Wegagen Bank has reported growth in its financial performance, with total assets reaching Birr 65.7 billion for the 2023/24 fiscal year. The announcement was made during the bank's 31st regular and 15th emergency general meeting of shareholders, held in Addis Ababa.
Wegagen Capital Investment Bank has executed the first inter-broker trades of Government Treasury Bills and listed securities on the Ethiopian Securities Exchange (ESX). The trades took place as part of the official listing ceremony for Government T-bills and the start of trading operations, held on July 11, 2025, at the Sheraton Addis Hotel.
Wegagen Capital Investment Bank (WCIB), Ethiopia’s first licensed private investment bank, has announced plans to broaden its operations to include wealth and portfolio management services, as well as environmental, social, and governance (ESG) aligned and Shariah-compliant financial products.
Wegagen Bank disclosed it is set to soon start giving mobile and internet banking for its customers.
Wereilu, a Woreda in South Wolo Zone of Amhara Regional State, commenced selling opal from its opal mine production. South Wolo zone occupies the first place among the areas in Amhara Region which are identified as having high mineral resources. It is speculated that the zone is also endowed with other types of mineral resources including oil, opal and coal.
