Italy Contributes to Health Efforts

Apr 24 , 2021


[ssba-buttons]

Italy has approved an emergency aid of 625,000 euros (around 31.5 million Br) to support health services provision in Tigray Regional State, where equipment in over half of the region's 205 health facilities is fully damaged or non-functional, according to an assessment by UNICEF. The Italian government has approved the funding for use by the International Committee of the Red Cross (ICRC) to provide healthcare amidst the ongoing conflict in the northern region, a statement issued by the Italian Embassy disclosed. The Italian Development Cooperation and the Italian Red Cross delivered eight tonnes of medical equipment and medicine to Tigray through a humanitarian cargo flight that landed in Meqelle earlier this month. The latest intervention complements the humanitarian flight that transported medical items to Tigray last week, the statement said.


Radar

EthSwitch Sees Record Profit, Expands Digital Payment Reach

EthSwitch, the national switch operator, reported a record 1.4 billion Br gross profit for the fiscal year ending June 2025, a 34pc increase from last year's 1.06 billion Br. The performance was driven by a sharp rise in interoperable transactions, reflecting the country's growing embrace of digital payments. Person-to-person (P2P) transfers led revenue generation with 902.6 million Br, nearly half of total income, followed by ATM transactions contributing 825.1 million Br. Overall revenue cl...


Radar

Lion Bank Delivers Robust Results, Rewarding Shareholders

Lion International Bank S.C. posted a profit before tax of 1.8 billion Br for the last fiscal year, marking a 94pc surge from the previous year. The announcement was made during the bank's General Assembly held last week at the Sheraton Addis Hotel. After provisions and taxes, the bank registered a net profit exceeding 900 million Br, with shareholders earning 27pc per share. Deposits climbed by 23pc to 44 billion Br, up from 35.6 billion Br, while total loans and advances reached 36.2 billio...


Radar

Berhan Bank Lifts Earnings as Reforms Ease Forex Strain

Berhan Bank reported a 28.1pc growth in its latest fiscal year, buoyed by economic reforms and relaxed forex directives. The Bank's total deposits climbed to 44.5 billion Br by June 30, 2025, up 7.6 billion Br from the previous year. Net profit distributed to shareholders rose by 36pc, while total income reached 10.3 billion Br, marking a 61.4pc increase. Interest income accounted for nearly 59pc of total earnings, driven largely by the repeal of the National Bank's 70pc forex surrender rule...