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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Oromia Bank reported a 49% increase in pre-tax profit to Birr 3.82 billion for the 2025/2026 fiscal year, despite liquidity constraints and broader economic challenges affecting Ethiopia’s banking sector.
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Ethiopian merchants will be able to access working capital loans based on their digital transaction history under a new payment and financing initiative launched by Visa and ETTA Solutions.
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Wegagen Bank reported a pre-tax profit of Birr 4.3 billion for the 2025/26 fiscal year, supported by growth in income, deposits, lending and digital banking activity.
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