National Bank of Ethiopia and the Ethiopian Securities Exchange (ESX) have officially partnered to enhance efficiency, transparency, and security in Ethiopia’s Interbank Money Market (IMM).

Since its launch in October 2024, the IMM has already facilitated ETB 377 billion in transactions. This MoU marks a significant step in strengthening market confidence, improving liquidity management, and supporting sustainable economic growth.

This collaboration will play a key role in modernizing Ethiopia’s financial system, making it more accessible and reliable for banks and businesses the partnership will create new opportunities for financial institutions to manage liquidity more effectively, reinforcing market stability and driving long-term economic growth.
s. By leveraging the ESX trading platform,

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Kacha, in Collaboration with Global Bank & Lucy Insurance, to Unveil Innovative Digital Insurance Solution at Skylight Hotel

Ethiopia’s insurance sector remains underdeveloped, with an alarmingly low penetration rate compared to global and regional standards. A combination of manual processes, limited technological adoption, and stringent capital requirements has hindered its growth. These challenges have made insurance unaffordable and inaccessible, particularly for large segments of the population, including self-employed individuals and micro, small, and medium enterprises (MSMEs), despite a pressing need for financial protection.

Recognizing these gaps, Kacha Digital Financial Services (DFS) has been working on a way to transform insurance accessibility through digital innovation. In collaboration with Lucy Insurance S.C. and Global Bank of Ethiopia, Kacha is introducing a groundbreaking insurance product designed to reshape the industry landscape.

After months of rigorous pilot testing, this innovative insurance solution is set for its official commercial launch on Thursday, March 20, at Skylight Hotel, Addis Ababa. The product aims to streamline access to insurance, lower entry barriers, and enhance financial inclusion by leveraging digital platforms to provide seamless, affordable, and scalable coverage.

This milestone marks a significant step forward in Kaha’s journey toward a more inclusive and tech-driven financial ecosystem. By integrating digital financial services with insurance, Kacha and its partners are not only expanding market reach but also empowering underserved communities with the financial security they need to thrive.

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Forex update as of March 15, 2025

የውጭ ምንዛሬ መረጃ

Source; Fortune

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🌟 China's Leap into the Future: Dark Factories Are Here!🌟

🚀 Imagine a factory that runs 24/7 with no workers, no lights, and zero human intervention — powered entirely by AI, robotics, IoT, and 5G. This is not science fiction; it’s happening right now in China! 🇨🇳

🔍 What Are Dark Factories?
Dark Factories are fully automated facilities where machines handle every task—from assembly to quality control—without human oversight. With no workers present, these factories operate in total darkness, slashing energy costs and maximizing productivity.

⚙️ Why This Matters
✔️ Unmatched Efficiency: Continuous operations with near-zero error rates.
✔️ Cost Savings: No salaries, no lighting, minimal energy consumption.
✔️ Global Leadership: Positions China as a frontrunner in Industry 4.0.

🌐 Examples of Dark Factory Success
🏭 Foxconn: Replaced 60,000 workers with robots in Kunshan.
📱 Xiaomi Technology Produces over 1M smartphones annually using robotic precision.
❄️ Midea Group: Manufactures 30% of the world’s air conditioners in fully automated plants.

However, this technological leap raises critical questions:
🤔 What happens to millions of manufacturing jobs?
🔐 How do we address cybersecurity risks in fully automated systems?
🌍 Will this innovation disrupt global supply chains?

💡The future of manufacturing is here — efficient, precise, and revolutionary. However, balancing progress with societal impact is key.
#DarkFactories #AI #Robotics #Innovation

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ፈረስ ታክሲ የመነሻ ዋጋን በ30 ብር ጨመረ

በከተማዋ በስፋት አገልግሎት የሚሰጠው ፈረስ ታክሲ የመነሻ ዋጋውን በ30 ብር መጨመሩ ተሰማ። ይህ ጭማሪ ከዚህ ሳምንት ጀምሮ ተግባራዊ የሆነ ሲሆን፣ የመነሻ ዋጋው ከ100 ብር ወደ 130 ብር ከፍ ብሏል።

የፈረስ ታክሲ አሽከርካሪዎች ለዚህ የዋጋ ጭማሪ ምክንያቱ የነዳጅ ዋጋ መጨመር እና የውጭ ምንዛሪ ማሻሻያ ሊሆን እንደሚችል አስረድተዋል።

