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ZamZam Bank Blazes Past 1B Br Profit, Sets Sights on Africa Lead

Jul 27 , 2025

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ZamZam Bank wrapped up its 2024/25 performance review with a headline-grabbing 764pc leap in pre-tax profits, reaching 1.3 billion Br. Total revenues topped 2.2 billion Br, while earnings per share climbed by 43pc. Assets grew to 16.6 billion Br, backed by a deposit base that hit 12 billion Br. The fully Sharia-compliant bank is also making strides internationally, securing 64.4 million dollars in foreign currency and pushing its branch count past 100. Its digital microfinance arm, Ansar Digital Financing, channelled over 115 million Br to women-led MSMEs. Board Chairperson Nasir Dino (PhD) reiterated ZamZam’s long-game target, becoming Africa’s top Sharia-compliant bank by 2030. High-performing staff, districts, and branches walked away with awards and bonuses, in a show of appreciation that

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Hijra Bank Backs Young Innovators with Awards, Loans

Hijra Bank has awarded five young Ethiopian innovators in the final round of its “Sirara” Creative Spark Awards, selected from over 27,000 applicants. The programme targets practical innovations in agriculture, sustainability, and appropriate technology. Top winner Milkias Ahmed (PhD) received a 300,000 Br prize and a 3 million Br interest-free loan for developing an organic soil conditioner from animal bones. Second and third prizes went to Yusuf Ali and Muhammad Juhar for a crop-harvest...

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Bright Vision Centre Rolls Out First Refractive Eye Surgery Service

Bright Vision Special Eye Care Center, based in the Bira Building near Wollo Sefer, has become the first facility in Ethiopia to offer refractive eye surgery. The service was made possible through support from the London Vision Clinic, which provided specialised equipment and professional training. The quick procedure, completed in under 10 minutes, treats common vision impairments such as nearsightedness and farsightedness. Previously unavailable in the country, access to this type of treatm...

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Fertiliser Shipments Gain Momentum Ahead of Planting Season

Over 15.2 million quintals of fertiliser have entered Ethiopia through the Djibouti corridor as of July 20, 2025, according to the Ethiopian Maritime Authority(EMA). The shipments form part of the 24 million quintals earmarked for the 2025/26 production year. Of the total delivered, 12.8 million quintals arrived by dry freight trucks crossing land borders, while 2.4 million quintals were transported via the Ethio-Djibouti Railway. Another 50,777tn of soil fertiliser remains stationed at port...

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