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Dec 2 , 2023

Zemen Bank Storms Higher Echelons

Zemen Bank has carved a formidable presence in the financial landscape, managing to cross the five billion Birr paid-up capital threshold put forth by the central bank. Shareholders gathered for th...

Dec 2 , 2023

Ahadu Bank Navigates Inaugural Year

Ahadu Bank sustained a 267 million Br loss in its first year of operation through its 75 freshly opened branches. The Bank managed to mobilise 2.03 billion Br in deposits while disbursing 924.6 millio...

Dec 2 , 2023

Berhan Bank Dims Financial Year Course

Berhan Bank shareholders had little to smile about during the annual general assembly, learning that their profit earnings for the year hung by a thread. The Bank has netted 508.6 million Br profit fo...

Nov 27 , 2023

BEARISH STROLLS

A street vendor around Chechnya sells colourful giant teddy bears. Theatrical spectacles with evading street vendors and officials from the Code Enforcement Authority are ubiquitous across the streets...

Nov 27 , 2023

HEAVY SYNC

Daily labourers around Qaliti attempt to lift a portion of a giant 16-wheeler truck that was in an accident. A recent decision by the Ethiopian Customs Authority to deny clearing procedures for import...

Nov 27 , 2023

MARCHING BLOCKS

Renovations around the soon-to-be-inaugurated Adwa Zero Km museum around Piazza kick up in gear. The museum is an integral element of a series of mega projects in the capital carefully watched over by...

Nov 27 , 2023

Capital Hosts International Oilseed, Pulse Conference

Oilseed and pulse exporters from more than 20 countries gathered in one room at the 12th Oilseed International Conference held in the capital for two days at Sky-light Hotel, organized by the Ministry...

Pioneering Mortgage Bank Increases Assets Amidst Declining Profits

Goh Betoch Bank, the first private mortgage bank in the country, experienced a 19pc decline in gross profits in a financial year that saw total assets soar by 117.4pc to 2.63 billion Br. Total depo...

Nov 27 , 2023

Hibret Wraps Quarter Century In Surging Profits

Hibret Bank shareholders were in cheerful spirits as it doubled its net profit to 2.29 billion Br and marked a quarter of a century in Ethiopia's financial sector. Melaku Kebede president of the ba...

Nov 27 , 2023

EthSwitch Lights Profitable Horizons

EthSwitch, the national switch operator,  has reported 534 million Br in gross profits, registering a growth of 172pc from last year during the general assembly meeting held at the Hilton Hotel on Me...

Nov 27 , 2023

AEMFI Celebrates Silver Jubilee

The Association of Ethiopian Microfinance Institutions (AEMFI)  celebrates its silver jubilee, marked by the establishment of a shared core banking system, which 30 of its members share. Board Cha...

Nov 27 , 2023

UNIDO Upgrades Slaughter Houses

The United Nations Industrial Development Organization (UNIDO) handed over 430 thousand euros worth of slaughterhouse equipment to five abattoirs as part of the African Industrialization Day celebrati...

Nov 20 , 2023

BRIEF STROKES

A series of paintings by Worku and Barbara Goshu adorn the Sheraton Addis Hotel's gallery. Inaugurated on February 1 998, the Hotel has been home to several distinguished art exhibitions throughout it...

Nov 20 , 2023

PUTRID POOLS

A puddle forms amidst a block of apartment buildings around the Cassanchis area. Poor urban planning has been the source of several of Addis Abeba's woes, ranging from overcrowding to misplaced transp...

Nov 20 , 2023

FRESH LOOK

Left to right) Solomon Desta, vice governor of the National Bank of Ethiopia, Merem Chebsa, board chairman of Oromia Insurance and Tigistu Shiferaw, CEO of Oromia Insurance as the Company unveiled it...

Nov 20 , 2023

State-owned Telco Dives Further Fuel Digitsation

Fuel supply chain management, third-party insurance and coupons are availed on the Telebirr platform as the state-owned telecom upgrades its digital ecosystem. The collaborative endeavour includes...


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Getachew Reda's return to the national stage was always going to stir attention. Once at t...

Editorial | Sep 20 , 2025

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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

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Haimanot Yonas discovered her exam result at dawn last week, squinting at a flickering pho...

Agenda | Sep 21 , 2025 . By NAHOM AYELE

Eyob Steps into the Hot Seat with Reform on His Mind

Eyob Tekalegn (PhD) assumed the governorship of the National Bank of Ethiopia (NBE) last w...

Fortune News | Sep 21 , 2025