Tariffs on African countries (highest to lowest)
#Lesotho 50%
#Madagascar 47%
#Mauritius 40%
#Botswana 37%
#SouthAfrica 30%
#cotedivoire 21%
#Namibia 21%
#Nigeria 14%
#Ghana 10%
#Kenya 10%
#Ethiopia 10%
#Lesotho 50%
#Madagascar 47%
#Mauritius 40%
#Botswana 37%
#SouthAfrica 30%
#cotedivoire 21%
#Namibia 21%
#Nigeria 14%
#Ghana 10%
#Kenya 10%
#Ethiopia 10%
Pattern Finance and Investment - ፋይናንስ
Tariffs on African countries (highest to lowest) #Lesotho 50% #Madagascar 47% #Mauritius 40% #Botswana 37% #SouthAfrica 30% #cotedivoire 21% #Namibia 21% #Nigeria 14% #Ghana 10% #Kenya 10% #Ethiopia 10%
🇺🇸 Reciprocal Tariff
POTENTIAL AFRICAN WINNERS: Countries such as Kenya, Ghana and Ethiopia with the lowest tariffs of 10%. They have a unique opportunity to expand their exports to the U.S. at low tariffs which could make their products more price competitive.
For instance, Ethiopia, which has invested hundreds of millions in labor intensive industries for exports such as garments, and competes globally with garment industry heavyweights such as Vietnam and Bangladesh, could price outcompete these two countries which are facing increased U.S. tariffs of 46% and 37% respectively.
AFRICAN COUNTRIES FACING BIG CHALLENGES: Countries such as South Africa, Madagascar and Mauritius, slapped with very high tariffs of up to 50%. They could be significantly and negatively impacted since they won’t be price competitive as before exporting to the U.S. These countries have to quickly develop new strategies or else entire industries, geared for U.S. exports, could be decimated.
Does AGOA matter anymore for Africa?
Globalization has entered a new uncharted era and African countries need to prepare.
(Zemedeneh Nigatu)
POTENTIAL AFRICAN WINNERS: Countries such as Kenya, Ghana and Ethiopia with the lowest tariffs of 10%. They have a unique opportunity to expand their exports to the U.S. at low tariffs which could make their products more price competitive.
For instance, Ethiopia, which has invested hundreds of millions in labor intensive industries for exports such as garments, and competes globally with garment industry heavyweights such as Vietnam and Bangladesh, could price outcompete these two countries which are facing increased U.S. tariffs of 46% and 37% respectively.
AFRICAN COUNTRIES FACING BIG CHALLENGES: Countries such as South Africa, Madagascar and Mauritius, slapped with very high tariffs of up to 50%. They could be significantly and negatively impacted since they won’t be price competitive as before exporting to the U.S. These countries have to quickly develop new strategies or else entire industries, geared for U.S. exports, could be decimated.
Does AGOA matter anymore for Africa?
Globalization has entered a new uncharted era and African countries need to prepare.
(Zemedeneh Nigatu)
🇺🇸 Reciprocal Tariff
******************
Ethiopia’s Competitive Edge in U.S. Exports
Ethiopia is perfectly positioned to capitalize on the new U.S. tariff structure! With only 10% tariffs on Ethiopian goods, we have a competitive advantage over key manufacturing hubs like Vietnam and Bangladesh.
✅ Low Tariffs = High Competitiveness
✅ Growing Industrial & Manufacturing Sectors
✅ Strategic Export Hub with Global Reach
(Ministry of Finance, Ethiopia)
******************
Ethiopia’s Competitive Edge in U.S. Exports
Ethiopia is perfectly positioned to capitalize on the new U.S. tariff structure! With only 10% tariffs on Ethiopian goods, we have a competitive advantage over key manufacturing hubs like Vietnam and Bangladesh.
✅ Low Tariffs = High Competitiveness
✅ Growing Industrial & Manufacturing Sectors
✅ Strategic Export Hub with Global Reach
(Ministry of Finance, Ethiopia)
Important information regarding Canada and Mexico from the executive order on reciprocal tariffs:
“For Canada and Mexico, the existing fentanyl/migration IEEPA orders remain in effect, and are unaffected by this order. This means USMCA compliant goods will continue to see a 0% tariff, non-USMCA compliant goods will see a 25% tariff, and non-USMCA compliant energy and potash will see a 10% tariff. In the event the existing fentanyl/migration IEEPA orders are terminated, USMCA compliant goods would continue to receive preferential treatment, while non-USMCA compliant goods would be subject to a 12% reciprocal tariff.”
