FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds



Oromia Bank Posts Strong Profits, Accelerates Fintech Expansion


Oromia Bank Posts Strong Profits, Accelerates Fintech Expansion

Oromia Bank concluded the 2024/25 fiscal year with a positive performance. Profit before tax surpassed 12 billion Br, exceeding the target by 105 pc, while tax contributions rose to approximately 2.6 billion Br, up 155 pc from the previous year, reflecting disciplined financial management. For the first time, the bank successfully rebalanced its revenue and expense structure, allowing profits to grow significantly faster than costs. Customer engagement also reached new heights. The bank's customer base expanded to over 6.9 million, while more than 4.5 million users were active on the Oro Digital App as of June 30, 2025. Oromia Bank strengthened its digital offerings through collaborations with fintech partners, launching the Milkii App and the Milkii Digital Financing Platform, which now support over 80,000 borrowers. These initiatives have not only broadened financial inclusion but also boosted revenue through innovative digital solutions.

[ssba-buttons]

Radar

Creditors Open Way for Ethiopia's Eurobond Restructuring

Ethiopia has cleared a key hurdle in restructuring its one billion dollar Eurobond after the Official Creditor Committee (OCC) approved the latest agreement with private bondholders. The OCC said the deal meets its “comparability of treatment” principle, allowing the government to proceed with restructuring the bond, which matured in 2024. The approval follows renewed negotiations after official creditors rejected an earlier agreement reached in January. Under the new agreement, reache...


Radar

University Cutoff Leaves Most Exam Takers Behind

Only 70,544 students, or 12.8pc of those who sat the Ethiopian Secondary School Leaving Certificate Examination (ESSLCE), scored above the 50pc threshold required for university admission. Education Minister Berhanu Nega (Prof.) disclosed the results during a press briefing last Saturday. Nearly 32pc of the successful candidates were from Addis Abeba, giving the city the highest share. Oromia Regional State followed, while Amhara Regional State accounted for the remaining share. The res...


Radar

Dairy Drive Turns to Farmers to Cut Import Reliance

A five-year dairy project targeting 350,000 farmers has increased average milk production per cow by 3.8 litres a day, supporting Ethiopia's effort to replace imported dairy products with domestic output. The Ministry of Agriculture leads the initiative in collaboration with SNV's BRIDGE Plus project. It combines cow-focused advisory services, technology, market links and farmer capacity-building to raise dairy productivity. The work has centred on helping farmers produce surplus milk for sal...