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




Ethiopian Deposit Insurance Fund Achieves Full Q1 Collection Target

Oct 12 , 2025


[ssba-buttons]

The Ethiopian Deposit Insurance Fund collected 2.08 billion Br in the first quarter of 2025. This meets 100 percent of the target and represents a 26.83 percent increase compared with the same period last year. The rise in premiums was attributed to higher deposits from member financial institutions. To date, the fund has collected a total of 15.93 billion Br in premiums from member institutions, with 14.51 billion Br coming from regular deposits and 1.42 billion Br from interest-free deposits. In terms of contributions, 7.97 billion Br was collected from private banks, 7.74 billion Br from the Commercial Bank of Ethiopia(CBE), and 186.62 million Br from microfinance institutions. The total investment of the fund currently stands at 1.85 billion Br.


Radar

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...


Radar

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...


Radar

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...