“For Canada and Mexico, the existing fentanyl/migration IEEPA orders remain in effect, and are unaffected by this order. This means USMCA compliant goods will continue to see a 0% tariff, non-USMCA compliant goods will see a 25% tariff, and non-USMCA compliant energy and potash will see a 10% tariff. In the event the existing fentanyl/migration IEEPA orders are terminated, USMCA compliant goods would continue to receive preferential treatment, while non-USMCA compliant goods would be subject to a 12% reciprocal tariff.”
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𝗘𝘁𝗵𝗶𝗼𝗽𝗶𝗮 𝗦𝗲𝗰𝘂𝗿𝗲𝘀 𝗨𝗦𝗗𝟮𝟲𝟲.𝟳𝗠 𝗘𝗨 𝗙𝘂𝗻𝗱𝗶𝗻𝗴 𝗳𝗼𝗿 𝗔𝗴𝗿𝗶𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀 & 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗦𝗸𝗶𝗹𝗹𝘀
Ethiopia and the European Union have signed a USD266 million grant agreement to support key development areas, including agribusiness, digital skills training, governance reforms, and basic health services.
The funding, part of the 2024 Annual Action Programme, aims to boost economic opportunities, strengthen institutions, and enhance regional integration. Officials highlighted the EU’s continued commitment to Ethiopia’s sustainable development. (EBR)
Ethiopia and the European Union have signed a USD266 million grant agreement to support key development areas, including agribusiness, digital skills training, governance reforms, and basic health services.
The funding, part of the 2024 Annual Action Programme, aims to boost economic opportunities, strengthen institutions, and enhance regional integration. Officials highlighted the EU’s continued commitment to Ethiopia’s sustainable development. (EBR)
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𝗘𝘁𝗵𝗶𝗼𝗽𝗶𝗮'𝘀 𝗙𝗼𝗿𝗲𝗶𝗴𝗻 𝗧𝗿𝗮𝗱𝗲 𝗛𝗶𝘁𝘀 𝗨𝗦𝗗 𝟰.𝟱 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝟴 𝗠𝗼𝗻𝘁𝗵𝘀
Ethiopia's foreign trade has surged to USD4.5 billion in the first eight months of the fiscal year, nearly doubling the USD2.6 billion recorded in 2018.
Minister of Trade and Regional Integration, Kassahun Gofe, announced plans to exceed USD6 billion by the end of the fiscal year.
A new trade policy draft aims to enhance Ethiopia's competitiveness, support WTO membership, and ensure trade sustainability.
@PatternFin
Ethiopia's foreign trade has surged to USD4.5 billion in the first eight months of the fiscal year, nearly doubling the USD2.6 billion recorded in 2018.
Minister of Trade and Regional Integration, Kassahun Gofe, announced plans to exceed USD6 billion by the end of the fiscal year.
A new trade policy draft aims to enhance Ethiopia's competitiveness, support WTO membership, and ensure trade sustainability.
@PatternFin
𝗘𝘁𝗵𝗶𝗼𝗽𝗶𝗮’𝘀 𝗜𝗻𝘁𝗲𝗿𝗯𝗮𝗻𝗸 𝗠𝗼𝗻𝗲𝘆 𝗠𝗮𝗿𝗸𝗲𝘁 𝗦𝘂𝗿𝗽𝗮𝘀𝘀𝗲𝘀 𝗘𝗧𝗕 𝟱𝟬𝟬 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 𝗶𝗻 𝗧𝗿𝗮𝗻𝘀𝗮𝗰𝘁𝗶𝗼𝗻𝘀
The Ethiopian Securities Exchange (ESX) has announced a major milestone in the country’s financial sector with the interbank money market (IMM surpassing ETB 500 billion in transaction volume within just six months.
This achievement highlights the growing momentum and liquidity in Ethiopia's financial markets.
Launched to improve efficiency and transparency in interbank lending, the IMM platform has quickly gained traction among financial institutions, enabling them to manage short-term liquidity needs more effectively.
