Business

Berhan Bank Reports 54.7% Earnings Per Share in 2024/25 Financial Year

Berhan Bank S.A. held its 16th Annual General Meeting of Shareholders on October 18, 2018, at Millennium Hall in Addis Ababa. During the meeting, the Chairman of the Board of Directors, Ato Iligo Legesse, presented the Bank’s annual performance report for the fiscal year ending June 30, 2025. He highlighted the bank’s strong financial performance

October 30, 2025 • By Addis Insight

Business

Ethiopian Electric Power Announces Tariff Hike for Crypto Mining Operations

Addis Ababa, Ethiopia – October 29, 2025Ethiopian Electric Power (EEP) has issued an official notification to all data mining customers in Addis Ababa, confirming a significant revision to electricity tariffs specifically tailored for cryptocurrency mining operations. The new pricing structure, set to take effect on December 1, 2025, introduces a Time-of-Use (TOU) billing system and

October 29, 2025 • By Addis Insight

Business

Ethiopia’s National Switch Records Strong Growth, Posts 1.42 Billion Birr Profit Before Tax

Addis Ababa, October 18, 2025 — Ethiopia’s national payment switch operator, EthSwitch S.A., has announced robust financial results for the last fiscal year, underscoring its growing role in the country’s expanding digital financial ecosystem. The company reported a 34% increase in total revenue, achieving a profit before tax of 1.42 billion birr, according to figures

October 28, 2025 • By Addis Insight

Business

Ethiopian Electric Power Posts 26.8 Billion Birr Revenue in Q1

Ethiopian Electric Power (EEP) reported a robust 26.8 billion birr in revenue from electricity sales during the first quarter of the current fiscal year, exceeding its target by 7.6%, signaling strong growth in both domestic and regional power markets. Andualem Siae, Executive Officer of EEP’s Transmission Business Sector, highlighted that the utility sold 7.88 terawatt-hours

October 28, 2025 • By Addis Insight

Politics

Ethiopia Eyes Double-Digit Growth as Abiy Hails Economic Reform Success

Addis Ababa, October 28, 2025 — Prime Minister Abiy Ahmed (PhD) has announced that Ethiopia’s economy is on track to achieve double-digit growth this year, driven by what he described as “the most comprehensive economic transformation in the nation’s modern history.” Speaking during the 6th round, 5th year session of the House of People’s Representatives,

October 28, 2025 • By Addis Insight

Business

Ethiopia’s Economic Milestone: Exporting More Goods Than Services for the First Time

On October 18, 2018, Prime Minister Dr. Abiy Ahmed announced a historic achievement for Ethiopia: for the first time, the country earned more from goods exports than from services. In a session of the House of People’s Representatives, he revealed that Ethiopia generated $8.3 billion from goods exports and $8.1 billion from services in the

October 28, 2025 • By Addis Insight

Business

Nib Bank Reports 2.9 Billion Birr Loss Following FX Market Unification Policy

Addis Ababa – Nib International Bank S.C. has reported a significant pre-tax loss of 2.9 billion birr for the fiscal year ended 2017, marking one of the largest annual losses recorded in Ethiopia’s private banking sector. In its latest annual report, the bank attributed the loss primarily to a foreign exchange (FX) revaluation adjustment of

October 27, 2025 • By Addis Insight

Business

M-PESA Ethiopia Integrates with EthSwitch to Boost Financial Inclusion

Addis Ababa, Ethiopia – M-PESA Ethiopia has announced the completion of its integration with EthSwitch, Ethiopia’s national payment network, marking a major step toward expanding financial inclusion across the country. The integration enables full interoperability across 15 banks and mobile wallets, with additional institutions expected to join in the coming weeks. This means M-PESA customers

October 27, 2025 • By Addis Insight

Business

How ICare Is Building an Inclusive E-Commerce Revolution in Ethiopia

By Addis InsightOctober 7, 2025 From TikTok to last-mile delivery, this Addis Ababa-based startup is transforming digital shopping and livelihoods in one of Africa’s most underserved markets. Helina was just a second-year Computer Science student when she noticed something broken in Ethiopia’s retail system: everyday essentials that are cheap and common elsewhere were scarce or

October 27, 2025 • By Addis Insight

Business

IMF Ranks Ethiopia Among Africa’s Most Indebted Nations

ADDIS ABABA — October 2025. The International Monetary Fund (IMF) has released its latest list of Africa’s most indebted nations, placing Ethiopia seventh with outstanding obligations totaling $1.59 billion. At the top of the list is Egypt, burdened with about $6.89 billion in IMF debt, followed by Côte d’Ivoire and Kenya, each owing around $3

October 26, 2025 • By Addis Insight