Ethiopia Approves Special Fund for Green Legacy Activities, Rehabilitation of Degraded Lands

The HPR unanimously approved a bill for the establishment and management of a special fund for the activities of green legacy and rehabilitation of degraded lands, crucial for the effective implementation of the Green Legacy Initiative.

🌍 Which Banks Shape the Global Financial System?

The largest banks in the world continue to dominate financial markets.

JP Morgan Chase leads with a staggering $693 billion market cap.

Industrial and Commercial Bank of China takes the top spot at $286 billion in China.

Other major players include HSBC in the UK ($169 billion) and MUFG in Japan ($147 billion). #LeverageSharesEU

@PatternFin

According to the FAA facility-dashboard, there are 5,854 FAA-Certified repair stations (MROs) in the world.

Of the 5,854 repair stations, 16 are found in Africa. Only six African countries have FAA -Certified repair station:
🇹🇩 Chad (1),
🇪🇬 Egypt (3),
🇪🇹 Ethiopia (1),
🇰🇪 Kenya (2),
🇲🇦 Morocco (4) and
🇿🇦 South Africa (5).

Tinny 🇦🇪 E UAE, however, has a total of 18 FAA-Certified repair stations. The total area of the UAE is less than a tenth of Ethiopia.

The above figures clearly show how Africa is lagging behind other continents in Aviation technology & related infrastructures.  #AssefaGedefa

#Aviation
#Etiopianairlines
#Boing

@PatternFin

@ZamZamBankS_C Launches Ethiopia's First Sharia-Compliant Digital Financing Service

ZamZam Bank S.C, 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. #EBR

#ZamZamBank #Kifiya
#AnsarDigitalFinancing
#DigitalLending #IFB

@PatternFin

ይህ አዲስ አገልግሎት ለጥቃቅን እና አነስተኛ ስራ ላይ ለተሰማሩ የማህበረሰብ ክፍሎች ኢስላሚክ መርህን ማዕከል ያደረገ በተለይም ለሴቶች  የፋይናንስ አቅርቦት እንዲያገኙ በማስቻል ረገድ ትልቅ እምርታ ከመሆኑም በላይ የዲጂታል አገልግሎትን ተደራሽ ለማድረግ ትልቅ ሚና እንደሚኖረው ታምኖበታል።

Your financial literacy isn't a luxury. It's your business's lifeline.

Those who understand finance don't just survive - they dominate.

𝗧𝗵𝗲𝘆 𝘀𝗲𝗲 𝘄𝗵𝗮𝘁 𝗼𝘁𝗵𝗲𝗿𝘀 𝗰𝗮𝗻'𝘁:

- Potential financial traps
- Hidden revenue streams
- Opportunities masked as challenges

𝗙𝗶𝗻𝗮𝗻𝗰𝗶𝗮𝗹 𝗶𝗻𝘁𝗲𝗹𝗹𝗶𝗴𝗲𝗻𝗰𝗲 𝗶𝘀𝗻'𝘁 𝗮𝗯𝗼𝘂𝘁 𝗯𝗲𝗶𝗻𝗴 𝗮 𝗺𝗮𝘁𝗵 𝗴𝗲𝗻𝗶𝘂𝘀.

𝗜𝘁'𝘀 𝗮𝗯𝗼𝘂𝘁 𝘂𝗻𝗱𝗲𝗿𝘀𝘁𝗮𝗻𝗱𝗶𝗻𝗴 𝘁𝗵𝗲 𝘀𝘁𝗼𝗿𝘆 𝗯𝗲𝗵𝗶𝗻𝗱 𝘁𝗵𝗲 𝗻𝘂𝗺𝗯𝗲𝗿𝘀.
# NataliaMeissner

@PatternFin

Weekly #Crypto update.

@PatternFin

When moral hazard becomes core business

In business, the term Moral Hazard refers to a situation when the risk as a result of a risky action taken by one party is born by the other party. A close scrutiny of many of our businesses reveal that they consider moral hazard as a core business strategy.

Few examples:
- Our commercial banks want to convince us to save in light of significant inflation trends. If inflation happens, it will be the depositor who bears it, not the banks.

- Our real estate development companies want us to buy houses priced in dollars. With significant depreciation of the local currency, the buyer bears the risk, while the seller laughs.

- Owners of the private colleges send their kids to overseas universities to avoid the risk of low-quality education from their own colleges. The risk will be borne by those enrolled at their colleges and universities.

- If you personally know the owner of a restaurant, he will pass a special order for your meal to be prepared with extra caution and high-quality ingredients. Any risks due to low quality inputs and negligence should be borne by other customers, not the owners and their connections. #MillionKibret

What are your thoughts?

@PatternFin

ZamZam Bank

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. #EBR

@PatternFin

Massive drone show in Shanghai, China 🇨🇳!

Happy New Year💥

የኢትዮጵያ ጠለፋ መድህን ከታክስ በኃላ ከ 400 ሚሊዮን ብር ላይ ትርፍ ማስመዝገቡን አስታዉቋል

የኢትዮጵያ ጠለፋ መድን አክስዮን ማሀበር ( ሪኢንሹራንስ ) የጠቅላላ እና የረዥም ጊዜ የጠለፋ መድን ሥራ ለመሥራት የተቋቋመ ሲሆን በተጠናቀቀው 2016 የሂሳብ ዓመት ኩባንያው የብር 317.7 ሚሊዮን የኢንቨስትመንት ገቢ ማስመዝገቡን ገልጿል።

በሂሳብ ዓመቱ ኩባንያው ከታክስ በኋላ ብር 400.2 ሚሊየን ትርፍ ማስመዝገቡን እና ይህ ከቀድሞው ተመሳሳይ ዓመት ጋር ሲነፃፀር የ 155.7 ሚሊየን ብር ወይም 63 በመቶ ጭማሪ አሳይቷል ብሏል ። በዚህም እያንዳንዱ አክሲዮን ያስገኘው ትርፍ (Earnings Per Share) 22.25 በመቶ መሆኑን ካፒታል ተመልክቷል ።

ከመንግስት የልማት ድርጅቶችና ከግሉ ዘርፍ የተውጣጡ በአጠቃላይ 7 ባንኮች፣ 17 መድን ሠጪ ኩባንያዎች፣ 102 ግለሰቦች እና እንድ የሠራተኛ ማህበርን ጨምሮ በአጠቃላይ 127 ባለአክሲዮኖች ያሉት ኩባንያው በበጀት ዓመቱ ከሀገር ውስጥ እና ከውጭ ሃገራት በጠቅላላ እና በረዥም ጊዜ መድን ዘርፎች ብር 2.2 ቢሊዮን አጠቃላይ የሪኢንሹራንስ ገቢ ውጤት መገኘቱን ገልጿል። #Capital

@PatternFin