FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers New TRADE AFRICA New

Fortune Logo


Nov 4 , 2025

Capital Authority Issues License to Proinvest

The Ethiopian Capital Market Authority (ECMA) has iasued a capital market service provider (CMSP) license to ProInvest Capital plc, authorising the firm to operate under the securities investment advisor category. Issued on Monday, November 3, 2025, the latest license marks another milestone in t...

Nov 4 , 2025

Sidama Bank Launches Digital Banking Platform with Self-Opening Accounts

Sidama Bank has introduced a new digital banking application today at Skylight Hotel, on Africa Avenue, featuring remote account opening, digital payments, check requests, and access to term deposit services. The system will add manual scan of ID of the user and information on key performance index to open accounts remotely. Activation of the accounts can also be done digitally. According to the Ban, the platform allows customers to open accounts without visiting a branch. Additional features include requesting checks and managing term deposits through the application. Sidama Bank cur...


Oct 31 , 2025

Non-bank Affiliated First Investment Firm Launches

First Addis Investment Bank (FAB), a non-bank affiliated firm, has launched its services yesterday, October 30, 2025, at the Sheraton Addis Hotel. Incorporated with a capital of 28 million Br and 11 shareholders, the firm has appointed Michael Addis as its founding CEO. He is a partner at First Consult Plc, a company founded by Ahmed Kellow, and his son, Nebil, in 2006, and widely recognised as one of the country's leading firms in economic development consulting. First Consult has a specialisation in sectors such as agriculture, manufacturing, services, and finance, with a focus on job cre...


Oct 28 , 2025

Berhan Bank Posts Sharp Earnings Surge Despite Regulatory Shifts

Berhan Bank posted a notable upswing in profitability, registering a gross profit of 2.5 billion Br for the fiscal year ended June 2025, an increase of one billion Birr from the previous year. Shareholders convened at the Millennium Hall, on Africa Avenue (Bole Road) on October 28, 2025, where they were delighted with the news of a robust 54.7pc return on equity, up 36pc year-on-year. The Bank's President, Ermiyas Tefera, acknowledged the year's regulatory volatility, particularly surrounding foreign exchange policies. “There is a bold challenge that isn't an opportunity for all ban...

News Alert

Oct 28 , 2025

"No One Can Steal Our Dream’" Abiy Channels Parable, Defiance in Parliament

Prime Minister Abiy Ahmed (PhD) delivered an impassioned address to Parliament today, casting himself as a visionary leader beset by skeptics, and vowing that no one, internal or external would "steal...

Oct 28 , 2025

Abiy Cautions on “Fragile Progress” as Mega-Projects Face Hurdles

Prime Minister Abiy Ahmed (PhD) delivered a sobering message to a federal lawmaker from the Benshangul-Gumuz Regional State, cautioning that the country's ambitious drive to develop infrastructure rem...

Oct 28 , 2025

Abiy Plays Down Debt Woes, Says Ethiopia Faces ‘No Difficulty’ Servicing External Debt Burden

Prime Minister Abiy has sought to calm mounting concerns over Ethiopia's external debt, insisting the country faces “no difficulty” meeting its obligations despite a heavy 23 billion dollars load...

Oct 24 , 2025

Banks Ordered to Expose Business Use of Personal Accounts as Central Bank Gets Tough

A Central Bank directive, delivered to all the commercial banks today, ordered them to collect and submit information on account holders suspected of conducting commercial activities through personal...

Oct 16 , 2025

Ethio telecom Aspires to Transform Office Experience

Adopting a new strategy based on cloud services for digital inclusion, connectivity and affordable cost, Ethio telecom has launched a whole set of smart devices branded Znexus, marking its entry into...

Oct 16 , 2025

Ethio telecom Unveils znexus

Ethio Telecom has launched a comprehensive suite of products and services at the Sheraton Addis today, which is referred to as "znexus". This package includes a storage device, laptop and tablet. The...

Oct 14 , 2025

PM Abiy Appoints Chief of Staff First Nuclear Energy Commissioner

Sandokan Debebe, a chief of staff to the Prime Minister, has been appointed as commissioner of the Ethiopian Nuclear Energy Commission. A doctoral candidate at Addis Abeba University, Sandokan holds...

Oct 14 , 2025

New Guard at the Helm as Former Advisor Ascends to State Minister for Finance

The Ministry of Finance has got a new State Minister, officially appointed two weeks ago, following the elevation of Eyob Tekalign (PhD), to the governorship of the National Bank of Ethiopia (NBE). ...


Most read

Columns

Commentaries | Nov 01,2025

How Trump Could Win Over the Developing World

Life Matters | Nov 01,2025

The Subtle Tyranny of 'I Know What's Best'

My Opinion | Nov 01,2025

How Social Protection Can Accelerate Climate Action

Sunday with Eden | Nov 01,2025

A City of Two Worlds

Agenda | Nov 02,2025

Central Bank Lifts Lending Limits on Sharia-compliant Banks

Editorial | Nov 01,2025

Central Bank Misses the Mark on Forex Market Speculation


         ADVERTISEMENT

Read More

Central Bank Misses the Mark on Forex Market Speculation

The National Bank of Ethiopia (NBE) issued a statement two weeks ago that appeared to be a...

Editorial | Nov 1 , 2025

They Melt Batteries to Make a Living, Inhale Poison Without Knowing

On a sun-dappled stretch of Swaziland St., near St. Paul Hospital, north of Addis Abeba, w...

Featured | Nov 2 , 2025 . By REDIET YARED

Central Bank Lifts Lending Limits on Sharia-compliant Banks

The National Bank of Ethiopia (NBE) has reversed a policy that had weighed on the four ful...

Agenda | Nov 2 , 2025 . By NAHOM AYELE

SHARIA-COMPLIANT BANKS WIN REPRIEVE, AWAIT REFORM

The National Bank of Ethiopia (NBE) has scrapped the credit-growth ceiling that had stifle...

Fortune News | Nov 2 , 2025