On April 9, Wegagen Bank and the International Finance Corporation (IFC), a member of the World Bank Group, signed a strategic partnership agreement to establish a USD 10 million trade finance guarantee facility.
Wegagen Bank and Mpesa, a mobile banking platform offered by Safaricom Ethiopia, have joined forces to provide customers with convenient digital payment solutions. This partnership, approved by the National Bank of Ethiopia, aims to eliminate the need for cash transactions.
Wegagen Bank announced it has bagged a gross profit of 478.5 million Birr, which is 375.6 million Birr after tax, in the last fiscal year. The bank’s profit shows an increase of 26 million Birr when compared to its performance in 2014/2015.
Wegagen Bank has introduced a new digital loan service called "Efoita," designed to benefit various segments of society.
Wegagen Bank, in partnership with E-Birr Mobile Financial Services, has introduced a new mobile wallet service designed to enhance financial accessibility and streamline banking.
