Ethiopia: Dashen Bank Reports Birr 15.2 Billion in Annual Pre-Tax Profit
Dashen Bank has reported a pre-tax profit of Birr 15.2 billion for the 2025/26 fiscal year, with its total assets reaching Birr 350 billion.
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Dashen Bank has reported a pre-tax profit of Birr 15.2 billion for the 2025/26 fiscal year, with its total assets reaching Birr 350 billion.
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Hibret Insurance has reported a pre-tax profit of Birr 1.4 billion for the 2025/26 fiscal year, representing a 36.92 percent increase compared to the previous year.
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Mastercard is strengthening digital payment security in Ethiopia by deploying artificial intelligence and tokenization technology as electronic transactions become increasingly common.
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The National Bank of Ethiopia (NBE) has officially joined the Pan-African Payment and Settlement System (PAPSS), marking a significant milestone in the country’s efforts to modernize its financial sector and strengthen economic integration with African markets.
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Ethiopia’s House of People’s Representatives (HPR) has unanimously approved a concessional loan agreement worth USD 145.8 million with the International Development Association (IDA) to finance the first phase of the Power Sector Reform, Investment, and Modernization Project.
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