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Ahadu Lifts Profit, Deposits While Capital Gap Persists


Ahadu Lifts Profit, Deposits While Capital Gap Persists

Ahadu Bank has raised its paid-up capital to 1.13 billion Br, up from one billion Br last year, though it remains far short of the five-billion-birr threshold the National Bank of Ethiopia (NBE) has set for merger eligibility next year. Total capital now stands at 1.5 billion Br. The Bank expanded lending to 2.6 billion Br during the fiscal year, pushing its aggregate loan portfolio to 4.43 billion Br. Management reported firm results across core indicators in a difficult operating climate. Deposits climbed to 7.88 billion Br, a 41pc jump from the previous year. Foreign exchange earnings reached 88.2 million dollars, rising by 10.3pc from the same period. Total income surpassed 2.16 billion Br, buoyed by strong non-interest revenue, particularly from foreign-currency transactions, which soared by 87pc year-on-year. Total assets crossed 10.1 billion Br, marking 57pc growth. Profit before tax hit 502 million Br, a 351pc surge compared to the 2023/24 fiscal year. The Bank added 390,000 customers during the year, lifting its total client base to more than one million across 102 branches as of 2025.

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Addis Ababa Enterprises Tap 3.8b Br in Loans

More than 16,000 enterprises benefited from market linkages worth over 20 billion Br generated by Addis Abeba's Enterprise & Technology Development sector during the 2026-2027 fiscal year. Financing support reached nearly 8,000 enterprises, which accessed more than 3.8 billion Br in loans. Enterprises also generated six billion Birr in savings. More than 14,000 enterprises received industrial extension and technology support. The sector replicated and transferred 241 of the 295 problem...


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Zambia Airways Taps Aman Wole for Growth Drive

Zambia Airways has appointed Aman Wole Gurmu as Chief Executive Officer (CEO), bringing in an Ethiopian Airlines executive with more than 19 years of experience in airline leadership, commercial strategy, sales, market development and strategic partnerships. Aman held several senior positions at Ethiopian Airlines, including Regional Director for Mainland China and Mongolia, Regional Director for France and the Maghreb, Area Manager for Zambia and Director of Sales in Addis Abeba. The Zamb...


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Grade 11 Takes On 11 Vocational Programs

Grade 11 students will begin work- and practice-based vocational training in the 2026/27 academic year under a new initiative covering 11 fields. The programmes span building electrical installation, plumbing, metal technology, automotive technology, garment technology, hotel services, hair and beauty services, food preparation, software development, crop production and healthcare services. They are designed to provide practical skills and knowledge relevant to employment and career opportuni...