Ethiopia’s First Securities Exchange Begins Trading

Ethiopia’s First Securities Exchange Begins Trading Ethiopia’s long-awaited securities exchange has officially launched trading, introducing a secondary market for government treasury bills (T-bills) in electronic form. The milestone event was held at the Sheraton Addis Hotel, organized in collaboration with the National Bank of Ethiopia (NBE), the Ethiopian Capital Market Authority (ECMA), and the Ethiopian Securities Exchange (ESX). It brought together senior financial policymakers, bankers, and market participants, who marked the launch by ringing the ceremonial opening bell. The new platform enables T-bills—previously issued and settled in physical certificates—to be traded electronically, representing a major step toward modernizing Ethiopia’s financial infrastructure. “This is a historic shift in how Ethiopia mobilizes domestic capital,” Finance Minister Ahmed Shide said at the event. He emphasized that electronic T-bill trading will offer investors better yield opportunities while equipping the government with more efficient tools for managing public finances. National Bank Governor Mamo Mihretu highlighted that traditional funding sources such as taxes, loans, and grants have been inadequate to meet the country’s long-term development needs, underscoring the importance of deepening local capital markets. Gadda Bank and Wegagen Bank, the first two institutions registered as ESX trading members, jointly rang the opening bell to mark the start of trading. Their involvement signals the central role commercial banks are expected to play in developing Ethiopia’s emerging securities market.

AfDB Spotlights Startling Scale of Illicit Financial Flows in Ethiopia

Up to 30 percent of government revenue lost each year Ethiopia is losing up to 2.2 percent of its annual GDP growth and between 10 and 30 percent of government revenue to illicit financial flows (IFF), according to data highlighted in the African Development Bank’s (AfDB) 2025 Country Focus Report on Ethiopia. The staggering figures pose a major obstacle to economic stability and resource mobilization in a country already struggling with foreign exchange shortages, debt stress, tax collection, and conflict-induced development setbacks. The AfDB report identifies trade mis-invoicing, particularly import over-invoicing and export under-invoicing as the dominant channels of IFF, accounting for 55 to 80 percent of the total illicit outflows from Ethiopia. These illegal practices, largely tied to cross-border commerce and financial crime networks, result in the loss of billions of Birr in taxable revenue and cripple Ethiopia’s public investment capacity. “Currently, these deep financial movements are not formally documented,” a financial intelligence expert told The Reporter. “There’s no reliable registration process. The routes used may or may not be lawful—but we simply can’t be sure. That’s the nature of these crimes—they’re hidden, sophisticated, and deeply embedded in international networks.” Despite legal reforms such as the 2013 Money Laundering and Terrorism Financing Proclamation, implementation challenges persist. Ethiopia’s efforts to curtail IFF remain constrained by weak enforcement, poor inter-agency coordination, and inadequate financial intelligence frameworks, according to sources familiar with the sector. While institutions like the Ministry of Revenues and the Addis Ababa Revenues Bureau are stepping up collaboration, critics say this is not enough. “We need sector-specific studies, deeper investigations, and stronger international collaboration,” the expert added. “Right now, Ethiopia doesn’t even have a comprehensive integrity index specific to financial crimes in Ethiopia.” However, the African Development Bank country report noted that Ethiopia’s revenue shortfalls are not due to IFF alone. AfDB also cited inefficient tax law enforcement, unchecked tax incentives, and logistical constraints as barriers to domestic resource mobilization. While the government has introduced reforms such as the digitization of tax collection, autonomy for the Ministry of Revenues and Customs Commission, and revised VAT policies, these efforts have not been enough to close revenue leaks. “The legal framework exists, but the capacity to enforce and trace violations needs improvement,” said an official close to the National Financial Intelligence Committee, which is chaired by the Prime Minister. “Trade-based money laundering, in particular, is now being recognized as a standalone criminal methodology. It requires systemic, multi-stakeholder responses.” Ethiopia’s mining sector, for instance, has long been vulnerable to informal transactions and unregulated exports. Although it contributes 14 percent of exports, its share in GDP and government revenue has still yet to reach one percent. Reports indicate that this is as a result of widespread illegal mining, institutional gaps, and regulatory inconsistencies. The country’s ambitious goal to boost the mining sector’s GDP share to ten percent by 2030 remains out of reach without major reforms in transparency and investment governance, analysts warn. On the other hand, the bank’s report also indicated that illicit financial flows and policy weaknesses have compounded Ethiopia’s difficult business climate. It states that between 2021 and 2023, business registrations dropped by nearly 20 percent, from over 3.8 million to 3.1 million. In Addis Ababa alone, new license registrations fell by 39 percent, while license renewals declined by 28 percent over a three-year period, it noted. In a report last year, officials at the Addis Ababa City Administration Trade Bureau stated they had issued close to 81,000 new business licenses over a nine-month period, while more than 27,000 traders had voluntarily canceled their business permits. Trade officials also conceded that a similar number of licenses had been withdrawn over the preceding year. Still, the AfDB notes promising developments: the government is pushing for a market-determined exchange rate, expanding digital financial services, and preparing to launch the Ethiopian Securities Exchange (ESX)—a move that could diversify business capital and reduce dependence on informal financing. Investigations into suspicious financial flows, including one case involving large sums of undeclared cash at Bole International Airport, are ongoing—but fragmented, sources told The Reporter. “There are red flags everywhere,” the financial intelligence expert stressed. “But we lack a full picture. There’s no definitive data on how widespread these activities are, who is involved, or the actual volume of capital loss. More work—much more—is needed.” International frameworks such as the Financial Action Task Force (FATF) are aiding Ethiopia’s intelligence-sharing efforts. However, enforcement remains mostly reactive, triggered only when illicit flows pass through formal banking systems. Analysts caution that until systemic monitoring and real-time financial intelligence become standard practice, the Ethiopian economy will remain vulnerable to external leakages and internal inefficiencies. With annual GDP and revenue losses running into tens of billions of birr, experts warn that unless comprehensive reforms are implemented, these “hidden drains” will continue to stunt Ethiopia’s fiscal growth and social progress. “Illicit finance is no longer a shadow issue—it’s a structural one,” the official said. “It’s time Ethiopia treated it as such.”

