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Wegagen Capital Posts 46.6 Million Birr Profit in First Full Year

Finance & Capital Markets

AUG 20, 2026·2 MIN READ

Wegagen Capital Posts 46.6 Million Birr Profit in First Full Year

Wegagen Capital Investment Bank (WCIB) has concluded its first full year of commercial operations with a profit before tax of 46.6 million Birr. This result marks a turnaround from...

Business

AUG 19, 2026·2 MIN READ

Canaan Pauses Bitcoin Mining Operations in Ethiopia

Hardware manufacturer Canaan has suspended its Bitcoin mining activities in Ethiopia, leaving 35 percent of its global reported hashrate capacity inactive.

Business

AUG 18, 2026·2 MIN READ

Hijra Bank Proposes Digital Transaction Data as Alternative Collateral for MSMEs

Hijra Bank is advocating for the use of digital payment records from its HalalPay platform as a substitute for physical collateral to improve credit access for Ethiopian small and medium-sized enterprises.

Ethiopia

AUG 12, 2026·3 MIN READ

Foreigners Can Now Own a Home in Ethiopia From $100,000

The Ministry of Urban and Infrastructure has officially released Directive 1147/2018, providing the legal framework for foreign nationals to acquire residential property in Ethiopi...

Business

AUG 11, 2026·2 MIN READ

NBE Confirms Abduljuhad Hassen Muhammed as Shabelle Bank CEO

The National Bank of Ethiopia (NBE) has formally approved the appointment of Abduljuhad Hassen Muhammed as the Chief Executive Officer of Shabelle Bank S.C. The confirmation, issue...

BusinessAUG 10, 2026

Dangote Targets October Groundbreaking for $16 Billion Kenya Refinery

BusinessAUG 10, 2026

Siket Bank Reports 1.54 Billion Birr Pre-Tax Profit for 2025/26 Fiscal Year

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Latest News

Finance & Capital Markets2 MIN READ

Wegagen Capital Posts 46.6 Million Birr Profit in First Full Year

Wegagen Capital Investment Bank (WCIB) has concluded its first full year of commercial operations with a profit before tax of 46.6 million Birr. This result marks a turnaround from...

Bethlehem GashawAUG 20, 2026

Business2 MIN READ

Canaan Pauses Bitcoin Mining Operations in Ethiopia

Hardware manufacturer Canaan has suspended its Bitcoin mining activities in Ethiopia, leaving 35 percent of its global reported hashrate capacity inactive.

Bethlehem GashawAUG 19, 2026

Business2 MIN READ

Hijra Bank Proposes Digital Transaction Data as Alternative Collateral for MSMEs

Bethlehem GashawAUG 18, 2026

Ethiopia3 MIN READ

Foreigners Can Now Own a Home in Ethiopia From $100,000

The Ministry of Urban and Infrastructure has officially released Directive 1147/2018, providing the legal framework for foreign nationals to acquire residential property in Ethiopi...

Bethlehem GashawAUG 12, 2026

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