#ESX #ECMA #InterBankMoneyMarket
#InterBankLending
#EthiopianBanks
@PatternFin
The Ethiopian Securities Exchange (ESX) has announced a major milestone in the country’s financial sector with the interbank money market (IMM surpassing ETB 500 billion in transaction volume within just six months.
This achievement highlights the growing momentum and liquidity in Ethiopia's financial markets.
Launched to improve efficiency and transparency in interbank lending, the IMM platform has quickly gained traction among financial institutions, enabling them to manage short-term liquidity needs more effectively.
#ESX #ECMA #InterBankMoneyMarket
#InterBankLending
#EthiopianBanks
@PatternFin
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?𝗹𝗼𝗯𝗮𝗹 𝗚𝗶𝗮𝗻𝘁 𝗨𝗻𝗶𝗹𝗲𝘃𝗲𝗿 𝗛𝗮𝗻𝗱𝘀 𝗥𝗲𝗶𝗻𝘀 𝘁𝗼 𝗘𝘁𝗵𝗶𝗼𝗽𝗶𝗮𝗻 𝗟𝗲𝗮𝗱𝗲𝗿 𝗶𝗻 𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗠𝗼𝘃𝗲
Unilever has appointed Nesibu Temesgen as its new General Manager for Ethiopia, marking the first time a local leader will steer the multinational giant’s operations in the country.
Nesibu, a seasoned executive with nearly two decades of industry expertise, steps into the role at a pivotal time as Unilever seeks to deepen its roots in one of Africa’s most dynamic consumer markets.
Nesibu’s ascent to the top job is a testament to both his personal leadership and Unilever’s long-term investment in Ethiopian talent.
Having spent nine years with the company, most recently as Director of Customer Development, he played a pivotal role in strengthening Unilever Ethiopia’s sales and distribution networks—a critical factor in the competitive fast-moving consumer goods (FMCG) sector.
Unilever has appointed Nesibu Temesgen as its new General Manager for Ethiopia, marking the first time a local leader will steer the multinational giant’s operations in the country.
Nesibu, a seasoned executive with nearly two decades of industry expertise, steps into the role at a pivotal time as Unilever seeks to deepen its roots in one of Africa’s most dynamic consumer markets.
Nesibu’s ascent to the top job is a testament to both his personal leadership and Unilever’s long-term investment in Ethiopian talent.
Having spent nine years with the company, most recently as Director of Customer Development, he played a pivotal role in strengthening Unilever Ethiopia’s sales and distribution networks—a critical factor in the competitive fast-moving consumer goods (FMCG) sector.
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JP Morgan’s Expansion: Is 🇳🇬 ready for this level of global banking integration? Yes!
JP Morgan’s planned decision to transform its Lagos office into a full-fledged business branch is a big deal for Nigeria’s financial landscape. With a merchant banking license, the global giant will bring:
✅ Increased Access to Dollar Loans – Large 🇳🇬 companies will have better financing options.
✅ Stronger Capital Markets – More advisory and investment banking services mean deeper market participation both foreign and local, possibly driving up hashtag#NGX activities.
✅ Boost in Foreign Investment – JP Morgan’s presence signals confidence in 🇳🇬, potentially attracting more global investors.
✅Improved Financial Services – World-class expertise & structured financial products for local institutions & efficient Eurobond issuances.
Overall, this move could be a major catalyst for Nigeria’s financial sector—if managed right.
@Patternfin
JP Morgan’s planned decision to transform its Lagos office into a full-fledged business branch is a big deal for Nigeria’s financial landscape. With a merchant banking license, the global giant will bring:
✅ Increased Access to Dollar Loans – Large 🇳🇬 companies will have better financing options.
✅ Stronger Capital Markets – More advisory and investment banking services mean deeper market participation both foreign and local, possibly driving up hashtag#NGX activities.
✅ Boost in Foreign Investment – JP Morgan’s presence signals confidence in 🇳🇬, potentially attracting more global investors.
✅Improved Financial Services – World-class expertise & structured financial products for local institutions & efficient Eurobond issuances.
Overall, this move could be a major catalyst for Nigeria’s financial sector—if managed right.
