Wegagen, Oromia Banks Open IFB Branches

March 14 , 2020

Wegagen and Oromia banks opened branches dedicated to interest-free banking (IFB) service at the end of last week. Named Bilal, Oromia's branch was inaugurated on March 12, 2020. The branch is located at the Bank's headquarters located on African Avenue. Oromia has been providing window interest-free banking services since 2013. Wegagen Bank inaugurated its interest-free banking branch named Alnejash at Bole Michael area on March 13, 2020. The two banks join Bank of Abyssina, Awash Bank, Commercial Bank of Ethiopia, Cooperative Bank of Oromia and several other banks that have already opened interest-free branches. The National Bank of Ethiopia (NBE), which used to limit the interest-free banking service to a window service for years, issued a directive that allowed the establishment of full-fledged IFB branches in June.


Recyclable Cash

These types of scenes can be seen around the city. People collect different types of plastic materials to sell them in return for recyclers. Water bottles make up the majority of the recyclable plastics, while many homeless people engage in the collection of the materials. ...


Young Care

Sahlemariam Abebe (right), national director for SOS Children's Villages in Ethiopia, spoke at the launching project for a new program by the aid agency on September 20, 2022, at the Ethiopian Skylight Hotel. The programme targets young people that have graduated from care such as foster homes and small group homes but are at risk of facing discrimination...


Feeding on Road

In the middle of a recently constructed highway in Qera, on Alexander Pushkin Street, a donkey is grazing on grass on the road separator. It shares the infrastructure with pedestrians and vehicles as the transportation of goods has not fully matured in Ethiopia, not even in the capital...