Ethiopian Business ReviewEthiopia’s state-owned enterprises (SOEs) are not just a problem but a beacon of potential. They can play a pivotal role in driving economic growth and social development. However, their persistent inefficiencies have hindered the nation’s progress. These inefficiencies, rooted in weak corporate governance, political interference, and a lack of capacity, have led to significant financial losses, distorted markets, and stifled innovation.
Mintesinot NigussieZamZam 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.
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.
Dr. Brook GeneneThe 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.
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.
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.
Eden TeshomeZamZam 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.
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.
Bunna Bank and Kacha Digital Financial Services have launched a pre-salary loan service, Abol Demoze, aimed at addressing the financial needs of salaried employees.
This innovative service allows employees to access up to 33% or 50% of their salary digitally before payday through the Kacha mobile application. With a flexible installment repayment option, Abol Demoze is designed to provide financial relief during cash shortages, making payday stress a thing of the past.
Amhara Bank has launched its innovative Aba QR app, designed to simplify digital transactions for customers and merchants. Officially unveiled by the bank’s CEO, Dr. Yohannes Ayalew, the app offers a user-friendly, cashless payment system that works seamlessly with any bank account or mobile banking app.
