Markets · GabaawwanSeptember 17, 2026

The exchange approves eleven companies to list, and names none of them

Gabaan dhaabbilee kudha tokkoof hayyama kenne; maqaa garuu hin dhoofne

Yodit Kassa, chief executive of the Ethiopian Securities Exchange, told Bloomberg in Nairobi that eleven companies have approval in principle to list and that the first, a financial services firm, begins trading the following week. Six companies are on the main market today.

Ethiopian Securities Exchange, via Bloomberg

The week in numbers

The week so far, one figure at a timeAll items
  1. 11The exchange approves eleven companies to list, and names none of themGabaan dhaabbilee kudha tokkoof hayyama kenne; maqaa garuu hin dhoofneEthiopian Securities Exchange, via Bloomberg ·
  2. 53%Half of the record export year is gold, and that is the riskGalii alergii keessaa walakkaan warqee qofa ta'uun maaliif yaaddoo ta'e?Ensight, from Ministry of Trade and Ministry of Mines figures ·
  3. US$1.06bnRemittances out-earn gold, and the two official counts differ by US$1.06bnErgaan maallaqaa warqee caala; lakkoofsonni lamaan doolaara biiliyoona 1.06'n garaagaraEnsight, from National Bank, Diaspora Service and IFAD figures ·
  4. +0.9ppA policy rate 0.9 points above inflation: how tight is 16%?Dhalli imaammataa qaala'iinsa gatii qabxii 0.9'n caala: 16% hammam cimaa dha?Ensight, from National Bank and Statistical Service figures ·
  5. ETB 50.37bnThe miners pay the power bill, and the rains decide for how longWarri albuudaa kaffaltii humnaa kaffalu; hammam akka itti fufu roobatu murteessaEnsight, from Ethiopian Electric Power figures ·
  6. 2.7m ozKurmuk notifies the ministry that its first gold pour is imminentKurmuk warqee jalqabaa baasuuf qophaa'uu beeksiseCapital Newspaper; Ministry of Mines ·
  7. US$2,376A Guji lot sets a coffee record at the online specialty auctionBunni Gujii gatii rikardii ga'eEthiopian Coffee and Tea Authority ·
  8. 9 NovThe state bank sets a November deadline to link accounts to FaydaBaankiin mootummaa herrega Fayda waliin walqabsiisuuf guyyaa kaa'eCommercial Bank of Ethiopia ·
  9. 23%Electric Power cuts the data miners from 98% of contract to 23%Humni Elektirikii warra albuuda dijitaalaa 98% irraa gara 23%'tti hir'iseEthiopian Electric Power, via Bloomberg ·
  10. US$8.2bnTwo remittance figures land a week apart and do not agreeLakkoofsi ergaa maallaqaa lama torban tokko keessatti bahe; wal hin simneEthiopian Diaspora Service; IFAD ·

Analysis

What the numbers mean. Each piece tests one claim against published figures, and names every source and period.More analysis
AnalysisEconomy · Diinagdee

Half of the record export year is gold, and that is the risk

Galii alergii keessaa walakkaan warqee qofa ta'uun maaliif yaaddoo ta'e?Gold earned 53% of a US$10.7bn year. A basket that narrow moves with one price and one channel.The Ensight desk · October 21, 2026Read the analysis
Chart · US$ billionGoods exports, year to 7 July 2026
  1. Gold5.65
  2. Coffee3
  3. Everything else2.05

Source: Ministry of Trade and Regional Integration; "everything else" is an Ensight calculation

Markets · Gabaawwan
US$1.06bnEnsight, from National Bank, Diaspora Service and IFAD figures
AnalysisMarkets · Gabaawwan

Remittances out-earn gold, and the two official counts differ by US$1.06bn

Ergaan maallaqaa warqee caala; lakkoofsonni lamaan doolaara biiliyoona 1.06'n garaagara

Money sent home beats any single export. How much of it there is depends on which count you read.

Ensight, from National Bank, Diaspora Service and IFAD figures · October 20, 2026
Banking · Baankii
+0.9ppEnsight, from National Bank and Statistical Service figures
AnalysisBanking · Baankii

A policy rate 0.9 points above inflation: how tight is 16%?

Dhalli imaammataa qaala'iinsa gatii qabxii 0.9'n caala: 16% hammam cimaa dha?

The real policy rate is barely positive. The monthly pace says more about where prices are heading.

Ensight, from National Bank and Statistical Service figures · October 19, 2026
Infrastructure · Bu'uuraalee Misoomaa
ETB 50.37bnEnsight, from Ethiopian Electric Power figures
AnalysisInfrastructure · Bu'uuraalee Misoomaa

The miners pay the power bill, and the rains decide for how long

Warri albuudaa kaffaltii humnaa kaffalu; hammam akka itti fufu roobatu murteessa

Data miners out-paid the domestic supplier last year. A cut to 23% of contract tests that model.

Ensight, from Ethiopian Electric Power figures · October 18, 2026
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The briefing

All items
Three bank ATMs side by side in a hotel lobby
ProtoplasmaKid · CC BY 4.0
The state bank sets a November deadline to link accounts to FaydaBaankiin mootummaa herrega Fayda waliin walqabsiisuuf guyyaa kaa'e
An Ethiopian one-birr banknote from 1998
Flosegura · CC0
Two remittance figures land a week apart and do not agreeLakkoofsi ergaa maallaqaa lama torban tokko keessatti bahe; wal hin simne
Rows of cryptocurrency mining machines on blue metal shelving in a warehouse
Marco Krohn · CC BY-SA 4.0
Electric Power cuts the data miners from 98% of contract to 23%Humni Elektirikii warra albuuda dijitaalaa 98% irraa gara 23%'tti hir'iseEthiopian Electric Power reduced supply to data mining companies by 75 percentage points because hydrological inflows are falling; hydropower is about 96% of Ethiopian generation. A reassessment is due in October.
Ethio Telecom’s headquarters building above traffic on an Addis Ababa street
Oliversum · CC BY-SA 4.0
Ethio Telecom sets a 2026/27 plan and promises a first dividendItiyoo Telekoom karoora bara 2026/27 kaa'e; bu'aa jalqabaas waadaa galeThe operator targets ETB 295 billion of revenue and 96.2 million customers, with 4G sites rising from 6,924 to 11,014 and population coverage from 82.2% to 95%.

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Word of the week

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Yield curve Sararaa dhalaa

The set of interest rates a government pays at each maturity, discovered by people buying and selling the paper. Ethiopia lists forty-eight treasury bills on the exchange and none has traded, so the curve does not exist.

Dhala mootummaan yeroo tokkoon tokkoon isaatti kaffalu. Itoophiyaan waraqaa liqii afurtamii saddeet gabaa irratti galmeessite; tokkoyyuu hin daldalamne.

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