Ethiopia Risks Jeopardizing Foreign Financing after World Bank Classification Suspension

WB Ethiopia office points to incongruences in parallel and official forex rates Difficulties in determining average foreign exchange rates have led the World Bank to temporarily omit Ethiopia from this year’s edition of its annual update on gross national income per capita classification, potentially affecting the country’s ability to access foreign finance. Venezuela is the only other country under a “classification suspension”, which also marks Ethiopia’s first absence from the report since the World Bank Group began publishing national GNI data in 1987. Each year, the World Bank classifies world’s economies into four income groups (low, lower-middle, upper-middle, and high) based on the previous year’s Gross National Income per capita, expressed in US dollars. In an email interview, the World Bank Ethiopia office told The Reporter that Ethiopia’s suspension is rooted in the disparity between official and parallel foreign exchange market rates and the tremendous shifts the forex market has undergone over the past year as part of the administration’s economic reforms. “The WB generally uses the official exchange rate as reported to the IMF to convert local currency units into US dollars. However, this exchange rate is not always reflective of the economic reality. Certain countries maintain dual or multiple official rates, often accompanied by active parallel market segments. To ensure accurate representation in underlying statistics, a composite exchange rate should be used. This approach provides a more accurate reflection of actual market transactions and improves the comparability across countries,” reads the response. “In the case of Ethiopia, there has been an active parallel market for several years and the spread between the official and parallel market rates was significant and had reached above 100 percent prior to the launch of the economic reform program in July 2024,” the WB Ethiopia office told The Reporter. The World Bank notes the official exchange rate has largely converged with the parallel rate since the currency was floated a year ago, and says using the official exchange rate that prevailed before July 2024 could be potentially misleading. “Thus, to allow more time to determine a suitable exchange rate and to carefully examine the implications of the reforms on the exchange rate, Ethiopia has been temporarily suspended from the income classification,” reads the response. A country’s income classification not only reflects its level of development, but it also has the potential to influence its development trajectory. It affects eligibility for official development assistance and concessional financing, reads a WB Group blog. “Since the late 1980s, the classification of countries into income categories has transformed. The number of low-income countries has steadily declined, while the number of high-income countries has increased,” reads the intro to the bank’s classification for the year 2026. “This shift reflects broader global economic developments, including sustained growth in many developing countries, greater integration into the global economy, and the effects of policy reforms and international organizations’ support.” In 1987, nearly a third of reporting countries were classified as low-income and a quarter as high-income countries. By 2024, these ratios shifted to 12 percent low-income and 40 percent high-income, according to the update. Nearly half of all countries in Sub-Saharan Africa are classified as low-income, down from 75 percent four decades ago.

