To my brothers and sisters in Africa 🌍
Today, I want to share a deeply held conviction: Africa is on the verge of awakening. We have the youngest population, abundant natural resources, and boundless entrepreneurial energy. But to realize our potential, we must invest locally, transform our raw materials, and create value here at home.
I have dedicated more than $25 billion in recent years to Africa's development—in fertilizers, petrochemicals, sugar, cement, and especially refining. Our mega-refinery now processes 650,000 barrels of oil per day, not only for Nigeria, but for all of West, Central, and Southern Africa.
This isn't just an investment: it's a total commitment on my part to our continent. When we transform locally, we preserve jobs, develop our skills, and build true economic sovereignty.
Our challenges are real: insufficient infrastructure, customs barriers and bureaucracy, currency instability, and the cost of capital. But overcoming these obstacles is our collective responsibility. We, African leaders, must move from rhetoric to action, transform our sectors, and unleash our potential.
I call on all business leaders, institutions, and governments to act: let's mobilize patient capital, facilitate free movement, ratify agreements like the AfCFTA, and create ecosystems conducive to transformation. Together, we can stop exporting poverty and start exporting the wealth we have created.
Africa's future is being written today—let's build it together.
Aliko Dangote
President & CEO, Dangote Industries Limited
Today, I want to share a deeply held conviction: Africa is on the verge of awakening. We have the youngest population, abundant natural resources, and boundless entrepreneurial energy. But to realize our potential, we must invest locally, transform our raw materials, and create value here at home.
I have dedicated more than $25 billion in recent years to Africa's development—in fertilizers, petrochemicals, sugar, cement, and especially refining. Our mega-refinery now processes 650,000 barrels of oil per day, not only for Nigeria, but for all of West, Central, and Southern Africa.
This isn't just an investment: it's a total commitment on my part to our continent. When we transform locally, we preserve jobs, develop our skills, and build true economic sovereignty.
Our challenges are real: insufficient infrastructure, customs barriers and bureaucracy, currency instability, and the cost of capital. But overcoming these obstacles is our collective responsibility. We, African leaders, must move from rhetoric to action, transform our sectors, and unleash our potential.
I call on all business leaders, institutions, and governments to act: let's mobilize patient capital, facilitate free movement, ratify agreements like the AfCFTA, and create ecosystems conducive to transformation. Together, we can stop exporting poverty and start exporting the wealth we have created.
Africa's future is being written today—let's build it together.
Aliko Dangote
President & CEO, Dangote Industries Limited
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Zemen Bank S.C. Earns 9 Billion Birr Profit
Zemen Bank has reported a profit of 9 billion birr for the 2024/25 fiscal year, with total revenue reaching 14 billion birr. The bank’s paid-up capital has also surpassed 9 billion birr.
CEO Dereje Zebene noted the strong performance was supported by ongoing financial reforms, including the move to a floating exchange rate and the launch of the Ethiopian Capital Market.
@PatternFin
Zemen Bank has reported a profit of 9 billion birr for the 2024/25 fiscal year, with total revenue reaching 14 billion birr. The bank’s paid-up capital has also surpassed 9 billion birr.
CEO Dereje Zebene noted the strong performance was supported by ongoing financial reforms, including the move to a floating exchange rate and the launch of the Ethiopian Capital Market.
@PatternFin
𝗦𝗶𝗶𝗻𝗾𝗲𝗲 𝗕𝗮𝗻𝗸 𝗦𝗲𝗲𝘀 𝟴𝟵𝟳% 𝗚𝗿𝗼𝘄𝘁𝗵 𝗶𝗻 𝗗𝗲𝗽𝗼𝘀𝗶𝘁𝘀, 𝗦𝘂𝗿𝗽𝗮𝘀𝘀𝗶𝗻𝗴 𝟭𝟬𝟬 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 𝗕𝗶𝗿𝗿 𝗶𝗻 𝗧𝗵𝗿𝗲𝗲 𝗬𝗲𝗮𝗿𝘀 (Shega)
Siinqee Bank S.C., a three-year-old institution that evolved from a quarter-century legacy in microfinance, has increased its total deposits by an astounding 897% since its inception, reaching 102.5 billion Birr by the end of the current financial year.
Wabi, a digital credit and savings platform launched by the bank two months ago, has also quickly gained traction. The bank reported disbursing around 1.6 billion Birr through Wabi, nearly half of which were 45-day microcredit loans.
