NBE - Branches in Special Economic Zone.pdf
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According to NBE's draft directive, a bank shall, on an ongoing basis, meet the following requirements to be able to open a branch and operate a banking business in a special economic zone (SEZ):
👉 A market share of at least two percent of the total assets of the banking sector;
👉 The capital adequacy ratio of two percentage points higher than the minimum requirement for the last four consecutive quarters;
👉 Liquidity ratio of three percentage points above the minimum liquidity requirement the last three consecutive months; and
👉 Non-performing loans ratio not exceeding the 5% maximum regulatory requirement stated under Directive No. SBB/90/2024 (and the amendments thereof) for the last four consecutive quarters.
Banks currently operating in SEZs are required to comply with the requirements of the new draft directive within one year failure of which may result in relocation or closure of the branch.
@PatternFin
👉 A market share of at least two percent of the total assets of the banking sector;
👉 The capital adequacy ratio of two percentage points higher than the minimum requirement for the last four consecutive quarters;
👉 Liquidity ratio of three percentage points above the minimum liquidity requirement the last three consecutive months; and
👉 Non-performing loans ratio not exceeding the 5% maximum regulatory requirement stated under Directive No. SBB/90/2024 (and the amendments thereof) for the last four consecutive quarters.
Banks currently operating in SEZs are required to comply with the requirements of the new draft directive within one year failure of which may result in relocation or closure of the branch.
@PatternFin
ኢትዮ ቴሌኮም የእንሰሳት አርቢዎች "የብድር እና የኢንሹራንስ አገልግሎት" በቀላሉ ማግኘት የሚያስችላቸውን ቴክኖሎጂ ወደ ስራ ማስገባቱን አስታወቀ
በኢትዮጵያ ቀዳሚው የቴሌኮም አገልግሎት አቅራቢ የሆነው ኢትዮ ቴሌኮም የድርጅት ደንበኞችን እና ተቋማትን አቅም የሚገነቡ እና የሚያዘምኑ በክላውድ አገልግሎት ላይ የተመሰረቱ የዲጂታል ሶሉሽኖችን ይፋ አደርጓል።
ከእነዚህም መካከል አንዱ ትኩረት የሚስብ የዲጂታል ላይቭስቶክ ትራኪንግ (የእንስሳት ዲጂታል ክትትል) ሲሆን፣ ይህ ሶሉሽን የእንስሳት እርባታን ዘመናዊ በማድረግ እና ምርታማነትን በማሳደግ ረገድ ትልቅ ሚና ይጫወታል ተብሏል።
የተቋሙ ዋና ስራ አስፈፃሚ ፍሬህይወት ታምሩ እንደተናገሩት ይህን ቴክኖሎጂ በመጠቀም ገበሬዎች እና እንስሳት አርቢዎች የከብቶቻቸውን እንቅስቃሴ እና ጤና መከታተል፣ እንዲሁም የብድር እና የኢንሹራንስ አገልግሎቶችን ማግኘት ይችላሉ።