@Patternfin
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Pattern Finance and Investment - ፋይናንስ
JP Morgan’s Expansion: Is 🇳🇬 ready for this level of global banking integration? Yes! JP Morgan’s planned decision to transform its Lagos office into a full-fledged business branch is a big deal for Nigeria’s financial landscape. With a merchant banking…
🚨 𝙅𝙐𝙎𝙏 𝙄𝙉: JP Morgan set to move into merchant banking in Nigeria 🇳🇬
The American bank plans to transform its representative office in Lagos into a fully-fledged business branch, marking another step in its CEO’s strategy to strengthen its presence on the African continent.
This transformation signals JP Morgan’s commitment to deepening its role in Nigeria’s financial sector beyond advisory and asset management services.
Having maintained a presence in Lagos since the 1980s, JP Morgan now intends to apply to the Central Bank of Nigeria (CBN) for a merchant banking license in the coming months.
This initiative aligns with JP Morgan’s broader African expansion strategy, led by its CEO, Jamie Dimon.
In mid-October, Dimon visited Nigeria, where he met with the CBN Governor, Mr. Olayemi Cardoso, to discuss economic prospects and regulatory frameworks.
The visit also included stops in South Africa, where JP Morgan operates a subsidiary, and Kenya, as part of a broader plan to increase the bank’s footprint across the continent.
@PatternFin
The American bank plans to transform its representative office in Lagos into a fully-fledged business branch, marking another step in its CEO’s strategy to strengthen its presence on the African continent.
This transformation signals JP Morgan’s commitment to deepening its role in Nigeria’s financial sector beyond advisory and asset management services.
Having maintained a presence in Lagos since the 1980s, JP Morgan now intends to apply to the Central Bank of Nigeria (CBN) for a merchant banking license in the coming months.
This initiative aligns with JP Morgan’s broader African expansion strategy, led by its CEO, Jamie Dimon.
In mid-October, Dimon visited Nigeria, where he met with the CBN Governor, Mr. Olayemi Cardoso, to discuss economic prospects and regulatory frameworks.
The visit also included stops in South Africa, where JP Morgan operates a subsidiary, and Kenya, as part of a broader plan to increase the bank’s footprint across the continent.
@PatternFin
ስምንት እዉነታዎች ስለ COOP Eco Friendly branches
1.ኢኮ ቅርንጫፎች በዋናነት የሚከፈቱት ምንም አይነት የባንክ አገልግሎት ለማግኘት እድል ለሌላቸው የማህበረሰብ ክፍሎችን ለማገልገል በገጠራማ አከባቢዎች የሚከፈቱ ናቸው.
2.የነዚ ቅርንጫፎች አላማ በዋናነት የባንክ አገልግሎትን ለሁሉም ተደራሽ ለማድረግ እና ከባንክ አገልግሎት የተገለለ ህብረተሰብ ስለ ባንክ እና ቁጠባ ለማስተማር ነው
3. ኢኮ ቅርንጫፎች የሚከፈቱበት ቤቶች የሚሰሩት ሙሉ በሙሉ ካገለገሉ እና ከተጣሉ ኮንተይኔሮች ነው
4. ለቅርንጫፎቹ የሚያስፈልገውን የማብራት ኃይል 100% ከታዳሽ ኃይል(ፀሐይ እና ንፋስ ) መሆናቸው
5. ቅርንጫፎቹ የሚከፈቱበቸው አከባቢዎች ብዙ ጊዜ ገጠራማ እና በቂ መሰረተ ልማት የሌላቸው ስለሆኑ ለአከባቢው ማህበረሰብ የinternet አገልግሎት በነፃነት መስጠታቸው
6.እነዚህ ቅርንጫፎች በሚከፈቱበት አከባቢ ችግኞችን በመትከል ዉብ እና አሮንጋዴ በማድረግ ለ አከባቢው ማህበረሰብ ምቹ ኑሮን ይፍጠራሉ
7. ባንኩ ከሚሰራቸው ዘርፈ ብዙ ስራዎች የ አከባቢ ጥበቃን ቀጣይነት ላለው ነገ እና አካታች የፍይናንስ አገልግሎትን መሰረት ያደረጉ እንደ ተምሳሌት የሚነሱ ተግባሮች ናቸው
8.በአጠቃላይ የነዚህ ቅርንጫፎች ብዛት ከ100 በላይ ደርሰዋል::
@PatternFin
1.ኢኮ ቅርንጫፎች በዋናነት የሚከፈቱት ምንም አይነት የባንክ አገልግሎት ለማግኘት እድል ለሌላቸው የማህበረሰብ ክፍሎችን ለማገልገል በገጠራማ አከባቢዎች የሚከፈቱ ናቸው.
