Ethiopian Business Review

Ethio Telecom's Cashless Journey Handles Birr 3.3 Trillion in Transactions

Ethio Telecom’s digital finance platform, Telebirr, is making waves in Ethiopia’s financial sector, driving change in how millions of Ethiopians access money, services, and economic opportunities. In just three years, Telebirr has processed Birr 3.3 trillion in transactions.

Read More: https://ethiopianbusinessreview.net/ethio-telecoms-cashless-journey-handles-birr-3-3-trillion-in-transactions/

Ethiopia's Central Bank Hikes Credit Growth to 18%

In a move that has raised both expectations and concerns, Ethiopia’s Central Bank (NBE) has approved a significant increase in the credit growth target to 18%, up from the previous 14%. This decision, made during the Monetary Policy Committee’s (MPC) meeting on December 31, 2024, aims to bolster economic growth amid challenging liquidity conditions faced by banks.

Read more: https://ethiopianbusinessreview.net/ethiopias-central-bank-hikes-credit-growth-to-18/

Geez Education and Training Brings Global Expertise to Ethiopia Amid Historic Capital Market Rollout

Geez Education and Training Plc signed two landmark Memorandums of Understanding (MoUs) with California State University, the Global Academy of Finance and Management (GAFM), and the American Academy of Project Management (AAPM). The agreement introduces 275 internationally recognized training programs, starting with 48 fields delivered in a hybrid format of online and in-person instruction. These include courses in capital markets, finance and project management, technology, business, and research. The initiative also promotes innovation through STEM-focused courses, research opportunities, and international student exchange programs. It aims to bridge the gap between education and industry demands, equipping professionals with the expertise to drive sustainable economic growth.

Read More: https://ethiopianbusinessreview.net/geez-education-a…l-market-rollout/

Ethiopia’s First Interest-Free Bank Achieves Record Deposits in Third-Generation Banks

ZamZam Bank S.C. announced that its deposits reached Birr 7.7 billion as of December 29, 2024, marking a 38% increase from the Birr 6.8 billion recorded during the 2023/24 fiscal year. The announcement was made during the bank’s 4th Shareholders' Meeting and 3rd Immediate Meeting, held at Millennium Hall, Addis Ababa.

Read more: https://ethiopianbusinessreview.net/ethiopias-first-interest-free-bank-achieves-record-deposits-in-third-generation-banks/

Pregnancy & Work A Call for Understanding, Action

The World Health Organization defines maternal health as the well-being of women during pregnancy, childbirth, and the postpartum (after birth) period. It emphasizes that each phase of pregnancy should be a positive experience, enabling both mothers and their babies to achieve optimal health and wellness. However, work-related stress poses a significant threat to this goal. EBR’s Dr. Brook Genene examines how stress affects pregnancy and offers insights on how women can manage stress in today’s workplace.

Read more: https://ethiopianbusinessreview.net/pregnancy-work-a-call-for-understanding-action/

Ethiopia Prepares to Launch Mortgage Banking to Address Housing Crisis

251 Communications and Marketing Private Limited has officially launched the 7th Annual Real Estate and Home Expo. The event is taking place from December 27 to 29, 2024, at the Sheraton Addis Inter Luxury Collection Hotel.

Read more: https://ethiopianbusinessreview.net/ethiopia-prepares-to-launch-mortgage-banking-to-address-housing-crisis/

Asrat Haile
Farewell to Ethiopia's Football Legend

Asrat Haile is one of the most prominent personalities in Ethiopian football. In a career that spanned half-century, Asrat acquired several roles as a footballer, head coach, and senior official in the Ethiopian Football Federation. Known for his sharp words and confident demeanour, Asrat has played an immense role in elevating Ethiopia’s football to the next level. He was admired by his former players and adored by the public. After spending the last couple of years struggling with an illness, Asrat sadly passed away on October 25, 2024. EBR’s Dr. Brook Genene pays tribute to one of Ethiopia’s biggest footballing heroes.

Read more: https://ethiopianbusinessreview.net/asrat-haile/

EAH and ECWC Sign MoU for Collaboration

East African Holding (EAH) has signed a Memorandum of Understanding (MoU) with the Ethiopian Construction Works Corporation (ECWC). This partnership aims to enhance Ethiopia’s infrastructure development through the supply of high-quality cement products from Lemi and Dire Dawa National Cement, along with experience sharing in key areas.

Read more: https://ethiopianbusinessreview.net/eah-and-ecwc-sign-mou-for-collaboration/

ZamZam Bank Launches Ethiopia's First Sharia-Compliant Digital Financing Service

ZamZam Bank, in partnership with Kifiya Financial Technology, launched "Ansar Digital Financing," Ethiopia's first full-fledged Sharia-compliant digital financing service.

Melika Bedri, CEO of ZamZam Bank, stated that the Ansar service aims to improve financial access for Micro, Small, and Medium Enterprises (MSMEs), particularly focusing on women and informal sector workers. She emphasized the importance of inclusive financial solutions to foster growth and prosperity in underserved communities.

Read more: https://ethiopianbusinessreview.net/zamzam-bank-launches-ethiopias-first-sharia-compliant-digital-financing-service/

Ethiopia’s Land Policy Gap Worsens Land Grabbing Problem

Land for Life Ethiopia has successfully organized the 2nd Ethiopian Land Day, bringing together policymakers, academics, civil society organizations, and private sector representatives. Under the theme "The Quest for Resilient Land Governance for a Better Life in Ethiopia," the event has served as a platform to promote sustainable and equitable land governance in the country.

Read more: https://ethiopianbusinessreview.net/ethiopias-land-policy-gap-worsens-land-grabbing-problem/