Cepheus Capital Research
Cepheus Capital Research

Cepheus Capital Research

Coverage: Ethiopia
Cepheus Capital is a private equity firm focused on the Ethiopian market. Cepheus Capital provides local insights into Ethiopia’s latest macroeconomic developments, evolving market and financial conditions, and sector-specific themes and trends.
Location: Addis Ababa

Analysts

Latest from Cepheus Capital Research

Ethiopia's recent trade performance

Exports hit $4.1bn in 2021-22, up 14% and driven by coffee, gold, and flowers; growth mostly reflected price effects. Imports reached a historic high of $18bn, with fuel, fertilizers, and food making up the top three commodities. Gross FX inflows ros...
Cepheus Capital Research Cepheus
Cepheus Capital Research @ Cepheus Capital Research 29 August 2022

Ethiopia's 2022-23 Budget

Headline numbers: The Ethiopian Parliament approved yesterday a government budget with planned expenditure of Birr 787bn (11% of GDP) for the new 2022-23 fiscal year, to be funded by Birr 439bn of revenue collections, Birr 39bn of grants, Birr 43bn o...
Cepheus Capital Research Cepheus
Cepheus Capital Research @ Cepheus Capital Research 12 July 2022

Ethiopia: Macroeconomic Review – Q1 2022

Ethiopia’s economy faced six distinct shocks this past quarter, including major price spikes in global markets as well as domestic shocks linked to conflict and drought. In the monetary area, the central bank’s policy response has been to slow the Bi...
Cepheus Capital Research Cepheus
Cepheus Capital Research @ Cepheus Capital Research 7 June 2022
Ethiopia: Macroeconomic Review – Q1 2022
Ethiopia: Macroeconomic Review – Q1 2022

Ethiopia: Macroeconomic Handbook 2022

With the conflict in Ethiopia turning out much more prolonged and devastating than many observers (including ourselves) anticipated, the Ethiopian macroeconomy has— for over a year now—found itself in a difficult war-time footing, facing immense huma...
Cepheus Capital Research Cepheus
Cepheus Capital Research @ Cepheus Capital Research 31 January 2022
Ethiopia: Macroeconomic Handbook 2022
Ethiopia: Macroeconomic Handbook 2022

Ethiopia’s Digital Economy

We review the digital economy landscape in Ethiopia – services offered, companies involved and activity indicators. Policy reforms are helping remove past constraints such as poor telecom connectivity and restrictive regulations. New entrants, new fu...
Cepheus Capital Research Cepheus
Cepheus Capital Research @ Cepheus Capital Research 1 July 2021
Ethiopia’s Digital Economy
Ethiopia’s Digital Economy

Ethiopia: Quarterly Macroeconomic Review – Q1 2021

While most macro indicators for the first quarter of 2021 showed a recovery from COVIDrelated shocks, the economic outlook has since become clouded by ongoing impacts from the recent conflict, heightened geo-political tensions, and rising risks to ex...
Cepheus Capital Research Cepheus
Cepheus Capital Research @ Cepheus Capital Research 16 June 2021