2.የነዚ ቅርንጫፎች አላማ በዋናነት የባንክ አገልግሎትን ለሁሉም ተደራሽ ለማድረግ እና ከባንክ አገልግሎት የተገለለ ህብረተሰብ ስለ ባንክ እና ቁጠባ ለማስተማር ነው
3. ኢኮ ቅርንጫፎች የሚከፈቱበት ቤቶች የሚሰሩት ሙሉ በሙሉ ካገለገሉ እና ከተጣሉ ኮንተይኔሮች ነው
4. ለቅርንጫፎቹ የሚያስፈልገውን የማብራት ኃይል 100% ከታዳሽ ኃይል(ፀሐይ እና ንፋስ ) መሆናቸው
5. ቅርንጫፎቹ የሚከፈቱበቸው አከባቢዎች ብዙ ጊዜ ገጠራማ እና በቂ መሰረተ ልማት የሌላቸው ስለሆኑ ለአከባቢው ማህበረሰብ የinternet አገልግሎት በነፃነት መስጠታቸው
6.እነዚህ ቅርንጫፎች በሚከፈቱበት አከባቢ ችግኞችን በመትከል ዉብ እና አሮንጋዴ በማድረግ ለ አከባቢው ማህበረሰብ ምቹ ኑሮን ይፍጠራሉ
7. ባንኩ ከሚሰራቸው ዘርፈ ብዙ ስራዎች የ አከባቢ ጥበቃን ቀጣይነት ላለው ነገ እና አካታች የፍይናንስ አገልግሎትን መሰረት ያደረጉ እንደ ተምሳሌት የሚነሱ ተግባሮች ናቸው
8.በአጠቃላይ የነዚህ ቅርንጫፎች ብዛት ከ100 በላይ ደርሰዋል::
@PatternFin
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𝗢𝗿𝗼𝗺𝗶𝗮 𝗥𝗲𝗴𝗶𝗼𝗻 𝗗𝗶𝘀𝘁𝗿𝗶𝗯𝘂𝘁𝗲𝘀 𝗢𝘃𝗲𝗿 𝟭,𝟰𝟬𝟬 𝗧𝗿𝗮𝗰𝘁𝗼𝗿𝘀 𝘁𝗼 𝗕𝗼𝗼𝘀𝘁 𝗙𝗮𝗿𝗺 𝗠𝗲𝗰𝗵𝗮𝗻𝗶𝘇𝗮𝘁𝗶𝗼𝗻
Ethiopia's Oromia region has handed over 1,402 tractors to farmers and agricultural groups in a major push to modernize farming practices. The initiative, overseen by Regional President Shimelis Abdisa, aims to enhance productivity in Ethiopia's key agricultural zone.
The tractors were allocated to registered farmers, cooperatives, and unions through an official application process. This distribution marks one of Oromia's largest single deployments of farm equipment to date.
#FarmMechanization #Agribusiness #Agritech #Agriculture #Farming
@PatternFin
Ethiopia's Oromia region has handed over 1,402 tractors to farmers and agricultural groups in a major push to modernize farming practices. The initiative, overseen by Regional President Shimelis Abdisa, aims to enhance productivity in Ethiopia's key agricultural zone.
The tractors were allocated to registered farmers, cooperatives, and unions through an official application process. This distribution marks one of Oromia's largest single deployments of farm equipment to date.
