Wegagen rises 7.5% to 1,190 birr as Awash holds at 3,000
Wegagen Bank (WGBX) climbed 7.5% to 1,190 birr on the ESX while Awash held at 3,000. Official USD/ETB eased 0.02% to 158.87 sell; parallel rate firmed 0.3% to 179.17.
FX
USD/ETB official 157.29 buy / 158.87 sell, change −0.02%. Parallel 179.17 (change 0.3%); computed gap vs official ~12.8%, narrower than the 16.7% Macro reading from 2026-05-07. EUR/ETB 185.13/186.99 up 0.11%; GBP/ETB 214.23/216.38 up 0.07%; JPY/ETB 1.0058/1.0158 down 0.19% (biggest day-mover); CNY/ETB 23.12/23.35 up 0.11%; AED/ETB 42.82/43.25 down 0.03%.
Macro
FX Gap (Parallel vs Official) printed 16.7% on 2026-05-07; today's FX rows imply ~12.8%. Other series (Inflation 9.4%, NBR 15%, GDP 9.2%) sit outside the 14-day freshness window — not refreshed.
ESX
WGBX (Wegagen Bank) led with 1,190 birr, change 7.5%. AWAB (Awash Bank) flat at 3,000 birr; GDAB unchanged at 1,100; IBMM flat at 12. No decliners on today's session.
Watch
Finance Minister Ahmed Shide told parliament total public debt has reached USD 51.8B — 33.5B external, 18.3B domestic — with 463.4B birr allocated to debt service in the 9-month report (Ethio Negari, 2026-05-07). TPLF said it is ready for unconditional negotiation and denied Foreign Affairs claims of collaboration with Sudan (Borkena, 2026-05-08). Addis Ababa and Bursa chambers signed a bilateral trade and cooperation agreement at the Ethio-Turkey Business Forum (ENA, 2026-05-07).