All briefs
2026-05-07

WGBX up 1.4% to 1,190 birr; USD official ticks +0.19% as parallel gap holds near 14%

WGBX rose 1.4% to 1,190 birr on ESX while AWAB held flat at 3,000 birr. The official USD/ETB sell edged up 0.19% to 158.90, with the parallel rate at 181.86 — a ~14.5% gap.

FX

- USD/ETB (official): 157.33 buy / 158.9033 sell, change +0.19% on the day. - USD/ETB (parallel): today's quote not yet posted; latest print 2026-05-06 at 181.86 buy/sell. Implied gap vs official sell ≈ 14.5%. - Biggest day-mover: JPY/ETB +0.79% (sell 1.0178). EUR/ETB +0.56% to 186.7749, GBP/ETB +0.57% to 216.2197, CNY/ETB +0.47% to 23.329, AED/ETB +0.20% to 43.2578.

Macro

No fresh macro prints in the last 14 days. Most recent on file: Headline inflation 9.4% YoY (-0.3pp) for 2026-04-15. NBE policy rate (NBR) at 15%, 7-day interbank at 17.9%, 91-day T-bill 12.4%.

ESX

- Gainer: WGBX (Wegagen Bank) 1,190 birr, +1.40%. - Flat: AWAB (Awash Bank) 3,000 birr, 0%. GDAB (Gadaa Bank) printed at 1,100 birr with sheet change 0 — last close shifted from 1,000 but no daily change recorded. - Loser: IBMM (Interbank Money Market index) 12, −4.68% — index, not a stock.

Watch

- Debt restructuring: Ethiopia targeting October 2026 to finalize commercial debt restructuring (Reporter, 5/6). - Audit: Federal audit uncovered a 98 billion birr grand-corruption scandal (5/4) — fiscal-credibility watch item. - Import substitution: PM Abiy says program saved 14.5B USD over four years (5/4). - Banking regulation: NBE drafting a proclamation to spin insurance supervision into an independent authority (5/4) — structural shift for non-bank financials. - Filings: no new ESX listing notices since 2026-04-23 (Awash Bank main-market listing).