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

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

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

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

MoTRI Clarifies No New Taxes as 15 Percent VAT Looms Over Fuel Prices

The Ministry of Trade and Regional Integration has issued a statement clarifying recent misinformation suggesting that new taxes have been imposed on fuel sales. While the Ministry insists that no new ...
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

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

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

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

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

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

The Rising of The Fulani Empire In Addis

Foreigners residing in Addis Ababa usually have no choice but to fit into the status quo. Irrespective of their social makeup and which continent they are from, they blend fast and move on with the ...