Latest T-bill Auction Raises 19b Br


Latest T-bill Auction Raises 19b Br

The central bank's latest auction of treasury bills (T-bills) saw a total of 19 billion Br worth of bids. The government-guaranteed bonds are auctioned off bi-monthly to financial institutions, pensioners funds and individuals. Of the total sum, 13 billion Br was raised in a non-competitive bid committed by commercial banks. A few weeks ago, the National Bank of Ethiopia (NBE) had obligated banks to commit returns from Development Bank of Ethiopia (DBE) bonds to buying T-bills. The average yield of T-bills with a maturity of 28 days declined to 7.8pc from 8.2pc during the previous auction last month. Similarly, the yield of 182-day and 365-day T-bills showed a slight decline from last month. As of the end of the last fiscal year, the federal government owed 120 billion Br to the central bank for the returns of T-bills.

[ssba-buttons]

Radar

Nib international Bank Faces Heavy Hit from Forex Revaluation, Pays 348 Million Br in Penalties

Nib International Bank S.C. (NIB) has reported a significant loss of 2.9 billion Br, primarily due to extraordinary foreign exchange revaluation losses today, during its annual shareholders meeting at the Millennium Hall on Africa avenue, Airport Road. The bank faced substantial penalties amounting to 348.4 million Br. These penalties included a 251 million Br fine for liquidity shortages and a 97.4 million Br charge for violations related to Real-Time Gross Settlement (RTGS) payments. The bank...


Radar

Railway Network Upgrade Positioned as Engine of Economic Transformation

The National Railway Business Summit took place at Skylight Hotel on October 21, 2025, signalling a historic step in modernising its railway network as a foundation for national development and regional connectivity. Government officials, industry leaders, investors, and experts from around the world convened to discuss infrastructure expansion, financing models, and technology adoption. Asma Redi, chief portfolio director at Ethiopian Investment Holdings, noted that the Ethiopian Railways Co...


Radar

Gold Prices Ease After Recent Surge

The price of gold, which surged sharply in recent weeks, has started to decline in the current selling market. Over the past 15 days, 21-carat gold has traded between 24,000 and 25,000 Br per gram for imported products and around 21,000 Br for local gold. Imported 18-carat gold sold for 21,000 Br, while local 18-carat pieces were priced at 19,000 Br. Traders note that the recent increase was twice as high as typical fluctuations, attributing the spike to export patterns from Arab countries. ...