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Rammis Bank Reports Income Growth, Expanding Footprint


Rammis Bank Reports Income Growth, Expanding Footprint

Rammis Bank closed the fiscal year ending June 2025 with total income of 400 million Br, a 3.8pc rise from the previous year, according to results presented at its general assembly at held at Elili Hotel last week. Total assets climbed to 4.2 billion Br, an 85pc increase that signals rapid expansion. The bank also widened its branch network to 47 and grew its customer base by 93pc, now serving 352,000 clients. The results underline steady growth as the bank scales its services and extends its reach across the country.

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Radar

Customs Commission Puts Government Transactions on Mesob

Public institutions must now process customs-related transactions through Mesob, a new electronic platform introduced to reduce manual procedures in government trade operations. The Customs Commission has directed the institutions to use the platform for customs clearance, transit processing, import and export procedures, transaction verification, and related services. Mesob became operational for public institutions on July 20, 2026, for customs services. Institutions must complete intern...


Radar

Addis Grants Extra Month for Residential Lease Renewals

Landlords and tenants in Addis Abeba have an extra month to renew residential lease agreements after the City Administration extended the registration deadline from August 6 to September 5, 2026. The Addis Abeba Housing Development & Administration Bureau attributed the extension to public requests for more time. Officials said it would ease congestion at registration centres and allow residents to complete the process more conveniently. The renewal exercise began in early July, follow...


Radar

Government Procurement Goes Digital with 597b Br Turnover

More than 597 billion Br in government purchases passed through Ethiopia's electronic procurement platform during the 2025-2026 fiscal year, widening the use of digital systems in public finance. The platform was used by 172 federal institutions and 196 affiliated entities during the year. More than 135,000 suppliers were registered to provide goods and services through the system, which is intended to improve transparency, accountability and efficiency in public procurement. The governmen...