Capital Gears to Host Antimicrobials Summit


[ssba-buttons]

Officials, healthcare experts and academicians from 12 African countries will gather in Addis Abeba this week to address the silent pandemic of Antimicrobial Resistance (AMR) which has become a public health concern. The two-day regional summit organized by the World Health Organization (WHO) aims to review the responsible and appropriate use of Antimicrobials and encourage partnership and resource mobilisation of the health system. Sub-Saharan Africa has seen the highest burden of AMR-related deaths with a significant impact on the economy where close to 1.27 million deaths were attributed to it while 4.95 million deaths were recorded to its associated factors. The meeting is scheduled to discuss common concerns and explore methods to strengthen antimicrobial-related governance and management where a joint information-sharing platform for its implementation is expected to be developed.


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...