Government Plans to Raise 173 Billion Birr through T-Bill Sales

The National Bank of Ethiopia (NBE), the Ethiopian Capital Market Authority (ECMA), and the Ethiopian Securities Exchange (ESX) have officially launched the sale of treasury bills for the first time ever in the history of the nation. Finance Minister Ahmed Shide announced during the launch on Friday, July 11 that the government is offering treasury bills to investors to help bridge a budget deficit of 188 billion birr, out of the total 1.9 trillion birr budget allocated for the 2018 fiscal year. He stated that 173 billion birr of this deficit will be offset by raising capital through treasury bills. According to the Minister, the domestic borrowing will be conducted in a way that avoids increasing inflation and maintains macroeconomic stability. He also noted that existing treasury bills are being transitioned to electronic transactions, and new issuances will follow via a digital format. Tilahun Ismail (PhD), CEO of the Ethiopian Securities Exchange, announced that government treasury bills with a 182-day maturity, as well as shares of Wegagen and Geda banks, have started trading. He explained that Ethiopian individuals and institutions can now buy and sell bills and shares through investment banks. He added that government debt securities can be purchased from a minimum amount of 4,700 birr upward, while bank shares are available from a floor price of 1,000 birr. Technological infrastructure has been developed to support these transactions. Tilahun also mentioned that all banks—except for commercial bank of Ethiopia and development bank—and one state-owned insurance company are preparing to list their shares. The Ethiopian Securities Exchange aims to list 50 companies within the next three years and 90 companies over the next decade. Government development enterprises may also be introduced to the market in the future. Mamo Mehiretu, Governor of the National Bank of Ethiopia, emphasized that the organization of the capital market will play a key role in enhancing the effectiveness of monetary policy, reducing inflation, and supporting overall macroeconomic stability. He underscored the importance of supporting the growth and strengthening of the securities market, highlighting the necessity of treasury bill sales to address the budget deficit.

U.S. Embassy Limits Ethiopian Nonimmigrant Visas to Three Months, Single Entry

U.S. Embassy Limits Ethiopian Nonimmigrant Visas to Three Months, Single Entry The U.S. Embassy in Addis Ababa has announced a new restriction on the validity of most nonimmigrant visas for Ethiopian citizens, reducing them to single-entry visas valid for only three months. Effective July 8, 2025, this change applies to all newly issued nonimmigrant visas. The Embassy confirmed the update in an official statement released on X (formerly known as Twitter), explaining that the new rule reflects updated guidelines from the U.S. Department of State. “Most nonimmigrant visas for Ethiopian citizens will be limited to single entry and a three-month validity period,” the Embassy’s statement read. Visas issued before July 8 will remain valid under their existing terms and conditions. The new policy is part of broader efforts by the U.S. to tighten visa regulations. Recent reports suggest that U.S. authorities are weighing additional travel restrictions for citizens of 36 countries—including Ethiopia—over concerns about passport security standards and cooperation on deportations. Under these proposals, countries that fail to address U.S. security requirements within 60 days could face a partial or complete suspension of visa services. Enhanced screening measures are already in effect. Since June 18, 2025, applicants for student (F and M) and exchange visitor (J) visas have been required to make their social media profiles public for more thorough security vetting. The Embassy did not provide further details on how long the new visa restrictions would remain in place.

