Japan Offers Support for War Bystanders

Japan provided an emergency grant worth 6.6 million dollars for people affected by the armed conflict in Tigray Regional State.


Japan Offers Support for War Bystanders

Japan provided an emergency grant worth 6.6 million dollars for people affected by the armed conflict in Tigray Regional State. The support, which will go toward refugees and internally displaced persons (IDPs), will be implemented in four areas: food and nutrition; health; emergency shelter and non-food items; and water, sanitation and hygiene. The grant is expected to provide nutritious food to over 620,000 children under five years old and around 267,000 pregnant and lactating women. A portion is dedicated toward the procurement of medical supplies for over two dozen health centres, the provision of mental health services, as well as the repair of health centres for about 50,000 IDPs. The provision of construction materials and the repair of over 2,000 damaged households is also a component of the grant. Repairing water supply systems and providing an estimated 85,000 people with access to safe drinking water, distributing hygiene products to 200,000 people, and installing 100 communal latrines in the Regional State are also part of the grant's objectives. The support will be executed through the World Food Programme, the International Organisation for Migration, the United Nations Children's Fund and the International Committee of the Red Cross among others.

[ssba-buttons]

Radar

EthSwitch Sees Record Profit, Expands Digital Payment Reach

EthSwitch, the national switch operator, reported a record 1.4 billion Br gross profit for the fiscal year ending June 2025, a 34pc increase from last year's 1.06 billion Br. The performance was driven by a sharp rise in interoperable transactions, reflecting the country's growing embrace of digital payments. Person-to-person (P2P) transfers led revenue generation with 902.6 million Br, nearly half of total income, followed by ATM transactions contributing 825.1 million Br. Overall revenue cl...


Radar

Lion Bank Delivers Robust Results, Rewarding Shareholders

Lion International Bank S.C. posted a profit before tax of 1.8 billion Br for the last fiscal year, marking a 94pc surge from the previous year. The announcement was made during the bank's General Assembly held last week at the Sheraton Addis Hotel. After provisions and taxes, the bank registered a net profit exceeding 900 million Br, with shareholders earning 27pc per share. Deposits climbed by 23pc to 44 billion Br, up from 35.6 billion Br, while total loans and advances reached 36.2 billio...


Radar

Berhan Bank Lifts Earnings as Reforms Ease Forex Strain

Berhan Bank reported a 28.1pc growth in its latest fiscal year, buoyed by economic reforms and relaxed forex directives. The Bank's total deposits climbed to 44.5 billion Br by June 30, 2025, up 7.6 billion Br from the previous year. Net profit distributed to shareholders rose by 36pc, while total income reached 10.3 billion Br, marking a 61.4pc increase. Interest income accounted for nearly 59pc of total earnings, driven largely by the repeal of the National Bank's 70pc forex surrender rule...