Issue 156: Stake Your Claim

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While the launch of the Ethiopian Securities Exchange is scheduled for a later date, Ethio Telecom will begin selling its 10% stake this week on its mobile money platform, Telebirr.

This week's coverage includes another fuel price hike, a sigh of relief for Ethiopia's coffee exporters, ChipChip's recent investment deal, and the full opening of Ethiopia's logistics sector to foreign investors.

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Ethio Telecom will become the country's first publicly traded company on Wednesday, October 16th. The company will sell a 10% stake directly to local investors through its mobile money platform, telebirr. Read more.

The federal government announced a rise in retail fuel prices, adjusting a liter of benzene to 91 birr and diesel to 90 birr.

Retail fuel prices have surged dramatically over the past five years, driven by global market dynamics, domestic economic reforms, and currency depreciation. Read more.

Fayda, Ethiopia’s national digital ID project, is joining forces with the Addis Ababa Civil Registration & Resident Services Agency (CRRSA) as it looks to issue one million new IDs monthly in the current fiscal year. Read more.

The Ministry of Transport & Logistics (MoTL) has fully opened the logistics and transport sector to foreign investors, a major policy shift boosting foreign investments, which the authorities hope will improve efficiency in the industry. Read more.

Ethiopia’s coffee exporters heave a sigh of relief as the pending implementation of the European Union’s Deforestation Regulation (EUDR) gets tabled for a year-long extension. Read more.

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ChipChip, an innovative e-commerce platform bringing consumers and suppliers together through group buying, has secured investment from Renew Capital as a lead investor as well as other international co-investors. Read more.

Immigration and Citizenship Services announces completing preparations to issue electronic passports (e-passports) starting from January 2025. Read more.

Behager Lij Studio, a five-year-old advertising company is blending education and entertainment in a bid to introduce community values to a new generation of Ethiopian youth. Read more.

To bridge the financing gap in micro, small, and medium enterprises (MSMEs), Ahadu Bank has launched an uncollateralized digital lending platform. Dubbed 'Mahder,' the new system enables credit registers, financial record keeping and reporting, and account opening. Read more

The price of beer has nearly doubled over three years. With many finding it unaffordable, they are turning to traditional spirits such as Areqe, a powerful punch packed into small pinches at modest prices. Read more.  

Ethiopia has submitted an amendment bill to the Council of Ministers to enhance the country's information network security management capabilities. The proposed amendments to the electronic signature decree would grant the Council of Ministers and relevant authorities the authority to issue regulations and guidelines for cyber security. Read more.