#FarmMechanization #Agribusiness #Agritech #Agriculture #Farming
@PatternFin
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Recap of Today's Business News
Ethiopia and Uganda have finalized a transformative air transport deal that removes all bilateral flight restrictions, allowing airlines from both nations unlimited access to routes and destinations. Signed during high-level talks in Addis Ababa, the agreement marks a major step toward Africa's single aviation market vision. (EBR)
Ethiopia has unloaded 1.07 million metric tons of fertilizer at Djibouti Port - 45% of its 2.4M ton annual target - to support its 2024 farming season. The 20th shipment (55,000-ton DAP delivery) arrived this week via MV DIONISIS. (EBR)
Ethiopia has announced a major overhaul of its national tourism policy, aiming to enhance its competitiveness and capitalize on its rich cultural and natural attractions. The updated framework, replacing a 13-year-old strategy, focuses on digital innovation, sustainable tourism, and improved governance to boost investment and visitor numbers. (EBR)
A recent study conducted in elementary schools across Ethiopia has revealed a concerning level of literacy skills among students. The study, which assessed 5,840 students from 292 schools in 11 languages, found that 48% of students struggled to distinguish letters, words, and sounds properly. This issue was particularly pronounced in tasks such as first sound variation and letter recognition. (Capital)
The Chinese government has issued a strong statement condemning the United States’ recent imposition of tariffs on its trading partners, including China. Beijing has accused Washington of violating World Trade Organization (WTO) rules, undermining the multilateral trading system, and disrupting the global economic order. (Capital)
National Bank of Ethiopia (NBE) is implementing a new directive that requires insurance firms to adapt to a risk-based capital framework, with a 150pc capital-to-risk ratio. The adjustment seeks to provide robust financial backing for written premiums, ensuring transparency and building policyholder confidence. Industry leaders, however, face obstacles such as inadequate expertise and a dwindling talent pool. (Addis Fortune)
@PatternFin
Ethiopia and Uganda have finalized a transformative air transport deal that removes all bilateral flight restrictions, allowing airlines from both nations unlimited access to routes and destinations. Signed during high-level talks in Addis Ababa, the agreement marks a major step toward Africa's single aviation market vision. (EBR)
Ethiopia has unloaded 1.07 million metric tons of fertilizer at Djibouti Port - 45% of its 2.4M ton annual target - to support its 2024 farming season. The 20th shipment (55,000-ton DAP delivery) arrived this week via MV DIONISIS. (EBR)
Ethiopia has announced a major overhaul of its national tourism policy, aiming to enhance its competitiveness and capitalize on its rich cultural and natural attractions. The updated framework, replacing a 13-year-old strategy, focuses on digital innovation, sustainable tourism, and improved governance to boost investment and visitor numbers. (EBR)
A recent study conducted in elementary schools across Ethiopia has revealed a concerning level of literacy skills among students. The study, which assessed 5,840 students from 292 schools in 11 languages, found that 48% of students struggled to distinguish letters, words, and sounds properly. This issue was particularly pronounced in tasks such as first sound variation and letter recognition. (Capital)
The Chinese government has issued a strong statement condemning the United States’ recent imposition of tariffs on its trading partners, including China. Beijing has accused Washington of violating World Trade Organization (WTO) rules, undermining the multilateral trading system, and disrupting the global economic order. (Capital)
National Bank of Ethiopia (NBE) is implementing a new directive that requires insurance firms to adapt to a risk-based capital framework, with a 150pc capital-to-risk ratio. The adjustment seeks to provide robust financial backing for written premiums, ensuring transparency and building policyholder confidence. Industry leaders, however, face obstacles such as inadequate expertise and a dwindling talent pool. (Addis Fortune)
@PatternFin
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𝗖𝗼𝗼𝗽 𝗕𝗮𝗻𝗸, 𝗨𝗻𝗶𝘁𝗲𝗱 𝗔𝗳𝗿𝗶𝗰𝗮 𝗟𝗼𝗴𝗶𝘀𝘁𝗶𝗰𝘀 𝗝𝗼𝗶𝗻 𝗙𝗼𝗿𝗰𝗲𝘀 𝘁𝗼 𝗦𝘂𝗽𝗲𝗿𝗰𝗵𝗮𝗿𝗴𝗲 𝗘𝘁𝗵𝗶𝗼𝗽𝗶𝗮’𝘀 𝗟𝗼𝗴𝗶𝘀𝘁𝗶𝗰𝘀
The Cooperative Bank of Oromia and United Africa Logistics Organization have signed a Memorandum of Understanding (MoU) that promises to revolutionize the nation’s logistics and transport sector. This strategic partnership is set to usher in a new era of efficiency, innovation, and opportunity for businesses and communities alike.
