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Finance expert urges merger of local banks to compete with foreign counterparts
Spread the NewsBy Yared Nigussie Merger of local banks is very crucial to compete with the foreign banks, which are expected to join the Ethiopian market following the financial liberalization decision by the government, a renowned financial expert urged. The total capital of Ethiopian private banks was not more than $1.2 billion in 2021/22 fiscal…

Teddy Afro joins Samrawit Fikru’s streaming platform Sewasew
Spread the NewsTewodros Kassahun aka Teddy Afro, a renowned musician, has joined Samrawit Fikru’s streaming platform Sewasew and will be releasing his upcoming album exclusively on the Sewasew app. While the album release date is yet to be announced, this marks a significant milestone for Ethiopia’s streaming sector, according to a report from shega.com Sewasew,…

Hibret Bank rewards hard currency generating customers
Spread the NewsHibret Bank Share Company (S.C.) has awarded its lucky hard currency generating customers on Thursday. Hibret Bank awarded its customers during the second round of “Save and get awarded” program, which was held at its headquarters around Senga Tera, a financial district in Addis Abeba. Melaku Kebede, CEO of Hibret Bank S.C. extended…

Ethiopian Airlines conducts B737 MAX demo flight
Spread the NewsEthiopian Airlines, Africa’s largest and the leading Aviation Group has returned its B737 MAX back to the skies on Tuesday in a non-stop flight of 4:30 hour in different parts of Ethiopia. The flight was initially planned to take place to Mount Kilimanjaro in Tanzania from Addis Abeba. However, that flight to Tanzania…

Ethiopia’s banks’ exhibition kicks-off
Spread the NewsEthiopia’s banks exhibition has kicked-off on Friday at the Friendship Square. The exhibition has been jointly organized by Dagu Communication, Sefa Trading PLC, Ministry of Foreign Affairs and Ethiopian Diaspora Agency. The event, which will take place until Sunday, January 30, has focused on #No More Black Market. The exhibition has been initiated…

Safaricom Ethiopia rolls out phased network to Adama, Bahir Dar
Spread the NewsSafaricom Ethiopia has extended its large-scale customer pilot to Adama and Bahir Dar cities. This recent addition marks its 4th and 5th cities in Ethiopia to test Safaricom Ethiopia’s network, following Dire Dawa, Harer and Haramaya phased customer pilots in the last month. Customers in Bahir Dar and Adama cities will be able…