Ethiopia Proposes Raising Top Income Tax Threshold to 14,000 Birr

Ethiopia Proposes Raising Top Income Tax Threshold to 14,000 Birr A new bill tabled in Ethiopia’s House of People’s Representatives aims to increase the threshold for the highest income tax rate, moving the point at which the 35 percent tax applies from 10,900 birr to 14,000 birr. The current top rate and its threshold were established by the 2008 Income Tax Proclamation, which set the 35 percent rate for monthly salaries exceeding 11,000 birr. The draft amendment was formally submitted to parliament last Friday, June 27, 2017, during a special session. The Ministry of Finance says the reform is part of a broader strategy to raise tax and duty revenue to 11 percent of GDP over the next four years. The explanatory memorandum notes that the current tax law “has been in force for over nine years” and contains “gaps” that no longer reflect Ethiopia’s economic conditions or the complexity of its business environment. The proposed amendment seeks to modernize the tax base to better fit the digital economy and curb tax evasion. Key Changes in the Draft Bill The minimum monthly income exempt from tax would rise from 600 birr to 2,000 birr. The threshold for the highest tax rate (35 percent) would move from 10,900 birr to 14,000 birr. The overall income tax rates (ranging from 10 percent to 35 percent) would remain unchanged, but salary brackets would be slightly adjusted. Under the existing law, monthly employment income is taxed progressively in six brackets, with the top rate of 35 percent applied to salaries above 10,900 birr. Income up to 600 birr is currently tax-free, while earnings from 601 to 1,650 birr are taxed at 10 percent. The government says the adjustment aims to relieve some cost-of-living pressures without severely harming public revenue. The explanation highlights that “especially regional governments” rely heavily on payroll taxes to fund services. During public consultations, some proposed significantly raising the tax-free threshold. However, the Ministry of Finance rejected those proposals, arguing they would result in revenue losses that cannot be offset elsewhere. “Reducing the tax rate or dramatically increasing the exempt bracket would create unsustainable pressure on government finances, especially for regional governments,” the memorandum states. Officials describe the proposed changes as a “balanced adjustment,” designed to account for employees’ increased living costs while minimizing harm to government services. The ministry also warns that any broader cuts would have “a significant negative impact” on service delivery, noting that the government could lose about 0.21 percent of GDP in revenue from these modest revisions alone. The draft bill also proposes similar small-scale adjustments to the taxation of rental income and income from self-employment. Parliament referred the draft proclamation to its Standing Committee on Planning, Budget and Finance for detailed review. Because the current parliamentary session ends on Monday, June 30, 2017, the bill is expected to be debated when the House reconvenes in September.

Ethiopian Airlines Set to Launch First-Ever Flights to Australia

Ethiopian Airlines Set to Launch First-Ever Flights to Australia Ethiopian Airlines is preparing to launch passenger flights to Australia—the only continent it has not served in its eighty-year history. The new service will connect Addis Ababa with Melbourne, forging a long-awaited link between Africa and Australia while boosting trade, tourism, and investment flows. Given the route’s long distance, the airline is expected to deploy its long-haul fleet of Airbus A350 or Boeing 787 Dreamliner aircraft, both known for their fuel efficiency and passenger comfort on ultra-long-haul routes. Ethiopian Airlines executives are reportedly in advanced discussions with Melbourne Airport officials and are making detailed operational preparations for the launch. According to sources, the airline has been planning flights to Australia for six years, but the challenge of securing suitable aircraft capable of serving such a long journey delayed the project. It is expected that the new route may include stopovers in cities such as Singapore for refueling and operational efficiency. The addition of Australia will complete Ethiopian Airlines’ truly global network. The carrier already has a strong and growing presence on every other inhabited continent: Africa: Its primary network, with over 60 destinations across the continent, cementing Addis Ababa as Africa’s leading aviation hub. It connects major cities in West, East, Central, North, and Southern Africa, serving business and leisure travelers alike. Europe: Ethiopian Airlines flies to more than 20 cities across Europe, including London, Paris, Frankfurt, Rome, Brussels, and Stockholm. These connections support both passenger and cargo demand, linking Africa with European markets. Asia: A robust network covers key destinations in China (Beijing, Shanghai, Guangzhou, Chengdu), India (Mumbai, Delhi, Bangalore), Southeast Asia (Bangkok, Manila, Kuala Lumpur, Jakarta), and the Middle East (Dubai, Riyadh, Jeddah, Beirut). North America: The airline serves major cities such as Washington, D.C., Chicago, Newark, Toronto, and Atlanta, offering crucial links for African diaspora communities, tourists, and cargo operations. South America: Ethiopian Airlines operates flights to São Paulo and Buenos Aires, demonstrating its commitment to linking Africa with Latin America for trade and tourism. By adding Australia to its network, Ethiopian Airlines will complete its vision of connecting Africa to every continent, reinforcing its position as Africa’s largest and most globally connected carrier. The airline now has annual revenues exceeding $7 billion and serves more than 150 destinations worldwide. Its extensive route map and modern fleet have transformed Addis Ababa’s Bole International Airport into a strategic gateway for travel and trade between Africa and the world.

