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




Berhan Bank Unveils New Logo

Dec 7 , 2019


[ssba-buttons]

Berhan Bank announced the change of its logo as part of its rebranding endeavours at its ten-year celebration event. The Bank has allocated a budget of close to eight million Br, which was contracted to Digital Impression Marketing & Advertising Agency. The design of the new logo and the printing work was proposed to the Bank by the Agency. Digital Impression worked with Dashen, Enat and Zemen banks. The design and other work for the rebranding took around a year and six months to finalize. The Bank has spent close to 600,000 Br for another advertisement company, Berry Advertising Agency, who won the bid to launch the campaign for the rebranding. Established with a paid capital of 154.7 million Br in 2009, Berhan's paid-up capital has reached 1.7 billion Br with deposits climbing to 10.8 billion Br in the last fiscal year. Abraham Alaro, president of the Bank, Gumachew Kussie, board chairperson of the Bank, and Daniel Kitaw (Prof), the first chairperson, were among those who attended the Bank's ten-year celebration.


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...