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News analysis

May 18 , 2024

Nyala Insurance Thrives Despite a Storm of Claims, Regulations

In a year marked by remarkable growth, Nyala Insurance surged ahead, buoyed by impressive gains in investment income and life insurance. While navigating fierce industry competition and regulatory con...

May 4 , 2024

Diverse Investments Pay Off for United Insurance Outpacing Rivals with Stellar Profit Jump

United Insurance has emerged as a powerhouse in the private insurance industry, boasting a notable surge in net profits, making it second only to Awash Insurance. The robust financial performance was...

Apr 20 , 2024

Awash Insurance Dominates with Profit Surge, Even as the Economic Tide Turns

Awash Insurance consolidated its lead in the private insurance sector last year, registering vigorous profit growth that eclipsed its competitors — United Insurance, Nyala, and Oromia. Despite a cha...

Apr 13 , 2024

Confronted by Early Losses, Ahadu Bank Charges Ahead with Aggressive Growth, Digital Focus

In a period marked by industry expansion and ambitious regulation in the financial sector, Ahadu Bank, among the industry's latest entrants, has embarked on a course characterised by transformative po...

Mar 23 , 2024

CAUGHT IN THE MAELSTROM:Businesses Swept Away by Surging Costs

Three weeks ago, Mintesinot Lemma, the general manager of Mintu Plast Plastic Raw Materials Production Plc, imported 22 shipping containers of plastic raw materials from Oman. What should have been a...

Mar 23 , 2024

Hijra Bank's Leap of Faith Pays Off

Hijra Bank has overcome its founding year losses, marking a notable turnaround in the nascent interest-free banking industry. The Bank reported a net profit of 27.8 million Br in its 2022/23 operation...

Mar 16 , 2024

Addis Bank's High Hopes, Low Forex, and the Elusive Quest for Lofty Profit

Despite notable gains in loan interest and investment returns, Addis International (Addis Bank) executives have struggled with a substantial reduction in foreign exchange income, which cast a long sha...

Mar 9 , 2024

Bunna Bank Jogs Past Some, Stumbling Over Shareholder Returns

In its latest fiscal year performance, Bunna Bank joined a hoard of competitors in posting a rise in net profits, positioning it as a noteworthy contender within the banking industry. However, its fin...

Mar 9 , 2024

Ethiopia's Power Play: A Lucrative Deal or Risky Gamble on Crypto Mining?

Ethiopia is venturing into plans to sale power to over two dozen data mining companies. This move has ignited a discussion between key industry players and keen observers on the potential benefits a...

Mar 2 , 2024

Enat Bank's Modest Size Among Titans Searching for Its Sling

Enat Bank has not only held its ground but has also surged ahead, marking a notable achievement in its performance over the 2022/23 operating year. In an industry where competition is fierce, and ever...

Rebranded Global Bank Ethiopia Doubles Profit in Liquidity Tussles

In a move that marks a year of transformation, Global Bank Ethiopia, formerly known as Debub Global Bank, has embarked on an ambitious course to redefine its corporate identity and boost its market pr...

Feb 17 , 2024

Lion Bank Roars Back from the Shadow

Lion Bank has emerged from a period of turbulence with a performance that commands attention in an industry where giants loom large. With an 82pc surge in net profit to 489.52 million Br, it defied th...

Feb 10 , 2024

Nib Bank Sails Through Stormy Governance, Liquidity Waters to Steer Growth

Nib International Bank (Nib Bank) has etched a place of steady growth in its operations for the fiscal year 2022/2023 despite formidable governance challenges and liquidity constraints. The Bank has d...

Feb 3 , 2024

COOP-Oromia Twirls to Profit, Steps on Shareholders' Toes

The Cooperative Bank of Oromia (COOP-Oromia) has managed to carve out a significant growth course, distinguishing itself among the banking industry's elite with a robust 26.8pc jump in net profits to...

Oromia Bank's Strategic Advance Yields Growth in Cutthroat Banking Industry

Oromia Bank has emerged as a noteworthy player in a highly competitive industry, carving out a steady growth path, as evidenced by its recent financial results. Its profit surged by 600 million Br...

Jan 19 , 2024

Wegagen Bank Capitalises on Peace, Delivers Rising Dividends to Shareholders

Wegagen Bank's road to recovery has been cemented following the restoration of peace in Tigray Regional State, where the majority of its branches operate. Its executives were able to reopen the 112 br...

Columns

Commentaries | Nov 23,2024

Construction Sector's Ambitious Skylines, Fragile Foundations Could Lead to a Costly Legacy

Life Matters | Nov 23,2024

Hunger With Ambitions to End It

My Opinion | Nov 23,2024

Blossoming Exports Caught Under Thorny Debates Over Land, Employment, Legacy

Sunday with Eden | Nov 23,2024

Beyond the Gates of Society's Neglect

Agenda | Nov 24,2024

Mercato's Taxing Transformation Tests Tax Authorities

Editorial | Nov 23,2024

During Taxing Times, Tax Hunt Tests the Limits of an Unsteady Economy

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During Taxing Times, Tax Hunt Tests the Limits of an Unsteady Economy

The fiscal puzzle deepens as the Council of Ministers approved a supplementary budget of ...

Editorial | Nov 23 , 2024

Independent Forex Bureaus Offer Valued Choice

Waktole Abdulahi, a long-time resident of Norway, was relieved when he was able to secure...

Featured | Nov 16 , 2024 . By KALKIDAN NEGASH

Mercato's Taxing Transformation Tests Tax Authorities

Business owners in Mercato, the largest open market, were left stunned by a sudden gridloc...

Agenda | Nov 24 , 2024 . By AKSAH ITALO

TAXING TIMES AT MERCATO

Business owners in Mercato were reeling from a crackdown on tax compliance that has disrup...

Fortune News | Nov 24 , 2024

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