ኢትዮ ቴሌኮም በክላውድ ላይ የተመሰረቱ 7 አዳዲስ የዲጂታል ሶሉሽኖችን ይፋ ማድረጉ ድርጅቶች የራሳቸውን መሠረተ ልማት ሳይገነቡ የኢትዮ ቴሌኮም ኢንተርኔትን በመጠቀም ሰርቨሮችን፣ የመረጃ ቋቶችን፣ ሶፍትዌሮችን እና ሌሎች ኔትወርኮችን እንዲያገኙ ያስችላቸዋል መባሉን ካፒታል ሰምቷል።
@PatternFin
በኢትዮጵያ ቀዳሚው የቴሌኮም አገልግሎት አቅራቢ የሆነው ኢትዮ ቴሌኮም የድርጅት ደንበኞችን እና ተቋማትን አቅም የሚገነቡ እና የሚያዘምኑ በክላውድ አገልግሎት ላይ የተመሰረቱ የዲጂታል ሶሉሽኖችን ይፋ አደርጓል።
ከእነዚህም መካከል አንዱ ትኩረት የሚስብ የዲጂታል ላይቭስቶክ ትራኪንግ (የእንስሳት ዲጂታል ክትትል) ሲሆን፣ ይህ ሶሉሽን የእንስሳት እርባታን ዘመናዊ በማድረግ እና ምርታማነትን በማሳደግ ረገድ ትልቅ ሚና ይጫወታል ተብሏል።
የተቋሙ ዋና ስራ አስፈፃሚ ፍሬህይወት ታምሩ እንደተናገሩት ይህን ቴክኖሎጂ በመጠቀም ገበሬዎች እና እንስሳት አርቢዎች የከብቶቻቸውን እንቅስቃሴ እና ጤና መከታተል፣ እንዲሁም የብድር እና የኢንሹራንስ አገልግሎቶችን ማግኘት ይችላሉ።
ኢትዮ ቴሌኮም በክላውድ ላይ የተመሰረቱ 7 አዳዲስ የዲጂታል ሶሉሽኖችን ይፋ ማድረጉ ድርጅቶች የራሳቸውን መሠረተ ልማት ሳይገነቡ የኢትዮ ቴሌኮም ኢንተርኔትን በመጠቀም ሰርቨሮችን፣ የመረጃ ቋቶችን፣ ሶፍትዌሮችን እና ሌሎች ኔትወርኮችን እንዲያገኙ ያስችላቸዋል መባሉን ካፒታል ሰምቷል።
@PatternFin
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የኢትዮጵያ ምርት ገበያ አዲስ ዋና ሥራ አስፈጻሚ ሾመ
የኢትዮጵያ ምርት ገበያ የዳይሬክተሮች ቦርድ አቶ መርጊያ ባይሳን የኢትዮጵያ ምርት ገበያ ዋና ሥራ አስፈጻሚ አድርጎ ሾሟል።
አቶ መርጊያ በተቋሙ ውስጥ ከምስረታው ጀምሮ በተለያዩ የኃላፊነት ቦታዎች ያገለገሉ ሲሆን፣ ለሰባት ዓመታትም ምክትል ዋና ሥራ አስፈጻሚ እንደነበሩ ተጠቁሟል።
በተጨማሪም ቦርዱ ወ/ሪት ቅድስት ስጦታውን በገበያና ግብይት ዘርፍ ምክትል ዋና ሥራ አስፈጻሚ፣ እንዲሁም አቶ ታምራት ተሰማን በመጋዘንና ጥራት ዘርፍ ምክትል ዋና ሥራ አስፈጻሚ አድርጎ ሾሟል።
#Capital
@PatternFin
የኢትዮጵያ ምርት ገበያ የዳይሬክተሮች ቦርድ አቶ መርጊያ ባይሳን የኢትዮጵያ ምርት ገበያ ዋና ሥራ አስፈጻሚ አድርጎ ሾሟል።
አቶ መርጊያ በተቋሙ ውስጥ ከምስረታው ጀምሮ በተለያዩ የኃላፊነት ቦታዎች ያገለገሉ ሲሆን፣ ለሰባት ዓመታትም ምክትል ዋና ሥራ አስፈጻሚ እንደነበሩ ተጠቁሟል።
በተጨማሪም ቦርዱ ወ/ሪት ቅድስት ስጦታውን በገበያና ግብይት ዘርፍ ምክትል ዋና ሥራ አስፈጻሚ፣ እንዲሁም አቶ ታምራት ተሰማን በመጋዘንና ጥራት ዘርፍ ምክትል ዋና ሥራ አስፈጻሚ አድርጎ ሾሟል።
#Capital
@PatternFin
"Africa is going to be the fastest growing and most important market over the next coming decades for many companies."
That's Sam Altman, CEO of OpenAI, with a perspective that's gaining ground among global tech leaders.
"I think people are realizing how big the market opportunity is and how much value is going to be created," he adds.
But it's not just talk — Altman's taking action, too:
• He's invested in African startups including Senegalese fintech unicorn Wave Mobile Money
• He's behind Worldcoin (World), which saw massive adoption in Kenya (and a lot of controversy)
• He added Lagos, Nigeria to the list of 17 cities selected for OpenAI's global listening tour in 2023
During his Lagos visit, Altman elaborated: "The energy here is great for [innovation.] People are pushing the limits of technology and coming up with new ideas we haven’t heard before."
