በመቶ ጨምሮ ወደ 25.1 ቢሊየን ብር ማደጉን በሪፖርቱ ገልጿል ። (LIB Page)
@PatternFin
አማራ ባንክ ከኪሳራ ተስፈንጥሮ በመዉጣት ከ 550 ሚሊዮን ብር በላይ የተጣራ ትርፍ ማስመዝገብ መቻሉን አስታዉቋል ። ከ 140 ሺህ በላይ ባለአክሲዮኖችን በመያዝ የባንክ ዘርፉ ላይ እየተንቀሳቀሰ የሚገኘዉ ባንኩ በ2015/16 ሂሳብ ዓመት አጠቃላይ ገቢ በ146 በመቶ እድገት አሳይቶ ብር 4.4 ቢሊየን ደርሷል ብሏል።
ዋና ስራ አስፈፃሚው ዮሐንስ አያሌዉ (ዶ/ር) በበኩላቸው ደግሞ እንደተናገሩት የባንኩን የካፒታል ገበያ ስራዎች ዝግጁነት ለማሳደግ የካፒታል ገበያ እና የኢንቨስትመንት ባንኪንግ ፕሮጀክቶችን በማዘጋጀት ላይ እንገኛለን ብለዋል።የባንኩ የሃብት መጠን 35.2 ቢሊየን ብር መድረሱን እና የመደበኛና የወለድ ነጻ የባንክ አገልግሎት አጠቃላይ ተቀማጭ በ26 በመቶ ጨምሮ ወደ 25.1 ቢሊየን ብር ማደጉን በሪፖርቱ ገልጿል ። (LIB Page)
@PatternFin
Siket Bank
Siket Bank announced impressive financial results, with a net profit of 1.54 billion Br, representing a 50pc surge from the preceding year. The bank's paid-up capital witnessed a 25pc increase, reaching 5.46 billion Br, exceeding the minimum capital requirement set by the National Bank of Ethiopia.
The bank’s stellar financial performance is further evidenced by a substantial 36pc growth in total deposits, which now stand at 4.9 billion Br. Formerly Addis Credit & Saving Institution, Siket Bank has made significant investments in its infrastructure, implementing a new core banking system and constructing a state-of-the-art data center. (Addis Fortune)
@PatternFin
Siket Bank announced impressive financial results, with a net profit of 1.54 billion Br, representing a 50pc surge from the preceding year. The bank's paid-up capital witnessed a 25pc increase, reaching 5.46 billion Br, exceeding the minimum capital requirement set by the National Bank of Ethiopia.
The bank’s stellar financial performance is further evidenced by a substantial 36pc growth in total deposits, which now stand at 4.9 billion Br. Formerly Addis Credit & Saving Institution, Siket Bank has made significant investments in its infrastructure, implementing a new core banking system and constructing a state-of-the-art data center. (Addis Fortune)
@PatternFin