FORTUNE+ VIDEO SPONSORED CONTENTS ADVERTORIALS FORTUNE AUDIO Fortune Careers TRADE AFRICA Election 2026 New TIME REMAINING UNTIL ETHIOPIA’S NATIONAL ELECTION 0Days 0Hours 0Minutes 0Seconds



Dashen Bank Rolls Out Secure Asset Deposit Service for Valuables


Dashen Bank Rolls Out Secure Asset Deposit Service for Valuables

Dashen Bank has introduced a new secure deposit service for storing valuable items, including precious metals, gems, legal documents, and securities. The service is equipped with advanced security systems and targets individual and institutional clients, particularly those in the mining sector. Andualem Belete, director of Treasury Management for Dashen Bank, said the offering allows customers to rent safe deposit boxes of various sizes at designated branches. Clients will receive a special ID after fulfilling requirements at the Bank’s head office. “This is not just about revenue, it’s about safeguarding what matters to our customers,” Andualem noted, adding that the initiative will also generate annual rental income for the Bank. Dashen, recognised for its customer-centric approach and digital innovations like the SuperApp, plans to expand its service portfolio further. The Bank has encouraged customers to utilise this high-security storage option as part of its continued focus on asset safety and convenience.

[ssba-buttons]

Radar

Federal Prosecutors Accuse Public Officials, Contractors of Corruption, Alleged Illicit Fund Transfers

Federal prosecutors have filed corruption and money laundering charges against 11 defendants, including Nigstu Bogale, Coordinator of the Development Project for Response to the Impact of Refugees in the Horn of Africa at the Ministry of Agriculture, Biniyam Fantaye and Taye Habte, senior irrigation engineers involved in the Development Response to Displacement Impacts Project (DRDIP-II), as well as private individuals and construction company representatives. The case alleges losses and illicit...


Radar

EIH Transitions to New Headquarters as It Oversees Major State-Owned Enterprises

Ethiopian Investment Holdings (EIH) is relocating its headquarters from its current site on General Wingate Street. The former headquarters was located behind the Ministry of Industry and near Abrehot Library. The new office is expected to be on Mozambique Street, along the route from Mexico Square to Bulgaria Road. The building belongs to one of EIH's subsidiaries, and all departments are set to move there as interior design and finishing works continue. Under the leadership of Brook Taye...


Radar

Import Substitution Push Lifts Domestic Manufacturing, Industrial Recovery

A push for import substitution and industrial expansion has prioritised 96 strategic products for local manufacturing. The “Ethiopia Tamirt” initiative reports 4.85 billion dollars in savings, supported by trade fairs linking local producers to domestic and international markets. On average, 700 new projects enter the market annually, contributing to more than 2,800 investments over four years. At the grassroots level, 18,000 SMEs have been established, while 993 dormant factories have...