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Wegagen Bank Celebrates Landmark Birr 9.8 Billion Profit, Outpacing Last Year’s Growth by 40%
Wegagen Bank has achieved record-breaking financial performance for the 2023/24 fiscal year, reporting a net income of Birr 9.8 billion and a gross profit...
Ahadu Bank has announced a pre-tax profit of more than 119 million birr.
At its 3rd Ordinary General Meeting of Shareholders held on October 30, 2017, the chairman of the bank's board of directors, Mr. Anteneh Sebsbe,...
Devastating Drone Attack in North Gojjam Leaves Dozens Dead, Including Women and Children
In the early hours of November 6, 2024, a deadly drone attack struck the South Achefer district in North Gojjam, Amhara region, Ethiopia, killing...
Ethiopia’s Ministry of Finance Ends Franco Valuta Import System for Commercial Goods
The Ministry of Finance of the Federal Democratic Republic of Ethiopia has issued a directive announcing the end of the Franco valuta import system...
Ethiopia Aims for Cashless Economy with Interoperable QR Code Payment System
Ethiopia’s New Interoperable QR Code Standard Sets the Stage for a Digital Payment RevolutionEthiopia is taking a significant step in digital finance with the...
Ethiopia’s Banking Sector at Risk: Kaspersky Reports Grandoreiro Trojan Spread
Ethiopia is among the latest countries targeted by the Grandoreiro banking trojan, a significant cyber threat now expanding across Africa and Asia. According to...