Ethiopia’s Securities Exchange Set to Begin Official Trading This Week

Ethiopia’s Securities Exchange Set to Begin Official Trading This Week Ethiopia’s much-anticipated Securities Exchange (ESX) is poised to launch full-scale trading next week, marking a watershed moment in the country’s financial modernization journey. This milestone follows successful pilot transactions conducted just two weeks ago, paving the way for a fully operational, regulated securities market that promises to reshape investment and economic growth in Africa’s second-most-populous nation. From Concept to Reality: The ESX Journey Established in October 2023, the ESX represents Ethiopia’s first organized securities exchange, a critical step in diversifying the country’s economy and deepening its financial sector. Since its inception, the exchange has attracted substantial attention from both domestic and international investors, eager to tap into Ethiopia’s large market potential and dynamic economic reforms. In January 2025, the ESX held its official inauguration, unveiling its electronic trading platform and integrated central securities depository. These modern systems allow for the efficient issuance, trading, clearing, and settlement of diverse financial instruments, including equities, treasury bills, corporate bonds, and Sharia-compliant securities. Record-Breaking Capital Raising Campaign The exchange’s credibility received an early boost through an exceptionally successful capital-raising campaign. Launched in November 2023, the initiative set out with a target of approximately 205 million birr but ultimately secured 1.5 billion birr (about $26.6 million)—an extraordinary oversubscription of 631%. This impressive result reflects strong investor confidence. In total, 48 institutional investors participated, spanning sectors such as banking, insurance, and non-financial industries. The coordinated effort involved investor roadshows and negotiations in Addis Ababa, Nairobi, and London, signaling international interest in Ethiopia’s financial sector liberalization. A Pioneering Public-Private Partnership Model The ESX is structured as a public-private partnership, designed to balance state oversight with private sector dynamism. The Ethiopian government, through Ethiopian Investment Holdings, holds a 25% stake, while private investors own the remaining 75%. Key foreign institutional investors include: FSD Africa – a UK-backed development agency supporting capital market development Trade and Development Bank Group (TDB) – a regional multilateral bank Nigeria’s NGX Group – operator of the Nigerian Exchange Domestic stakeholders include: 16 private commercial banks 12 private insurance companies 17 other institutional investors State-owned giants such as Ethio Telecom and the Commercial Bank of Ethiopia also hold shares, underscoring the government’s strategic interest in ensuring the ESX’s stability and success. Early Listings and Market Roadmap Several companies are already lined up to participate in Ethiopia’s new capital market. Gadaa Bank S.C. recently confirmed its official registration with the ESX, becoming the second bank to do so after Wegagen Capital Investment Bank S.C., which received the exchange’s first business membership certificate earlier in 2025. Looking ahead, the ESX has laid out an ambitious roadmap: Up to 50 companies are expected to list in the next five years More than 90 businesses targeted over the first decade This expansion aims to deepen the domestic capital market, offering Ethiopian businesses new channels to raise funds while giving investors diversified opportunities. Catalyzing Broader Economic Reforms The ESX is a centerpiece of Ethiopia’s wider economic reform agenda, which seeks to modernize the financial sector, boost private sector development, and attract foreign direct investment. By introducing a transparent, regulated marketplace for securities trading, the ESX will: Improve access to long-term financing for both public and private enterprises Enhance corporate governance and financial disclosure Stimulate investment-led economic development Promote financial inclusion Tackling Financial System Challenges Historically, Ethiopia’s banking system has lacked an interbank trading platform, making liquidity management difficult and driving up borrowing costs. The ESX is actively addressing this gap. Since piloting its interbank trading platform in late 2024, the exchange has facilitated over 135 billion birr (approximately $1.1 billion) in trades. This development has already improved credit accessibility for businesses and reduced systemic funding pressures in the banking sector. A Game-Changer for SMEs and the Broader Economy Experts see the ESX as a transformative institution with the potential to unlock growth for Ethiopia’s small and medium-sized enterprises (SMEs). Traditionally reliant on bank loans—often limited and expensive—SMEs will now have access to a wider pool of investors through equity and debt issuance. By mobilizing domestic and foreign capital, the ESX is poised to support entrepreneurship, job creation, and economic diversification. Development partners have praised the initiative as a model for sustainable, market-driven growth in Africa. As the ESX prepares to begin official trading next week, it signals the start of a new era for Ethiopia’s financial system. With strong investor backing, robust technology, and a clear reform vision, the exchange is set to become a vital engine of economic modernization, driving investment, growth, and prosperity for millions of Ethiopians.

