Team Shega

Sharia-Compliant ZamZam Bank Reports 940.8 Million Birr Net Profits

ZamZam Bank reports near-Birr 1 billion net profit for FY 2024/25, as total assets surge to 16.6B Birr and deposits climb to 11.6B Birr

Fayda Digital ID to Become Mandatory for Banking Services as Ethiopia Begins Nationwide Account Harmonization

NBE has set April 8, 2026, as the final deadline for nationwide implementation. Addis Ababa and other regional capitals have been given a shorter timeline.

Ethiopia Plans to Allow Outbound Cross-border Payments in Proposed Digital Payments Strategy

Proposed National Digital Payments Strategy (2026–2030) plans to enable low-value outbound cross-border transfers via cards, mobile wallets, and digital banking.

A House Without a Foundation: Inside Ethiopia’s Education Emergency

As many as 90% of Grade 4 students in Ethiopia might not be able to read a simple paragraph.

Ethiopia's Sovereign Wealth Fund Prepares to Launch Startup Incubation Program Within SOEs

Ethiopia’s sovereign wealth fund, EIH, is set to launch Jump Start-Up, an incubation program for startups across its state-owned enterprises, according to CEO.

Ethiopia's Ministerial Council Approves Digital 2030 Strategy

Ethiopia’s Council of Ministers has approved the Digital Ethiopia 2030 strategy, rolling out a new multi-year roadmap aimed at accelerating the country’s digital transformation.