FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers New TRADE AFRICA New

Fortune Logo

News analysis

  1. Home
  2. News analysis

Jun 15 , 2024

Stellar Year for Nile Insurance with Its Assets Booming

Nile Insurance's financial year concluded on a high note, posting an impressive performance, with premium collections exceeding industry averages and delivering substantial returns to its shareholders...

Jun 8 , 2024

Global Insurance's Pioneering Sharia-Compliant Bet Pays Off

Global Insurance has demonstrated commendable growth, attributed to a strategic shift towards underserved markets in the financial year 2023/24. The company's venture into Takaful offerings — an ins...

Jun 1 , 2024

Insecurity Undermines Growth as Africa Seeks to Face Global Credit Bias

The African Development Bank (AfDB) President revealed his greatest concern about proliferating insecurity across Africa. His candid admission came amidst discussions of a groundbreaking proposal by K...

May 25 , 2024

Nib Insurance Breaks Billion Barriers Among Industry Titans, Despite Turbulence

Nib Insurance has carved out a space between industry giants and new entrants in the competitive insurance market. The past year marked a major chapter in its 22-year history as the company surpassed...

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...


Most read

Columns

Commentaries | Sep 13,2025

Global Trade Is Winning Trump's War On It

Life Matters | Sep 13,2025

Once a Song, Now a Powerhouse, The GERD Arrives

My Opinion | Sep 13,2025

A Generation Faces the Collapse of Certainty

Sunday with Eden | Sep 13,2025

The Horizon Ahead

Agenda | Sep 13,2025

Student Tax ID Push Triggers Logjam

Editorial | Sep 13,2025

In Climate Talks, Africa Mortgages Tomorrow Simply to Survive Today


         ADVERTISEMENT

Read More

In Climate Talks, Africa Mortgages Tomorrow Simply to Survive Today

At its launch in Nairobi two years ago, the Africa Climate Summit was billed as the forum...

Editorial | Sep 13 , 2025

Digital Payments Reshape Economy While Service Workers Lose Out

The way the Birr moves is changing, and with it, habits that have shaped daily life for ge...

Featured | Sep 14 , 2025 . By NAHOM AYELE

Student Tax ID Push Triggers Logjam

The yellow flush of Aday Abeba flowers has returned to Addis Abeba, heralding the arrival...

Agenda | Sep 13 , 2025 . By NAHOM AYELE and YITBAREK GETACHEW

Monument to National Ambition, Geopolitical Agency

The Grand Ethiopian Renaissance Dam (GERD), Africa's largest hydroelectric power project,...

Fortune News | Sep 15 , 2025 . By AMANUEL BEKELE