The agreement will modernize Ethiopia’s logistics landscape by introducing a cutting-edge financial tools. This advancement is expected to slash operational costs, accelerate supply chains, and empower small and medium-sized logistics firms to thrive in a competitive market.
#AfCFTA
#AfCFTAReady
The Cooperative Bank of Oromia and United Africa Logistics Organization have signed a Memorandum of Understanding (MoU) that promises to revolutionize the nation’s logistics and transport sector. This strategic partnership is set to usher in a new era of efficiency, innovation, and opportunity for businesses and communities alike.
The agreement will modernize Ethiopia’s logistics landscape by introducing a cutting-edge financial tools. This advancement is expected to slash operational costs, accelerate supply chains, and empower small and medium-sized logistics firms to thrive in a competitive market.
#AfCFTA
#AfCFTAReady
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𝗦𝗶𝗸𝗲𝘁 𝗕𝗮𝗻𝗸 𝗖𝗹𝗮𝗶𝗺𝘀 𝗔𝘁 𝘁𝗵𝗲 𝗙𝗼𝗿𝗲𝗳𝗿𝗼𝗻𝘁 𝗼𝗳 𝗘𝘁𝗵𝗶𝗼𝗽𝗶𝗮’𝘀 𝗠𝗮𝗻𝘂𝗳𝗮𝗰𝘁𝘂𝗿𝗶𝗻𝗴 𝗧𝗿𝗮𝗻𝘀𝗳𝗼𝗿𝗺𝗮𝘁𝗶𝗼𝗻
In a high-profile panel discussion titled “Financial Provision for Industrial Productivity” held yesterday, Siket Bank brought together key stakeholders from government, industry, and finance to explore the pivotal role of finance in driving Ethiopia’s industrial sector forward. Panelists underscored the importance of innovative financial solutions in scaling micro-enterprises and transforming them into competitive industrial players. The discussion also called for urgent reforms to improve access to credit for entrepreneurs.
Siket Bank highlighted how its financial products and services have empowered local businesses to become leaders in Ethiopia’s manufacturing landscape.
In a high-profile panel discussion titled “Financial Provision for Industrial Productivity” held yesterday, Siket Bank brought together key stakeholders from government, industry, and finance to explore the pivotal role of finance in driving Ethiopia’s industrial sector forward. Panelists underscored the importance of innovative financial solutions in scaling micro-enterprises and transforming them into competitive industrial players. The discussion also called for urgent reforms to improve access to credit for entrepreneurs.
Siket Bank highlighted how its financial products and services have empowered local businesses to become leaders in Ethiopia’s manufacturing landscape.
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Wegagen Bank Prospectus for Registration of Shares.pdf
1.3 MB
Check out the prospectus of Wegagen Bank, the first listed company with the Ethiopian Securities Exchange (ESX).
#WegagenBank
#ESX
@PatternFin
#WegagenBank
#ESX
@PatternFin
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🇿🇦Absa Group (South Africa): $1.201B
🇪🇬Banque Misr (Egypt): $1.19B
🇪🇬CIB Egypt (Egypt): $1.091B
🇿🇦Standard Bank South Africa (South Africa): $1.069B
🇿🇦Nedbank (South Africa): $876.4M
Zenith Bank Plc and Guaranty Trust are the top banks with $670.6M and $662.1M, respectively. Record-breaking locally, but not enough to break into Africa’s billion-dollar profit club.
Nigerian banks had to deal with a devalued naira in 2024, but they were not alone. The Egyptian government floated the pound in March 2024, and the currency fell by 60%. The South African rand remained relatively stable in 2024 after a tumultuous time the year before.
🇪🇬Banque Misr (Egypt): $1.19B
🇪🇬CIB Egypt (Egypt): $1.091B
🇿🇦Standard Bank South Africa (South Africa): $1.069B
🇿🇦Nedbank (South Africa): $876.4M
Zenith Bank Plc and Guaranty Trust are the top banks with $670.6M and $662.1M, respectively. Record-breaking locally, but not enough to break into Africa’s billion-dollar profit club.
Nigerian banks had to deal with a devalued naira in 2024, but they were not alone. The Egyptian government floated the pound in March 2024, and the currency fell by 60%. The South African rand remained relatively stable in 2024 after a tumultuous time the year before.
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