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Radar

Dec 22 , 2024

Hijra Bank Rides 331pc Profit Growth, Braces for Innovation

Hijra Bank has netted 100 million Br in the ended year, marking a 331pc year-over-year increase. The Bank's total assets grew by 32pc to 8.18 billion Br, and paid-up capital rose by 17pc to 1.5 billio...

Dec 22 , 2024

Central Bank Gains More Autonomy, Targets Five Foreign Banks in Five Years

Parliament approved a new proclamation strengthening the National Bank of Ethiopia's (NBE) autonomy, granting it independence over monetary policy and foreign exchange management. The proclamation...

Dec 22 , 2024

Ahadu Bank President Steps Down

Ahadu Bank President Sefialem Liben resigned last week, with the Bank's board accepting his resignation on December 14. Sisay Gebru, who was the chief corporate service officer, has been appointed as...

Dec 15 , 2024

Ethiopian Airlines Fined $425,000 for Non-compliance

The United States Department of Transportation (DOT) has imposed significant fines on Ethiopian Airlines and Etihad Airways, totaling 425,000 dollars and 400,000 dollars, respectively. Ethiopian Airli...

Dec 15 , 2024

Enat Holds Steady as Revenue, Expense Soar

Enat Bank held its 11th Annual General Meeting of Shareholders last week at the Millennium Hall on Africa Avenue, where it announced a profit after tax of 555.2 million Br, exhibiting an incremental ...

Dec 15 , 2024

Addis Surges, Minimum Threshold Out of Reach

Addis International Bank reported an 85pc growth in net profit to come in at 413.87 million Br. The bank's total assets as of the 2023/2024 fiscal year were 15.4 billion Br, representing a 22.2pc rise...

Dec 15 , 2024

Siinqee Dips into Capital Market Pond

Siinqee Bank's shareholders voted to establish an investment bank as part of a wider plan to venture into the capital market ecosystem. Last week, at Skylight Hotel on Africa Avenue, founding presiden...

Dec 15 , 2024

New President, Rocketing Profits for Amhara Bank

Amhara Bank announced a net profit of 550.2 million Br in the fiscal year ending June 30, 2024, a substantial increase of 696 million Br compared to the previous year. Board Chairperson Gashaw Debebe...

Dec 15 , 2024

Cotton Sector Gets a Platform, Hopes to Bloom

The National Cotton Stakeholder Platform was officially launched last week at Best Western Hotel seeking to foster better governance, regional collaboration and inclusive growth in the industry. Stake...

Dec 8 , 2024

Nib Bank, Mastercard Avail Pre-Paid International Card

Nib bank has joined forces with the US-based technology giant Mastercard to unveil a virtual pre-paid payment card. Dubbed "Nib Mastercard," the digital offering responds to the growing demand for fl...

Dec 8 , 2024

Land-Based Network to Bypass Red Sea Risks

Ethio telecom, Djibouti Telecom, and Sudatel Telecom have joined forces to launch the Horizon Fiber Initiative, a groundbreaking project that aims to establish a terrestrial fiber-optic network connec...

Dec 8 , 2024

Emerging Fintech Captures Turnaround Profit

SantimPay Financial Solution announced a net profit of 57.3 million Br in its second year of operation, a significant turnaround from a loss of 7.1 million Br the year prior. The digital payment syste...

Dec 8 , 2024

Siket Bank Doubles Profit, Attains Regulators Threshold

Siket Bank announced impressive financial results, with a net profit of 1.54 billion Br, representing a 50pc surge from the preceding year. The bank's paid-up capital witnessed a 25pc increase, reachi...

Dec 8 , 2024

Lion Thrives Through Challenges, More Than Doubles Profit

Total comprehensive profit reached 754.7 million Br, a 63pc growth from the previous year for Lion International Bank. The 18-year-old bank held its general assembly last week at the Skylight Hotel on...

Dec 8 , 2024

Parks Gain SEZ Status Set for Tax Breaks, Incentives

Ten of the 13 industrial parks managed by the Industrial Parks Development Corporation (IPDC) have been officially designated as Special Economic Zones (SEZs) by the Ethiopian Investment Commission. T...

Dec 8 , 2024

Parliament Passes Sweeping Real Estate Law to Regulate Distressed Property Market

Federal legislators have passed a landmark real estate law imposing strict regulations on property valuations and market practices, pledging to protect buyers and bring clarity to the otherwise distre...

Columns

Commentaries | Sep 13,2025

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