CBE Achieves Historic ETB 1.69 Trillion in Total Deposits, Fueling Confidence in Ethiopia’s Banking Sector

CBE Achieves Historic ETB 1.69 Trillion in Total Deposits, Fueling Confidence in Ethiopia’s Banking Sector The Commercial Bank of Ethiopia (CBE), the country’s largest state-owned bank, announced on Tuesday that it has reached a record-breaking ETB 1.69 trillion in total deposits, marking an unprecedented milestone in the history of Ethiopia’s banking industry. The figure represents a remarkable increase of over ETB 515 billion during the 2024/25 fiscal year alone—an annual growth rate that underscores the institution’s dominant position and the continued trust of the Ethiopian public. In an official statement, CBE President Abe Sano praised the achievement as a testament to the discipline, teamwork, and shared sense of ownership demonstrated by the bank’s staff at every level—from the Board of Directors to regional branches, head office personnel, and worksite supervisors. He credited the milestone to the bank’s “unwavering commitment” to serving its customers in a rapidly evolving economic environment. “This extraordinary result showcases our resilience and the depth of our capacity to deliver exceptional customer service, even in the face of complex challenges,” Sano said. Strong Deposit Growth Despite Headwinds CBE’s surge in deposits is especially notable given the macroeconomic headwinds Ethiopia has faced in recent years, including inflationary pressures, foreign exchange shortages, and geopolitical tensions. The bank’s leadership attributed the record deposit growth to several strategic initiatives: Aggressive Branch Expansion: CBE has been expanding its branch network, particularly in rural and underbanked regions, bringing formal financial services to millions of new customers. Digital Transformation: The bank has invested heavily in mobile banking, online platforms, and agent banking networks, making it easier for customers to transact and save. Targeted Deposit Mobilization Campaigns: Focused marketing and outreach efforts encouraged both retail and institutional customers to increase savings, with tailored products designed to attract deposits from diverse sectors. According to industry analysts, the ETB 515 billion jump in deposits in a single fiscal year is among the largest annual gains ever recorded by an Ethiopian financial institution, reflecting rising public confidence in the safety and convenience of formal banking channels. CBE’s robust deposit base has significant implications for the broader Ethiopian economy. As the country’s largest lender, the bank plays a central role in financing critical sectors, from agriculture and manufacturing to infrastructure and trade. Larger deposits translate to greater lending capacity, potentially spurring economic growth and job creation at a time when Ethiopia is working to implement ambitious economic reforms. Analysts also note that strong deposit growth can help improve domestic resource mobilization—a crucial policy goal as Ethiopia seeks to reduce reliance on foreign debt and develop more sustainable sources of financing for its development agenda. Leadership’s Vision for the Future President Abe Sano reiterated that the record deposits are not an endpoint but a foundation for future growth. He emphasized the bank’s commitment to maintaining financial stability, enhancing customer experience, and driving financial inclusion. “We view this achievement not as a finish line but as a launching pad for even greater service to the nation,” he said. “Our priority remains the sustainable development of Ethiopia’s financial sector and the empowerment of our people through accessible, reliable, and innovative banking solutions.” Sector-wide Competition and Reforms The record-breaking performance comes at a time of significant change in Ethiopia’s banking landscape. The government has moved to open the sector to foreign competition, recently issuing guidelines that will allow foreign banks to establish subsidiaries or representative offices. Industry experts believe this will raise the bar for customer service, technological innovation, and financial product diversification. CBE’s leadership has signaled that it welcomes competition, viewing it as an opportunity to further strengthen operations and deliver even better value to customers. As the new fiscal year begins, CBE’s focus will remain on consolidating its gains, further expanding access to banking services, and supporting Ethiopia’s broader development objectives. With its record ETB 1.69 trillion in deposits, the Commercial Bank of Ethiopia is well-positioned to remain the financial backbone of Africa’s second-most populous country. For Ethiopia’s banking industry and the wider economy, CBE’s milestone is not just a number but a sign of resilience, ambition, and a banking sector ready to meet the challenges and opportunities of a changing world. 