While such positive sentiments from a highly-influential global tech player are welcome, important questions remain:
- Will the continent's growth benefit its citizens, or global tech/investment elites?
- How can Africans be co-owners and co-creators of the African opportunity, rather than just consumers? (The ongoing AI revolution offers an instructive example to consider.)
- Is the continent's demographic boom alone enough to justify outsized optimism?
......
@PatternFin
That's Sam Altman, CEO of OpenAI, with a perspective that's gaining ground among global tech leaders.
"I think people are realizing how big the market opportunity is and how much value is going to be created," he adds.
But it's not just talk — Altman's taking action, too:
• He's invested in African startups including Senegalese fintech unicorn Wave Mobile Money
• He's behind Worldcoin (World), which saw massive adoption in Kenya (and a lot of controversy)
• He added Lagos, Nigeria to the list of 17 cities selected for OpenAI's global listening tour in 2023
During his Lagos visit, Altman elaborated: "The energy here is great for [innovation.] People are pushing the limits of technology and coming up with new ideas we haven’t heard before."
While such positive sentiments from a highly-influential global tech player are welcome, important questions remain:
- Will the continent's growth benefit its citizens, or global tech/investment elites?
- How can Africans be co-owners and co-creators of the African opportunity, rather than just consumers? (The ongoing AI revolution offers an instructive example to consider.)
- Is the continent's demographic boom alone enough to justify outsized optimism?
......
@PatternFin
The Ministry of Health has partnered with various payment service providers, including banks and fintechs, to launch a pilot for digital payments in the health sector across the country.
This initiative highlights Ethiopia’s payment ecosystem's potential to improve essential services like healthcare as part of the NDPS (2021-24) implementation.
The collaboration between banks and fintechs is a significant step towards developing a reliable payment system. This pilot aims to drive innovation and pave the way for seamless digital payments, fostering advanced digital health services.
There's still more to be done by all stakeholders to create a responsible, inclusive, and interoperable payment ecosystem.
@PatternFin
This initiative highlights Ethiopia’s payment ecosystem's potential to improve essential services like healthcare as part of the NDPS (2021-24) implementation.
The collaboration between banks and fintechs is a significant step towards developing a reliable payment system. This pilot aims to drive innovation and pave the way for seamless digital payments, fostering advanced digital health services.
There's still more to be done by all stakeholders to create a responsible, inclusive, and interoperable payment ecosystem.
@PatternFin
Pattern Finance and Investment - ፋይናንስ
Economist Turned Engineer Secures 18.6 million Br for Tigray-Based Manufacturing Enterprise
A manufacturing enterprise based out of Tigray Regional State secures $150,000 in equity financing from Impacc, a philanthropic venture capital investment firm. MG Electromechanical Engineering, which was on the precipice of a shutdown during the two-year conflict, looks to make a rebound with the fresh capital injection.
The deal, hailed by Impacc CEO and Founder Til Wahnbaeck (PhD) as a milestone, signals a strategic bet on light industrialization to drive economic recovery in the conflict-affected region of northern Ethiopia.
Impacc operates as a non-profit, converting donations into investments in early-stage companies. The firm focuses on MSMEs with the potential to become "job engines" with great founders, scalable business ideas, and high-growth potential.
“The best way out of poverty is a job,” Till says.
Impacc recognized MG’s job creation potential early on, assisting the budding business in securing 3,500 sqm of industrial land by engaging with regional authorities before making its investment. Impacc has declined to publicly disclose the percentage of equity it acquired, citing confidentiality.
Mearg Gebremedin, founder of MG and an economist by training, set out on an entrepreneurial journey in a bid to help his wife’s bakery. Upon noticing her struggles with manual labor-intensive equipment, he began taking online classes to design dough mixers, cutters, and sheeters.
“We started operations with our savings,” Mearg told Shega.
#Shega
@PatternFin
The deal, hailed by Impacc CEO and Founder Til Wahnbaeck (PhD) as a milestone, signals a strategic bet on light industrialization to drive economic recovery in the conflict-affected region of northern Ethiopia.
Impacc operates as a non-profit, converting donations into investments in early-stage companies. The firm focuses on MSMEs with the potential to become "job engines" with great founders, scalable business ideas, and high-growth potential.
