First Addis Investment Bank Enters Ethiopia’s Emerging Capital Market
Ethiopia, one of Africa’s six largest economies, is home to more than 2.2 million businesses and 32 commercial and development banks. Yet, despite this...
Ethiopia Announces New Fuel Market Share Formula by City
The Ethiopian government has unveiled a new market share formula for fuel products, aimed at ensuring fair distribution across the country. The formula categorizes...
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,...
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...
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...
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,...