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- Issue 186: Back in Legal Crosshairs
Issue 186: Back in Legal Crosshairs
Top Stories of the Week
Capital Market Authority Investigates Ermias Amelga Over Alleged Unauthorized Securities Offerings
Ethiopia Eyes Change in Vehicle License Plate Codes
The Dangers of Ethiopia’s P2P-Driven Digital Economy
Currency Shock, Expansion Costs Push Safaricom Ethiopia Into 42 billion Birr Loss
AfDB, Dashen Bank Sign $40M Trade Finance Deal to Boost Ethiopian Imports, Private Sector
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Capital Market Authority Investigates Ermias Amelga Over Alleged Unauthorized Securities Offerings
The Ethiopian Capital Market Authority (ECMA) has launched an investigation into real estate pioneer Ermias Amelga and Genesis Investment Services PLC for allegedly raising funds through unauthorized securities offerings.
The ECMA's statement indicates that these activities may have violated Ethiopia's capital market regulations. The authority is currently assessing the extent of the alleged infractions and their potential impact on investors. Read more.
Ethiopia Eyes Change in Vehicle License Plate Codes
The Ministry of Transport and Logistics announced plans to change the vehicles license plate coding, putting an end to the existing system of plate identification by region. Read more.
The Dangers of Ethiopia’s P2P-Driven Digital Economy
When business payments are masked as personal transfers, it becomes harder for policymakers and financial institutions to recognize the real scale of commercial activity.
This misclassification distorts economic indicators, stunts the development of tailored financial products for small businesses, and ultimately slows down efforts to build a more inclusive digital economy.
What appears today as a statistical oversight could soon turn into a structural problem and a missed opportunity to formalize, finance, and grow the very businesses driving Ethiopia’s digital transformation. Read More.
Insights Powered by Project AKOFADA.
What’s on Our Mind
A few weeks ago, BYD announced a price cut for its Seagull EV, lowering the starting price to 56,800 yuan ($7,800). This marks a substantial drop from the previous price of 69,800 yuan ($9,500) for the non-Smart Driving Vitality Edition model.
Ethiopia is one of the emerging markets for the Chinese automaker, thanks to growing EV adoption and BYD’s recent partnership with MOENCO, which now serves as the official distributor of BYD’s electric and hybrid vehicles in the country.
However, it’s unclear how this price reduction will translate to the Ethiopian market. In 2022, when the government lifted taxes on imported EVs to encourage adoption, local car sellers surprisingly increased prices—contrary to expectations.
So, will the price of the BYD Seagull drop, remain unchanged, or inexplicably rise in Ethiopia? The answer should become clear in the next two to three months—the typical timeframe for shipments from China to arrive in the country.
Currency Shock, Expansion Costs Push Safaricom Ethiopia Into 42 billion Birr Loss
Safaricom Ethiopia reported a staggering 42-billion-birr operating loss in the financial year, despite a 270% surge in revenue to 7.2 billion birr. Read more.
Exploring the Growth of Non-Bank Financial Institutions in Ethiopia
The financial services landscape of Ethiopia is evolving rapidly, with a significant increase in non-bank financial institutions over the past decade. From just one institution in 2010 to sixteen as of April 2025.
FinTech's are playing an increasingly vital role in expanding access to financial services beyond banks.
Explore the detailed infographic under AKOFADA (Advancing Knowledge on Financial Accessibility and DFS Adoption), our initiative to support informed decision-making in digital finance.
Visit DFS Ethiopia Hub to download the high-resolution visual.
Afreximbank Launches $1bn Africa Film Fund
African Export-Import Bank (Afreximbank), through its development impact investment arm, the Fund for Export-Development in Africa (FEDA), has committed to spearhead the launch of the Africa Film Fund as part of its Creative Africa Nexus Programme (CANEX). Read more.
Ethio Telecom Enters E-Commerce with Zemen Gebeya
Ethio telecom is tapping into its vast user base and rolling out trust-enhancing tools as it enters the e-commerce sector with Zemen Gebeya. Read more.
Can Hasab AI Launch with 97% Accuracy Be a Turning Point for Ethiopian Speech Technology?
With 97% accuracy in Amharic speech recognition, Hasab AI is blending open-source frameworks with proprietary models tailored to local dialects to unlock a new stage for Ethiopian speech technology. Read more.
AfDB, Dashen Bank Sign $40M Trade Finance Deal to Boost Ethiopian Imports, Private Sector
The African Development Bank (AfDB) and Dashen Bank have signed a $40 million trade finance transaction guarantee facility designed to strengthen Dashen Bank’s ability to support Ethiopia’s vital import and export sectors. Read more.
Digital P2P Lending Platform for Ethiopia
What if borrowers and lenders could connect directly through a simple and innovative way? A Digital P2P Lending Platform could be the answer for this.
Shega’s AKOFADA project latest report explores the design and applicability of a safe and seamless platform for connecting borrowers and lenders.
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