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The African Development Bank Group has received the Global Quality Certification from the Institute of Internal Auditors (IIA) after its Internal Audit Function achieved the highest possible rating under the profession’s newly introduced Global Internal Audit Standards. The certification follows an independent External Quality Assessment conducted by IIA...
BBC Amharic
Birr Metrics
The Addis Ababa Chamber of Commerce and Sectorial Association has struck a partnership with ZamZam Bank to roll out a collateral-free lending scheme for small and medium-sized enterprises, adding momentum to Ethiopia’s gradual shift towards algorithm-driven credit assessment in business finance. Signed on Thursday during a chamber panel discussion on tax,...
BBC Amharic
Birr Metrics
Awash Bank posted earnings of 40.7 billion birr for the fiscal year ended June 30, 2026, as its foreign currency position strengthened to 2.65 billion US dollars, helped by Ethiopia’s foreign exchange liberalisation and the lender’s own mobilisation efforts. Deposits rose to 467.8 billion birr, an increase of 135 billion birr, or 41 percent, Chief...
BBC Amharic
Birr Metrics
Ethiopian Airlines has launched three-times-weekly service to Lyon, France, its 146th destination and third in the country. The inaugural flight is already scheduled, officials confirmed. At a ceremony commemorating the launch, CEO Mesfin Tasew said the new route to Lyon reflects the airline’s continued dedication to expanding global connectivity while...
BBC Amharic
Birr Metrics
Ethiopia has secured an additional 464 million US dollars from the International Monetary Fund after the lender concluded that the country’s economic reform programme remains broadly on course, while also approving about 200 million US dollars in extra support to cushion the economy against higher fuel import costs triggered by the war in the Middle...
BBC Amharic
