Foreign Exchange Market Report

July 29- August 3, 2024 The government of Ethiopia announced that a market-based exchange rate will be implemented on July 28, 2024. On July 29, the Commercial Bank of Ethiopia announced its inaugural market-based exchange rate, setting the rate for 1 USD at 74.7 for buying and 76.23 for selling.  The Ethiopian foreign exchange market […]

Tilahun Kassahun Appointed as CEO of Ethiopia’s Emerging Stock Exchange

In an important development for Ethiopia’s financial landscape, Tilahun Kassahun has been appointed as the founding CEO of the Ethiopian Securities Exchange (ESX). The decision was made during the latest board meeting chaired by Helaway Tadesse, where Tilahun’s expertise and experience were recognized as vital for the success of the exchange. ESX, which was officially […]