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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...

Zemen Bank Redefines Success in Banking Giants' League

Zemen Bank, a relatively modest player in the banking industry, has recently demonstrated an ability to punch above its weight in profitability and asset management, outperforming several of its large...

Dec 23 , 2023

Hibret Bank Turns Silver Jubilee into Golden Returns

Hibret Bank marked its silver jubilee with an impressive financial feat, posting an outstanding 111pc surge in net profits, reaching 2.3 billion Br, traversing economic adversities such as soaring inf...

Dec 16 , 2023

Berhan Bank's Bittersweet Balance

Berhan Bank is steering an increasingly competitive banking landscape marked by modest profitability despite a solid asset size and an equity base. Its fiscal year 2022/23 performance revealed only a...

Dec 9 , 2023

Awash Bank Propels to New Heights Despite Economic Headwinds

Awash International Bank (AIB) has continued to consolidate its position as a formidable force, setting a new benchmark for its peers in the banking industry. Its performance cements Awash Bank's posi...

Dec 2 , 2023

Abyssinia Bank Bucks Economic Headwinds with Profit Surge

The Bank of Abyssinia's strategic focus on interest income has yielded notable results in the fiscal year 2022/23, placing it in a robust position, second only to Awash International Bank in profitabi...

Nov 25 , 2023

Abay Bank Leaps in Profit Defying Liquidity Hurdles

Abay Bank has reported a substantial surge in net profits, reaching an impressive 1.55 billion Br for the fiscal year 2022/23. This significant growth course stands out in an industry often dominated...

Nov 11 , 2023

ZamZam Bank Charts Historic Turnaround in Islamic Finance

ZamZam Bank S.C., the pioneering Islamic financial institution, has charted a course from turbulent financial waters to profitability, marking a significant turnaround in its operations. Revealed duri...

Jul 1 , 2023

Hijra Bank Navigates Early Turbulence in Budding Financial Frontier

The nascent Islamic banking sector is facing a steep uphill climb as its newest entrants grapple with substantial first-year operating losses. Among these, Hijra Bank, one of the country's first fully...

Jun 24 , 2023

ZamZam Eyes Potent Resilience, Growth in Untapped Market Defying Initial Losses

In Ethiopia's nascent and somewhat turbulent Islamic banking industry, a narrative of daring ambition, loss and potential resilience unfolds. ZamZam Bank, Ethiopia's first full-service Islamic bank...

May 6 , 2023

Abay Insurance Flourishes Amidst Currency Woes, Rising Costs

Abay Insurance's upswing in profit and impressive earnings per share (EPS) growth last year was marked by foreign currency shortages, rising costs and violent conflicts affecting the industry. The com...

Apr 22 , 2023

Addis Bank Leaps Forward in Assets and Deposits, Yet Grapples with Profitability and Digital Adoptation

Addis International Bank (AdIB) has demonstrated considerable growth in assets, high-interest margins, and deposit growth during its operation in the fiscal year 2021/22. However, it lagged behind its...

Mar 4 , 2023

Inflation, Tax Woes Plague Breweries, Price Hike Brewing

Local breweries have increased wholesale beer prices for the third time in three years as galloping inflation and a global economy in recession take their toll. The price of a crate has shown a 10p...

Fed Seals Costly Fertiliser Deal, Demand Remains Unmet

An Abu Dhabi-based firm has agreed to supply half a million tonnes of urea to Ethiopia following months of negotiations between federal authorities and executives of FertiGlobe. It was a delicate p...


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Addis Abeba's Gleaming Facade Masks a Parched Metropolis


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Addis Abeba's Gleaming Facade Masks a Parched Metropolis

The main avenues and thoroughfares of Addis Abeba have undergone an impressive facelift th...

Editorial | Dec 21 , 2024

E-bikes' Flat Tyre Seeks Authorities' Goodwill

For Netey Tesfaye, an electric bike offered a chance at a decent living, delivering goods...

Featured | Dec 15 , 2024 . By KALKIDAN NEGASH

Fuel Supply Halts as Parallel Market, EV Push Leave Regions, Investors in the Lurch

Africa Oil Plc has five of its stations denied fuel supply by the Ethiopian Petroleum Supp...

Agenda | Dec 22 , 2024 . By AKSAH ITALO

Banks Scramble to Reopen After Harer City Shuts Over Forty Branches

The Harer city administration has shut down 43 bank branches, including those of Commercia...

Fortune News | Dec 22 , 2024 . By AKSAH ITALO