አሽከርካሪዎቹ ለረጅም ጊዜ ለሚመለከታቸው አካላት የዋጋ ማሻሻያ ጥያቄ ቢያቀርቡም ምላሽ ሳያገኙ በመቅረታቸው በርካታ አሽከርካሪዎች ወደ ሌሎች ተመሳሳይ አገልግሎት ሰጪ ኩባንያዎች መሄዳቸው ተጠቁሟል።
#Feres #ፈረስ #Ride

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$7.8 Billion Price Tag Set for Ethiopia’s New Bishoftu Airport Hub

Ethiopian Airlines Group disclosed plans on Saturday for a 7.8 billion US dollars mega airport in Bishoftu, marking the first public reveal of the project’s cost as it signed a preliminary deal with the African Development Bank (AfDB) to meet booming travel demand.

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𝗘𝘁𝗵𝗶𝗼 𝗧𝗲𝗹𝗲𝗰𝗼𝗺’𝘀 𝗧𝗲𝗹𝗲𝗯𝗶𝗿𝗿 𝗣𝗿𝗼𝗰𝗲𝘀𝘀𝗲𝘀 𝗘𝗧𝗕 𝟭.𝟬𝟯 𝗧𝗿𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀, 𝗥𝗲𝗽𝗼𝗿𝘁𝘀 𝗘𝗧𝗕 𝟭.𝟲𝟳 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 𝗥𝗲𝘃𝗲𝗻𝘂𝗲

ethio telecom has reported significant growth in the first half of the Ethiopian fiscal year 2024/25, with ETB 61.9 billion in revenue, a 43% top-line growth, and rising subscriptions. Telebirr continues to drive financial inclusion, processing trillions in transactions. Ethiopian Investment Holdings (EIH) commends the telecom giant’s performance while advising on future strategies.

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The NBE new banking business proclamation No; 1360/2025;

👉 Opens the banking sector for foreign investors (foreign banks & foreign nationals).

👉 Increases the maximum shareholding in a bank from 5% to 7% for natural persons and 10% for juridical persons (institutional shareholders).

@PatternFin

An insightful article on Consolidation-Ethiopia Banking sector

Consolidate or Collapse!!!

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ኢትዮጵያ የመጀመሪያዎቹን የኢንቨስትመንት ባንኮች እና የሰነድ ሙዓለንዋይ ገበያ አከናዋኝ አገኘች

ኢትዮጵያ የመጀመሪያዎቹን የኢንቨስትመንት ባንኮች እና የሰነድ ሙዓለንዋይ ገበያ አከናዋኝ አገኘች

የኢትዮጵያ ካፒታል ገበያ ባለሥልጣን ለአምስት አዳዲስ ድርጅቶች የካፒታል ገበያ አገልግሎት ሰጪ ፈቃድ መስጠቱን አስታውቋል።

ይህ ውሳኔ በኢትዮጵያ ለመጀመሪያ ጊዜ የኢንቨስትመንት ባንኮችና የሰነድ ሙዓለንዋይ ገበያ አከናዋኝ ፈቃድ የተሰጠበት እንዲሁም አጠቃላይ ፈቃድ የተሰጣቸው የካፒታል ገበያ አገልግሎት ሰጪዎች ቁጥር ከአራት ወደ ዘጠኝ ከፍ ያደረገበት ነው።

ፈቃድ የተሰጣቸው ድርጅቶች
✅ሲቢኢ ካፒታል አ.ማ - ኢንቨስትመንት ባንክ ፣
✅ወጋገን ካፒታል ኢንቨስትመንት ባንክ አ.ማ - ኢንቨስትመንት ባንክ ፣
✅ኢትዮ-ፊደሊቲ ሴኩሪቲስ አ.ማ - የሰነድ ሙዓለንዋይ ገበያ አከናዋኝ (Securities Dealer) ፣
✅ኤች ኤስ ቲ ኢንቨስትመንት አድቫይዘሪ ሰርቪስስ ኃ.የተ.የግ. ማ - የሰነድ ሙዓለንዋይ ኢንቨስትመንት አማካሪ ፣
✅ኢኩዥን የሰነድ ሙዓለንዋይ ኢንቨስትመንት አማካሪ ኃ.የተ.የግ. ማ - የሰነድ ሙዓለንዋይ ኢንቨስትመንት አማካሪ መሆናቸው ተጠቁሟል ።

ይህ ታሪካዊ ክስተት የኢትዮጵያን የፋይናንስ ገበያ ለማሳደግና ለኢንቨስትመንት እድሎች መስፋፋት ትልቅ አስተዋጽኦ እንደሚኖረው ተገልጿል።