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



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.

[ssba-buttons]

Radar

Annual U.S.–Ethiopia Real Estate Expo to Debut in July

Harvest Circle Inc., a U.S.-based organisation, will launch the first annual U.S.-Ethiopia Real Estate & Construction Expo in July 2026. The event will bring together Ethiopian and U.S. real estate developers, construction firms, banks, insurers, property managers, and investors to explore partnership, financing, and investment opportunities. Organisers say the platform seeks to promote private sector-led urban development, facilitate diaspora investment, and expand market access for Ethiop...


Radar

Addis Abeba Housing Bureau Warns Landlords against Illegal Rent Hikes, Threatens Legal Action

The Addis Abeba Housing Development and Administration Bureau has issued a warning to landlords attempting to impose unauthorised rent increases or carry out unlawful evictions as the residential leasing cycle nears its statutory June 30 deadline. The warning follows reports of landlords pressuring tenants to vacate properties under claims of personal use or sale, alongside demands for steep rent hikes, according to comments made to state media. Kidist W. Giorgis, Head of the Bureau, said...


Radar

Development Bank Turns Corner as Profit Hits Eight Billion Br

The Development Bank of Ethiopia (DBE) posted a gross profit of eight billion Br in the first nine months of the fiscal year while repaying 15.6 billion Br in outstanding debt. Total income reached 17.3 billion Br, exceeding its target by 12pc. Presenting its performance to the House of Peoples' Representatives Standing Committee for Government Development Organizations, the bank highlighted progress from ongoing reforms, including reducing its non-performing loan ratio to 13.4pc, below the Nati...