Samaritan Ushers in First Stroke Treatment Facility

Oct 8 , 2022


[ssba-buttons]

Samaritan Hospital ushered in Ethiopia’s first stroke facility, which opened two weeks ago under Axon Stroke & Spine Centre. The centre has given services to no less than 100 patients who suffer from a stroke and spine diseases. The patients have been treated for ischemic and hemorrhagic stroke, brain aneurysms, and other diseases in the head, neck and spine. The centre is equipped with an artificial intelligence-enabled lab, performing invasive image-guided head, neck and spine procedures. The Center was Co-founded by a renowned neurologist and stroke specialist, Wondwossen G. Amanuel (MD) and Akeza Teame (MD), an infectious disease specialist, founder of American Medical Center, and co-founder of Samaritan surgical centre. Wondwossen is an associate professor of neurology and neuro-interventional surgery at the University of Texas in Rio Grande Valley. He has trained more than 10 general practitioners, assistant neurosurgeons and neurologists.


Radar

EthSwitch Sees Record Profit, Expands Digital Payment Reach

EthSwitch, the national switch operator, reported a record 1.4 billion Br gross profit for the fiscal year ending June 2025, a 34pc increase from last year's 1.06 billion Br. The performance was driven by a sharp rise in interoperable transactions, reflecting the country's growing embrace of digital payments. Person-to-person (P2P) transfers led revenue generation with 902.6 million Br, nearly half of total income, followed by ATM transactions contributing 825.1 million Br. Overall revenue cl...


Radar

Lion Bank Delivers Robust Results, Rewarding Shareholders

Lion International Bank S.C. posted a profit before tax of 1.8 billion Br for the last fiscal year, marking a 94pc surge from the previous year. The announcement was made during the bank's General Assembly held last week at the Sheraton Addis Hotel. After provisions and taxes, the bank registered a net profit exceeding 900 million Br, with shareholders earning 27pc per share. Deposits climbed by 23pc to 44 billion Br, up from 35.6 billion Br, while total loans and advances reached 36.2 billio...


Radar

Berhan Bank Lifts Earnings as Reforms Ease Forex Strain

Berhan Bank reported a 28.1pc growth in its latest fiscal year, buoyed by economic reforms and relaxed forex directives. The Bank's total deposits climbed to 44.5 billion Br by June 30, 2025, up 7.6 billion Br from the previous year. Net profit distributed to shareholders rose by 36pc, while total income reached 10.3 billion Br, marking a 61.4pc increase. Interest income accounted for nearly 59pc of total earnings, driven largely by the repeal of the National Bank's 70pc forex surrender rule...