Investment banking intelligence for Ethiopia's new capital market.
Underwriting, advisory, capital raising, structured finance, M&A and research — one digital adviser built for banks, corporates, cooperative unions and investors navigating ECX, ESX and the ECMA rulebook.
USD / ETB
158.0
Indicative
NBE policy rate
15.0%
National Bank of Ethiopia
Inflation (y/y)
19.4%
Headline CPI
364-day T-bill
16.8%
Latest auction clearing
ECX — commodity floor
Ethiopia Commodity Exchange · indicative closing levels
| Contract | Price | Δ day | Trend |
|---|---|---|---|
Washed Yirgacheffe A WYCA · ETB/quintal | 34,800 | +1.8% | |
Washed Sidama A WSDA · ETB/quintal | 33,150 | +1.1% | |
Unwashed Jimma A UJMA · ETB/quintal | 29,400 | -0.6% | |
Whitish Humera Sesame WSSH · ETB/quintal | 21,700 | +2.4% | |
Mung Bean (Green) MBGN · ETB/quintal | 9,850 | +0.4% | |
White Pea Bean WPBN · ETB/quintal | 8,300 | -1.2% |
ESX — listed equities
Ethiopian Securities Exchange · indicative
| Company | Price (ETB) | Δ day | Trend |
|---|---|---|---|
Wegagen Bank WEGA · Banking | 141 | +0.7% | |
Ethio Telecom ETEL · Telecom | 312 | +1.4% | |
Hibret Bank HIBR · Banking | 96 | -0.3% |
Deal pipeline
Illustrative mandates in motion
Commercial Bank of Ethiopia
Banking
Ethiopian Insurance Corp.
Insurance
Regional agro-processor
Agri-business
Tier-1 microfinance
MFI
Latest research
From the First Addis Capital desk
Birr after the float: FX pass-through and the export window
Post-liberalisation FX convergence has narrowed the parallel spread; exporters with ECX-cleared receivables gain a structural margin advantage while import-heavy balance sheets need hedging discipline.
Ethiopia's equity market: the first listings cohort
ESX's early cohort is bank-heavy. Free-float discipline, dividend records and audited IFRS books are the gating items for the next wave of listings.
Capital adequacy and the consolidation wave
Higher minimum paid-up capital thresholds are forcing mid-tier banks toward rights issues, Tier-2 instruments or mergers — a multi-year M&A and underwriting pipeline.