Ethiopia: Wegagen Bank Launches Digital Loan Service
Wegagen Bank has introduced a new digital loan service called "Efoita," designed to benefit various segments of society.
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.

Wegagen Bank, in collaboration with Visa Inc., has launched its International Prepaid Visa Card service, allowing customers, embassy staff, and international organization employees to make global payments without carrying cash.

Wegagen Bank, one of Ethiopia’s leading private financial institutions, has signed a five-year growth partnership agreement with Visa Inc., a global leader in digital payments. The agreement aims to expand the bank’s international card banking services and strengthen its global payment capabilities.

Wegagen Bank S.C held its 32nd Ordinary Shareholders’ General Assembly on October 7, 2025, at the Hilton Hotel in Addis Ababa, where the Bank presented its financial results for the 2024/25 fiscal year.