Ahadu Bank Enter the Digital Financing Market


Ahadu Bank Enter the Digital Financing Market

Ahadu Bank partners with financial technology service providers to develop digital payment gateways. The Bank sealed a partnership agreement with Chapa and Trusted Tech financial technology companies last week at the Inter-luxury Hotel on Guinea Conakry Street. Sefialem Liben, president of Ahadu, said working with fintech companies is instrumental considering the growing demand for swift and convenient financial services. Ahadu Bank joined the financial sector in July 2022 with 671 million Br capital from its 10,000 shareholders. Since then, it has managed to open 60 branches and renders service to 142,000 customers with an aggregate deposit of 1.2 billion Br.


Radar

E-Consultation Portal Launched to Boost Stakeholder Engagement

An e-consultation manual and portal designed to enhance stakeholder engagement in the drafting of laws before their final ratification stage was launched last week. Developed by the Business Environment & Investment Climate (BEIC) project team, the platform operates under the oversight of the Justice and Technology ministries. It aims to improve transparency, efficiency, awareness, and effectiveness throughout the law formulation and enactment process. According to Belayhun Yirga, stat...


Radar

Trade Ministry Changes Guard

Prime Minister Abiy Ahmed (PhD) made a series of appointments last week, assigning Kassahun Goffe (PhD) as the new Minister of Trade & Regional Integration. Kassahun, who previously served as the State Minister, succeeds Gebremeskel Chala, who navigated the country through various trade reforms. The appointment comes amidst an export slump, as Ethiopia has faced major economic and political headwinds over the past few years. The Ministry reported a shortfall of 863 million dollars from it...


Radar

Ahadu Bank Savours First Taste of Profits

Ahadu Bank registered a 175 million Br gross profits in the ended year, turning around its financial performance. The two-year-old Bank established with 503 million Br in paid-up capital mobilised from 9,600 shareholders has also managed to double the figure to 1.03 billion Br. Ahadu's total assets have also nearly doubled to 6.3 billion Br, while its operating income soared to 1.15 billion Br from financial services for nearly 700,000 customers. It also expanded its branch reach across the c...


Back
WhatsApp
Telegram
Email