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Ethiopia: EthSwitch Reports Birr 1.42 Billion Pre-…

Oct 29, 2025 | 2M Editor | Banking and Finance

Ethiopia: EthSwitch Reports Birr 1.42 Billion Pre-Tax Profit for the 2024/25 Fiscal Year

EthSwitch, the national digital payment switch connecting banks and financial institutions across Ethiopia, has announced a pre-tax profit of Birr 1.42 billion for the 2024/25 fiscal year, marking a 34...

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Infinix Ethiopia and Tegbare Id Polytechnic Colleg…

Oct 29, 2025 | 2M Editor | Latest Business Alerts

Infinix Ethiopia and Tegbare Id Polytechnic College Sign MoU to Boost Skills and Employment Opportunities

Infinix Ethiopia has signed a Memorandum of Understanding (MoU) with Addis Ababa Tegbare Id Polytechnic College to strengthen collaboration between industry and academia through student internships, teacher training, and technology-based...

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Ethiopia: Nib International Bank Reports Birr 2.9 …

Oct 28, 2025 | 2M Editor | Banking and Finance

Ethiopia: Nib International Bank Reports Birr 2.9 Billion Loss Following FX Market Unification

Nib International Bank Share Company has reported a pre-tax loss of Birr 2.9 billion for the fiscal year ended 2024/25, marking a significant financial setback largely attributed to foreign exchange...

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Ethiopia: NBE Orders Banks to Report Customers Usi…

Oct 24, 2025 | 2M Editor | Banking and Finance

Ethiopia: NBE Orders Banks to Report Customers Using Personal Accounts for Business or Illegal Transactions

The National Bank of Ethiopia (NBE) has directed all commercial banks to compile and submit information on customers who use personal bank accounts for business or illicit purposes.

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Ethiopian Mineral Corporation and Sunbird Bioenerg…

Oct 24, 2025 | 2M Editor | Energy and Mining

Ethiopian Mineral Corporation and Sunbird Bioenergy Forge Partnership to Boost Renewable Energy Production

The Ethiopian Mineral Corporation (EMC) and Sunbird Bioenergy Africa have signed a Memorandum of Understanding (MoU) to advance Ethiopia’s renewable energy and biofuel production, marking a significant milestone in the...

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