3 COMMENTS Ittu Aba Farda July 4, 2025 At 3:58 am There is another news that just came out of the old country that will make you bigots and connivers cry rivers. The construction of the GERD has officially completed and a huge inauguration date is said to be planned on the Ethiopian New Year Day this coming September. So far, the dam has not affected the flow of fresh water reaching either Sudan or Egypt, not even by the spoonful. Watch Egypt now. It will hire some so-called experts to cook up fabricated ‘data’ to lie about the flow of water reaching its territory since the construction began in 2011. But it will not tell the world that it has begun diverting part of the very flow of the river to build a new mega city in the middle of a desert. Liar, liar, your pants on fire!!! This dam has already started benefiting neighboring Djibouti and Kenya with cheap electricity. Farther down countries like Tanzania and even Malawi are screaming with ‘pass the dutchies bro’. Wait a minute! Hold up, hold up folks! There is breaking news. Meteorologists are now reporting a sudden and dangerous rise of water in the rivers and lakes in Minnesota, Toronto, Oslo and Down Under. But it has not been raining there for more than 48 hours. They found out the source. It was the tears from crying bigots and connivers. They were heard crying and begging their benefactor in Asmara (who is always around them with brown paper bags full of crisp US dollars) to send its clunky Mig-29’s and blow up the dam for them. There is another news that just came out of the old country that will make you bigots and connivers cry rivers. The construction of the GERD has officially completed and a huge inauguration date is said to be planned on the Ethiopian New Year Day this coming September. So far, the dam has not affected the flow of fresh water reaching either Sudan or Egypt, not even by the spoonful. Watch Egypt now. It will hire some so-called experts to cook up fabricated ‘data’ to lie about the flow of water reaching its territory since the construction began in 2011. But it will not tell the world that it has begun diverting part of the very flow of the river to build a new mega city in the middle of a desert. Liar, liar, your pants on fire!!! This dam has already started benefiting neighboring Djibouti and Kenya with cheap electricity. Farther down countries like Tanzania and even Malawi are screaming with ‘pass the dutchies bro’. Wait a minute! Hold up, hold up folks! There is breaking news. Meteorologists are now reporting a sudden and dangerous rise of water in the rivers and lakes in Minnesota, Toronto, Oslo and Down Under. But it has not been raining there for more than 48 hours. They found out the source. It was the tears from crying bigots and connivers. They were heard crying and begging their benefactor in Asmara (who is always around them with brown paper bags full of crisp US dollars) to send its clunky Mig-29’s and blow up the dam for them. Ittu Aba Farda July 4, 2025 At 7:23 am This is what you get when geniuses run corporations. There is no other way but up and up. Kudos to you super achievers!!! Such uplifting news should be conveniently available for readers in our Diaspora. It will make these bigots and connivers among us cry their eyeballs out. I wanna see them cry rivers. They never regret for urging their blind gullible followers to go out and burn down factories, the sure signs of development and advancement. Once again congratulating to the CEO’s and all employees of these banks. Go get’em tigers!!!! Now I’m good for a month!!! This is what you get when geniuses run corporations. There is no other way but up and up. Kudos to you super achievers!!! Such uplifting news should be conveniently available for readers in our Diaspora. It will make these bigots and connivers among us cry their eyeballs out. I wanna see them cry rivers. They never regret for urging their blind gullible followers to go out and burn down factories, the sure signs of development and advancement. Once again congratulating to the CEO’s and all employees of these banks. Go get’em tigers!!!! Now I’m good for a month!!! Hussen Ali Seid July 6, 2025 At 11:57 pm The first look one Person BTC coin gets l am Hussen Ali seid more company my best friend my marketing electronic marketing systems all would look my my Application coin cap marketing look BTC coin ETH so my best love country Ethiopia successful The first look one Person BTC coin gets l am Hussen Ali seid more company my best friend my marketing electronic marketing systems all would look my my Application coin cap marketing look BTC coin ETH so my best love country Ethiopia successful Comments are closed.