Oromia Bank Posts 2.6 Billion Birr Pre-Tax Profit, Revenue and Deposits Surge Sharply
Oromia Bank has reported a strong financial performance for the 2017 fiscal year, achieving 2.6 billion birr in pre-tax profit—an impressive 155% jump compared...
M-PESA Ethiopia Alleges Ethio Telecom Blocking Its New Lehulum Service on Mobile Data
Addis Ababa — December 5, 2025
M-PESA Ethiopia has accused Ethio Telecom of blocking mobile data access to its newly launched telecom-agnostic financial service, M-PESA...
NBE Announces Forex Auction Results: 17 Banks Push Dollar Price to 154.3993 Br
Addis Ababa — The National Bank of Ethiopia (NBE) has released the results of its latest foreign exchange auction, marking another step in the...
Ethiopia’s Central Bank Announces $50 Million FX Auction for December 2
Addis Ababa — December 1, 2025
The National Bank of Ethiopia (NBE) has announced that it will conduct its eleventh foreign exchange auction of the...
M-PESA Lehulum Debuts: Mobile Money Now Works Across All Networks
Addis Ababa — M-PESA Ethiopia has launched M-PESA Lehulum, a new platform that enables mobile money services to operate across all telecommunications networks in...
Amhara Bank Reports Strong Growth as Pre-Tax Profit Surges to 654.8 Million Birr
Addis Ababa — Amhara Bank has posted a pre-tax profit of 654.8 million birr for the 2017 fiscal year, marking one of its strongest...
