T-bill Market Sees Dramatic Turnaround

Oct 16 , 2021


[ssba-buttons]

The latest round of treasury bill auctions saw an oversubscription by over three billion Birr. Bidders offered 37.5 billion Br, although the central bank brought a total of 34 billion Br worth of bills to the table. The past three auctions attracted considerably lower offers as a result of regulatory changes that affected the liquidity position of commercial banks. Of the 60 billion Br in treasury bills availed in the last two auctions, financial institutions and other participants only offered to buy 11.7 billion Br worth. T-bills with 365-day maturity periods garnered the most offers in the latest auction on October 6, 2021. The cutoff yield for the bills stood at eight percent, one percentage point higher than the minimum interest rate offered on savings. T-bills with maturity periods of 28 and 180 days received the lowest offers, while there were no offers for T-bills with a maturity period of 90 days.


Radar

Ethiopia Unveils Consortium to Insure Millions of Farmers

Ethiopia has launched its Agricultural Insurance Consortium (AICE), pledging to protect three million farmers by 2026. Announced on July 3, 2025, at the Hyatt Regency, the initiative is backed by Pula Advisors and five major Ethiopian insurers. AICE plans to promote climate resilience through insurance bundled with the government's input voucher system. Leveraging AI platforms like Mavuno and PIE, it plans to standardise products, lower costs, and expand coverage to over 200 woredas. With agricu...


Radar

New Coopbank Partnership Targets Youth Economic Empowerment

The Cooperative Bank of Oromia (Coopbank) has signed a strategic agreement with Melka Ethiopia to provide loan services to over 120,000 young men and women nationwide. The partnership plans to promote youth economic empowerment by expanding access to finance and creating jobs, with a strong focus on rural and underserved areas. Both institutions held joint discussions to explore ways to improve youth livelihoods and financial inclusion. By closing access gaps, the partnership is expected to help...


Radar

Ethiopian Netpreneur Program Training Kicks Off

The Ethiopian Netpreneur 2025 Training Program has officially launched its first cohort in Addis Abeba with 64 entrepreneurs beginning their first round of training. Organised by the Global Digital Talent Academy, the initiative plans to empower local business owners, startup founders, and digital sector players with global-level e-commerce skills. At the launch event, Innovation and Technology Minister Belete Mola (PhD) urged participants to leverage the opportunity to build networks and shape...