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Tsedey Bank, Zentide Sign Deal on E-commerce Payments


Tsedey Bank, Zentide Sign Deal on E-commerce Payments

Tsedey Bank has signed a strategic partnership with Zentide E-commerce on April 23, 2026, at the bank’s headquarters, to integrate Zentide’s online marketplace with Tsedey Bank’s financial services, with all platform transactions processed through the bank. Merchants operating on the platform will also be required to maintain accounts with Tsedey Bank. Zentide, a 2025 technology venture backed by Wavemaker Impact, develops digital marketplace solutions linking businesses and users through online channels. Bank President Yohannes Ayalew said the partnership reflects the shift toward integrated digital commerce, noting the bank’s strong engagement with micro, small and medium enterprises. Zentide’s Abebe Alemu said the platform is designed to enable transactions "wherever users are," focusing on real-time connectivity between merchants and customers. Tsedey Bank operates more than 600 branches and serves over 12 million customers, with a major share of its lending portfolio directed toward SMEs.

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Customs Authorities Intercept Major Alleged Contraband Shipment Worth 422 Million Br

The Customs Commission seized alleged contraband goods worth more than 422 million Br during inspections conducted between June 25 and June 30, 2026. The haul included clothing, electronics, ammunition, construction materials, coffee, vehicle spare parts, cosmetics, khat, narcotics, minerals, livestock and foreign currency. The Addis Abeba Airport, Moyale and Awash customs branches recorded the largest seizures, valued at 115 million Br, 93 million Br and 61 million Br, respectively. Authorit...


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Hijira Bank Posts Record Growth as Assets Reach 31.45 Billion Br

Hijira Bank posted 3.55 billion Br in income in 2025/26, exceeding its combined earnings over the previous four years, while gross profit reached 1.9 billion Br. Assets rose 115pc to 31.45 billion Br, deposits doubled to 24 billion Br, and capital increased 202pc to 7.45 billion Br. Digital transaction value surged 86pc to 41.72 billion Br, foreign currency earnings reached 158 million dollars, and total banking transactions hit 615.39 billion Br. The bank also disbursed 1.5 billion Br in col...


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Gadaa Bank Offers One Million Shares to Public Investors

Gadaa Bank has offered one million shares to the public at 1,050 Br per share following approval from the Ethiopian Securities Exchange (ESX) on June 22, 2026. The share sale keeks to expand the bank's capital base and strengthen shareholder value. The offering will run until September 17, 2026, and is open to existing shareholders and new investors who meet ESX requirements. It is open to existing shareholders and new investors who meet ESX requirements...