2merkato

Amhara Bank has announced that its paid-up capital has reached Birr 6 billion as it celebrates its first anniversary. The CEO of the bank, Henok Kebede, revealed that the bank's assets have reached Birr 28 billion, with Birr 19 billion in deposits and Birr 15 billion birr in loans to customers.

The bank has 1 million customers across its 260 branches in Ethiopia and offers modern mobile banking services, ATMs, POS, and interest-free banking services in addition to regular banking services.

Source: Fana BC

500 investment projects with a total capital of 5.3 billion Birr were licensed in the first quarter of the current fiscal year by Amhara State, Ethiopia. Among these projects 24 of them have gone operational and they have created job opportunities for more than 2000 people.

Mines Resource Development Bureau of the Amhara Regional State identified over 19,174 square kilometers of land for mineral development. According to the deputy head of the office, Mr. Tamrat Demse, a regional map has been prepared, which includes areas for mineral development in the region, containing industrial, construction, iron, and steel-related minerals. 

The Amhara Region's Mineral Resources Bureau revealed that the region produced nearly 19,950 kilograms of opal and gold over the past nine months.

The Amhara region has saved more than USD 113 million over the past 10 months by producing 1.43 million tons of rice, reducing the need for costly imports and bolstering the local economy, officials announced.