#SiinqeeBank
@PatternFin
Siinqee Bank S.C., a three-year-old institution that evolved from a quarter-century legacy in microfinance, has increased its total deposits by an astounding 897% since its inception, reaching 102.5 billion Birr by the end of the current financial year.
Wabi, a digital credit and savings platform launched by the bank two months ago, has also quickly gained traction. The bank reported disbursing around 1.6 billion Birr through Wabi, nearly half of which were 45-day microcredit loans.
#SiinqeeBank
@PatternFin
𝗔𝘄𝗮𝘀𝗵 𝗜𝗻𝘀𝘂𝗿𝗮𝗻𝗰𝗲 𝗦.𝗖. 𝗥𝗲𝗴𝗶𝘀𝘁𝗲𝗿𝘀 𝗛𝗶𝘀𝘁𝗼𝗿𝗶𝗰 𝗚𝗿𝗼𝘀𝘀 𝗪𝗿𝗶𝘁𝘁𝗲𝗻 𝗣𝗿𝗲𝗺𝗶𝘂𝗺 𝗼𝗳 𝗢𝘃𝗲𝗿 𝗘𝗧𝗕 𝟰.𝟱 𝗕𝗶𝗹𝗹𝗶𝗼𝗻
Awash Insurance reported a Gross Written Premium (GWP) exceeding ETB 4.5 billion for the 2024/25 fiscal year, reflecting a 44% increase compared to the previous year.
Growth was supported by underwriting discipline, expanded distribution channels, and customer retention efforts.
The Life Assurance segment recorded over ETB 656 million in premiums, a 48% rise year-on-year. #EBR
@PatternFin
Awash Insurance reported a Gross Written Premium (GWP) exceeding ETB 4.5 billion for the 2024/25 fiscal year, reflecting a 44% increase compared to the previous year.
Growth was supported by underwriting discipline, expanded distribution channels, and customer retention efforts.
The Life Assurance segment recorded over ETB 656 million in premiums, a 48% rise year-on-year. #EBR
@PatternFin
𝗪𝗼𝗿𝗹𝗱 𝗕𝗮𝗻𝗸 𝗔𝗽𝗽𝗿𝗼𝘃𝗲𝘀 𝗨𝗦𝗗𝟭 𝗕𝗶𝗹𝗹𝗶𝗼𝗻 𝗚𝗿𝗮𝗻𝘁 𝗮𝗻𝗱 𝗖𝗼𝗻𝗰𝗲𝘀𝘀𝗶𝗼𝗻𝗮𝗹 𝗟𝗼𝗮𝗻 𝘁𝗼 𝗦𝘂𝗽𝗽𝗼𝗿𝘁 𝗘𝘁𝗵𝗶𝗼𝗽𝗶𝗮’𝘀 𝗦𝘂𝘀𝘁𝗮𝗶𝗻𝗮𝗯𝗹𝗲 𝗚𝗿𝗼𝘄𝘁𝗵 𝗣𝗿𝗼𝗴𝗿𝗮𝗺
The World Bank has approved a USD1 billion package, comprising a grant and concessional loan, under the Second Sustainable and Inclusive Growth Development Policy Operation (DPO).
The agreement was formally signed by Ethiopia’s Finance Minister Ahmed Shide, representing the Federal Democratic Republic of Ethiopia, and Maryam Salim, World Bank Division Director for Ethiopia, Eritrea, Sudan, and South Sudan, on behalf of the World Bank Group.
The signing underscores the strong and enduring collaboration between Ethiopia and the World Bank in advancing their shared goals of inclusive and sustainable development, according to the Ministry of Finance. #EBR
@PatternFin
The World Bank has approved a USD1 billion package, comprising a grant and concessional loan, under the Second Sustainable and Inclusive Growth Development Policy Operation (DPO).
The agreement was formally signed by Ethiopia’s Finance Minister Ahmed Shide, representing the Federal Democratic Republic of Ethiopia, and Maryam Salim, World Bank Division Director for Ethiopia, Eritrea, Sudan, and South Sudan, on behalf of the World Bank Group.
