In an exclusive interview with The Africa Report, Aklilu Wubet, president of Wegagen Bank and one of Ethiopia’s most experienced bankers, offers an insider’s perspective on how domestic banks are ...

Wegagen Bank S.C. was founded in June 1997 with an initial capital of 30 million Br. It currently has 360 shareholders and 151 million Br in paid up capital. It has 120,000 account holders, 2.3 ...

On March 21, Ethiopia issued its first-ever investment banking licenses, marking a historic shift in the nation’s financial sector. The Ethiopian Capital Market Authority (ECMA) granted the licenses ...

The Wegagen Bank S.C. Board of Directors has officially dismissed, Kidane Nikodemos, president of the Bank, after keeping him in suspense for four months. The letter terminating his contract, which ...

Ethiopia opened its stock exchange — part of a plan to lure investors to an economy recovering from a civil war — without any brokers and no initial public offering debuts. The government listed ...

Ethiopia launched a securities exchange on Friday, in what officials touted as a milestone in Prime Minister Abiy Ahmed's drive to open up the country's tightly controlled economy to private ...