ethiopianbusinessreview

Awash Bank and Mastercard launch five-card portfolio as foreign exchange reforms reshape payments

Awash Bank, Ethiopia’s largest private lender, has launched a five-card payment portfolio with Mastercard, aimed at customers ranging from high-net-worth individuals to ordinary account holders and ...
ethiopianbusinessreview

Ethiopia Attracts Over USD5 Billion in Remittances in First Nine Months of Fiscal Year

Ethiopia has secured over 5.1 billion USD in remittances within the first nine months of the 2024/2025 fiscal year, surpassing the total 4.4 billion USD received in the entire previous fiscal year, ...
ethiopianbusinessreview

Abay Bank reports Birr 6.22 billion profit before tax

Abay Bank posted a profit before tax of Birr 6.22 billion for the year ended 30 June 2026, up from Birr 4.22 billion a year ...
ethiopianbusinessreview

Economists Say Reform-Linked Tax Measures Are Lifting Prices, but Few Want the Pace Slowed

According to a research report by the Ethiopian Economics Association (EEA), 65.8% of the 266 experts surveyed said these ...
ethiopianbusinessreview

Ethiopia’s Planning Ministry Gets a New Name Again, at Least Its Tenth Identity Since 1955

Ethiopia’s Ministry of Planning and Development has been renamed the Ministry of National Strategy, the latest change of ...
ethiopianbusinessreview

Akobo Minerals Prepares First Export, Debt Refinancing After Record Segele Quarter

Akobo Minerals, the Swedish-registered company operating the Segele gold mine in Ethiopia, expects to make its first direct ...
ethiopianbusinessreview

Africa Faces $108B Infrastructure Gap as EACE Convention Urges Better, Faster Engineering

Africa faces an infrastructure financing gap of $68 billion to $108 billion according to African Development Bank reports, ...
ethiopianbusinessreview

ZamZam Bank Launches Digital Remittance Platform as It Marks Five Years of Interest-Free Banking

ZamZam Bank has launched ZamZam Remit, a digital payment platform designed to channel money sent by Ethiopians abroad into ...
ethiopianbusinessreview

Bank of Abyssinia’s pre-tax profit jumps 57 percent to Birr 15.8 billion

Bank of Abyssinia (BoA) posted a profit before tax of Birr 15.85 billion for the year ended 30 June 2026, up 56.9 percent ...
ethiopianbusinessreview

Zemen Bank’s Gross Profit Rises 9.7% to 10 Billion Birr as Total Assets Cross 116 Billion Birr

Zemen Bank reported gross profit before tax, depreciation and amortization of about 10 billion birr for the 2025/26 fiscal ...
ethiopianbusinessreview

56% of Economists Are Not Convinced the Birr Float Will Last, EEA Report

Confidence in the regime is thin even among supporters. Only 15% of respondents consider the float highly likely to be ...
ethiopianbusinessreview

Abdulmenan Mohammed Hamza (PhD)

The news of the establishment of a capital market has been received with hype and enthusiasm. It is hoped that it would support the national economy through the mobilization of capital for new ...