“The best way out of poverty is a job,” Till says.
Impacc recognized MG’s job creation potential early on, assisting the budding business in securing 3,500 sqm of industrial land by engaging with regional authorities before making its investment. Impacc has declined to publicly disclose the percentage of equity it acquired, citing confidentiality.
Mearg Gebremedin, founder of MG and an economist by training, set out on an entrepreneurial journey in a bid to help his wife’s bakery. Upon noticing her struggles with manual labor-intensive equipment, he began taking online classes to design dough mixers, cutters, and sheeters.
“We started operations with our savings,” Mearg told Shega.
#Shega
@PatternFin
Digital payment options for utilities in Ethiopia
Digital payment options in Ethiopia are supporting utility payments such as electricity, water, transport, internet, and entertainment payments via mobile money and mobile banking services, though some transactions still require traditional payment methods and there are only a few bill aggregators in place.
@PatternFin
Digital payment options in Ethiopia are supporting utility payments such as electricity, water, transport, internet, and entertainment payments via mobile money and mobile banking services, though some transactions still require traditional payment methods and there are only a few bill aggregators in place.
@PatternFin
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NBE’s Forex Auctions: Ethiopia’s Market-Based Exchange Under Scrutiny
By:AddisInsight
Ethiopia’s banking sector is facing a liquidity crisis, intensified by recent policy shifts and the National Bank of Ethiopia’s (NBE) forex auctions. Experts highlight serious concerns over the transparency, timing, and fairness of these auctions.
Economists, including Getachew and Wassihun Belay, argue that unclear auction processes and lack of data hinder banks and businesses from making informed decisions. Only a few larger banks consistently secure significant forex, leaving smaller banks disadvantaged.
Following recent auctions, parallel market rates surged to ⚠️ ETB 155–158 per USD, widening the gap with the official rate of around ETB 136. This volatility risks fueling inflation, as businesses may hold goods expecting further currency depreciation.
Experts call for increased transparency, clear scheduling, and equitable participation to stabilize the market and restore confidence. Without these measures, Ethiopia’s forex challenges may worsen, deepening economic uncertainty.
By:AddisInsight
Ethiopia’s banking sector is facing a liquidity crisis, intensified by recent policy shifts and the National Bank of Ethiopia’s (NBE) forex auctions. Experts highlight serious concerns over the transparency, timing, and fairness of these auctions.
Economists, including Getachew and Wassihun Belay, argue that unclear auction processes and lack of data hinder banks and businesses from making informed decisions. Only a few larger banks consistently secure significant forex, leaving smaller banks disadvantaged.
Following recent auctions, parallel market rates surged to ⚠️ ETB 155–158 per USD, widening the gap with the official rate of around ETB 136. This volatility risks fueling inflation, as businesses may hold goods expecting further currency depreciation.
Experts call for increased transparency, clear scheduling, and equitable participation to stabilize the market and restore confidence. Without these measures, Ethiopia’s forex challenges may worsen, deepening economic uncertainty.
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NBE Proclamation.pdf
45.2 MB
National Bank of Ethiopia Proclamation
All but one of South Africa's five largest banks reduced ATMs in their last reported interim financial periods, continuing a years-long trend in ATM cuts.
The traditional Big Four Absa, FNB, Nedbank, and Standard Bank - closed a combined 233 ATMs in the first half of 2024.
The biggest cutters were Standard Bank and Absa, which shut down 76 and 75 ATMs, respectively. Ned-bank followed with 42 and FNB with 40. Capitec is the only major bank that has increased its number of ATMs, according to its interim financials for the period from March to August 2024, Capitec increased its ATMs from 8,382 to 8,749 - a jump of 367.
The traditional Big Four Absa, FNB, Nedbank, and Standard Bank - closed a combined 233 ATMs in the first half of 2024.
The biggest cutters were Standard Bank and Absa, which shut down 76 and 75 ATMs, respectively. Ned-bank followed with 42 and FNB with 40. Capitec is the only major bank that has increased its number of ATMs, according to its interim financials for the period from March to August 2024, Capitec increased its ATMs from 8,382 to 8,749 - a jump of 367.
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