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ZamZam Bank Blazes Past 1B Br Profit, Sets Sights on Africa Lead

Jul 27 , 2025

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ZamZam Bank wrapped up its 2024/25 performance review with a headline-grabbing 764pc leap in pre-tax profits, reaching 1.3 billion Br. Total revenues topped 2.2 billion Br, while earnings per share climbed by 43pc. Assets grew to 16.6 billion Br, backed by a deposit base that hit 12 billion Br. The fully Sharia-compliant bank is also making strides internationally, securing 64.4 million dollars in foreign currency and pushing its branch count past 100. Its digital microfinance arm, Ansar Digital Financing, channelled over 115 million Br to women-led MSMEs. Board Chairperson Nasir Dino (PhD) reiterated ZamZam’s long-game target, becoming Africa’s top Sharia-compliant bank by 2030. High-performing staff, districts, and branches walked away with awards and bonuses, in a show of appreciation that

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Land Bureau Collects Billions in Revenue, Penalties From Developers

The Addis Abeba Land Development & Administration Bureau has collected 13.1 billion Br in revenue over the past ten months from lease payments and related charges. Berhane Kebede, team leader for Lease Income Collection and Monitoring, said efforts are also focused on ensuring developers comply with lease regulations, commence construction on time, and meet payment obligations. During citywide construction monitoring across all sub-cities, the Bureau collected 13.16 billion Br, includi...

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Afar Drought Resilience Programme Receives German Finance

German's Economic Cooperation and Development ministry, through the Development Bank, has allocated 17 million euro to support a drought resilience project, with 15 million euro provided by the German government. The initiative is being implemented by Ethiopia's Ministry of Agriculture. The Drought Resilience Building Project aims to strengthen food security and climate resilience for pastoral communities in the Afar lowlands. It focuses on expanding water infrastructure, including irrigation...

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Ministry of Education, Huawei Introduce Offline AI Support System

The Ministry of Education has partnered with Huawei to launch a pilot AI teacher assistant system integrated directly into the national curriculum. Designed to provide instructional support, the initiative leverages Huawei's ICT infrastructure to bridge the educational resource gap across the country. The launch was done in May 14,2026 at Sheraton Hotel which is found in Taitu St. on the launch event a representative from the ministry of education, Muluneh Atinaf(PhD), the e-SHE program coord...

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