Abay Bank Unveils New Brand


Abay Bank Unveils New Brand

Marking a significant milestone in its 14-year journey, Abay Bank recently unveiled a fresh brand identity with seven million Birr. Drawing inspiration from the Blue Nile River Falls, executives said the deep blue signifies stability and trustworthiness, while golden brown represents growth and resilience. A touch of blue capital lettering adds a subtle nod to innovation. During the launch ceremony held at the Hyatt Regency, CEO Yehuala Gesesse proudly articulated the brand's deeper meaning, celebrating the Bank's financial achievements over the years. Abay Bank netted a 1.55 billion Br profit in the last fiscal year and a strategic increase in paid-up capital by 19.1pc, standing at 4.73 billion Br. The event also featured remarks by Freezer Ayalew, National Bank's supervision director, who highlighted the critical role of innovation in the evolving financial landscape.


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Dashen Bank Rolls Out Mobile Payment Solution

Dashen Bank has introduced a new digital payment service that allows customers to pay for fuel with ease using the Dashen Super mobile app. The service was officially launched on May 13 and is now available at every fuel stations. According to the bank, the Dashen Super app enables users to make payments in just three clicks, offering a fast and convenient alternative to traditional payment methods. Dashen Bank announced that it plans to expand the service across all fuel stations in the coun...


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Four Key Agreements Passed in Parliaments 29th Regular Session

In its 29th regular session of the fourth year, Ethiopia's 6th Parliament approved four key agreements: two loan deals, the establishment of a finance corporation, and an air transport agreement. Assistant Minister of State for Finance, Meseret Haile, introduced the proposed loan agreements and requested they be sent directly to a second reading for discussion and approval. Parliament accepted the request and proceeded with a detailed discussion on the draft proclamations. Members of Parli...


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New Pact Targets Rural Road Links, Food Security Goals

The Ministry of Urban Development and Infrastructure has signed an agreement with several federal institutions to launch a major project targeting rural connectivity and food security. At the signing ceremony, State Minister Yetmegeta Asrat represented the Ministry alongside officials from the Federal Ethics and Anti-Corruption Commission, the Federal Public Procurement and Property Authority, the Environmental Protection Authority, and Helvetas Ethiopia. A separate agreement was also signed...