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Radar

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...

Dec 8 , 2024

Wealth Fund Shakes Up State Asset

Ethiopia's sovereign wealth fund has expanded its portfolio, incorporating a number of state-owned enterprises, bringing together 40 companies. Under the Ethiopian Investment Holdings' (EIH) manage...

Dec 1 , 2024

Customs Commission Sets Another Franco Valuta Deadline

The Ethiopian Customs Commission has given importers who used the franco valuta system up to December 26 to finalize the import of their goods. This pertains only to importers who purchased the mercha...

Dec 1 , 2024

National ID Strides Further to Mandatory Field

The National Bank of Ethiopia issued a notice to all banks mandating the use of the National ID for new bank account openings starting January 1, 2025, for branches in Addis Abeba while the same will...

Dec 1 , 2024

Hibret Climbs Further Profit Heights

Hibret Bank posted a surge in net profits to reach 2.3 billion Br, traversing economic adversities. The Bank grew its revenues to 13.23 billion Br—an increase of 28.1pc from the previous year. Total...

Dec 1 , 2024

IMF Nears Approval of $251m Loan to Ethiopia

The International Monetary Fund (IMF) is close to approving a 251-million-dollar loan to Ethiopia, applauding "progress in the economic reforms," which saw the exchange rate shift toward a market-dete...

Dec 1 , 2024

Nib Faces Liquidity Storm, Weak Governance

Nib International Bank registered a net profit of 957.9 million Br in the year, declining by 549 million Br and 36pc from the previous year. However, the Bank made a comeback in paid-up capital regist...

Dec 1 , 2024

Central Bank Notes Rising Risks in Banking Sector

The National Bank of Ethiopia (NBE) released its second financial report last week, noting rising risks in the banking sector stemming from local and external factors. The report assessed the banking...

Dec 1 , 2024

Chamber Flaunts Forex Turnaround, Liquidity Issues Hover

The National Bank of Ethiopia (NBE) reported a significant increase in the dollar reserves of commercial banks, from a deficit of 465 million dollars to a surplus of 600 million dollars between the fi...

Nov 24 , 2024

Standing Committee First Visit to Private Foreign Firm Garners New Era

Safaricom Ethiopia stated that it has become the first private foreign company to host a visit by a standing committee from the House of People's Representatives, with the Democracy Affairs Standing C...

Nov 24 , 2024

Goh Mortgage Bank Registers 12-fold Gross Profit Increase

Goh Mortgage Bank reported gross profits of 83.4 million Br, a twelve-fold increase from last year's 6.4 million Br. At its general assembly last week, the bank announced total deposits of 1.02 billio...

Nov 24 , 2024

Garment Maker Invests 200 million Br in Worker Welfare

Shints ETP Garment PLC, a South Korean enterprise operating inside Bole Lemi Industrial Park, inaugurated a 200 million Br recreational facility and daycare center. This state-of-the-art facility incl...

Nov 24 , 2024

Abay Bank's Paid-up Capital Surges, Battles Liquidity Hurdles

The third-generation Abay Bank has solidified its position with marked growth in paid-up capital of 6.01 billon Br, showing a 27pc surge from the previous year. It registered revenues of 8.4 billion B...

Columns

Commentaries | Jul 04,2026

The New Gold Standard Comes with a Warning Label

In the goldfields of the Benishangul-Gumuz Regional State, Ethiopia's balance-of-payments...

Editorial | Jul 4 , 2026

Addis Abeba Pours a New Story in Every Cup, Where Tradition Meets Global Influence

Customers settle into a carefully curated space of dark wood, black accents, muted green f...

Featured | May 31 , 2026 . By HELINA HADGU

A City Between the Market and the Rules

July has arrived with the heaviest rains of the winter, dark clouds and mist blanketing Ad...

Agenda | Jul 4 , 2026 . By NAHOM AYELE and FITSUM TADESSE

Prime Minister Concedes Health Sector Remains Underprovided

The health sector remains underprovided despite rising public spending, Prime Minister Abi...

Fortune News | Jul 7 , 2026