The signing underscores the strong and enduring collaboration between Ethiopia and the World Bank in advancing their shared goals of inclusive and sustainable development, according to the Ministry of Finance. #EBR
@PatternFin
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𝗙𝗶𝘃𝗲 𝗘𝘁𝗵𝗶𝗼𝗽𝗶𝗮𝗻 𝗜𝗻𝘀𝘂𝗿𝗲𝗿𝘀 𝗨𝗻𝗶𝘁𝗲 𝘂𝗻𝗱𝗲𝗿 𝗣𝘂𝗹𝗮 𝘁𝗼 𝗣𝗿𝗼𝘁𝗲𝗰𝘁 𝟭𝟬 𝗺𝗶𝗹𝗹𝗶𝗼𝗻 𝗙𝗮𝗿𝗺𝗲𝗿𝘀
Ethiopia’s new Agricultural Insurance Consortium (AICE), backed by five domestic insurers and Kenya’s Pula Advisors, is laying the groundwork to insure 10 million smallholder farmers.
Starting with just 200 Birr premiums, embedded within input purchases, AICE is tackling long-standing barriers: low awareness, affordability, and lack of infrastructure.
With access to Pula’s AI-driven infrastructure, including its Mauvoo platform and Insurance Engine, the initiative looks to rapidly scale in Ethiopia's insurance market, where 0.4% penetration has been the norm for quite a while. #Shega
@PatternFin
Ethiopia’s new Agricultural Insurance Consortium (AICE), backed by five domestic insurers and Kenya’s Pula Advisors, is laying the groundwork to insure 10 million smallholder farmers.
Starting with just 200 Birr premiums, embedded within input purchases, AICE is tackling long-standing barriers: low awareness, affordability, and lack of infrastructure.
With access to Pula’s AI-driven infrastructure, including its Mauvoo platform and Insurance Engine, the initiative looks to rapidly scale in Ethiopia's insurance market, where 0.4% penetration has been the norm for quite a while. #Shega
@PatternFin
Pattern Finance and Investment - ፋይናንስ
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#ሂጅራባንክ
ሂጅራ ባንክ በ2024/25 የበጀት አመት ከ1.8 ቢሊዮን ብር በላይ ጠቅላላ ገቢ አስመዘገበ።
ሂጅራ ባንክ ሦስተኛ ዓመት የእድገት ስትራቴጂ (Growth Strategy) በመተግበር ላይ የሚገኝ ሲሆን 2024/25 በጀት ዓመት "ስኬታማ ውጤት በማግኘት አዲስ ምዕራፍ የከፈተበት" ነው ሲል ገልጿል።
ባንኩ በበጀት ዓመቱ ከ1.8 ቢሊዮን ብር በላይ ጠቅላላ ገቢ (Total Income) ማስመዝገቡን ሲገልጽ፥ ከባለፈው ዓመት ጠቅላላ ገቢ ጋር ሲነጻጸር የ 148.85% በመቶ እድገት አሳይቷል።
ከ840 ሚሊየን ብር በላይ ትርፍ ማግኘቱን የገለጸው ሂጅራ ባንክ ይህም ውጤት ካለፈው አመት ጋር ሲነጻጸር 740% ጭማሪ ማስመዝገቡንና በዚሁ መሰረትም የባንኩ ጠቅላላ ROE 40% መድረስ መቻሉን ገልጿል።
የባንኩ ጠቅላላ ሀብትም በከፍተኛ ደረጃ በማደግ በ2024/25 የበጀት አመት ከ15 ቢሊዮን ብር አልፏል፤ ይህም ካለፈው አመት ጋር ሲነጻጸር 95.37% ጭማሪ አሳይቷል።
እንዲሁም የተቀማጭ ገንዘብ መጠን ወደ 12 ቢሊዮን ብር በማሳደግ 91.4%በመቶ ስኬታማ የእድገት ውጤት ማስመዝገብ መቻሉን ገልጿል።
ሂጅራ ባንክ በበጀት ዓመቱ 40 ሚሊዮን ዶላር ማግኘቱን ሲገልጽ፥ ይህም ካለፈው አመት ጋር ሲነጻጸር 304.5% በመቶ ጭማሪ ማስመዝገብ ችሏል።
ባንኩ የማክሮ ኢኮኖሚ ነባራዊ ሁኔታዎችን ተቋቁሞ ተደራሽነቱን በማስፋት 135 ቅርንጫፎችን መክፈቱን የገለጸ ሲሆን በ2024/25 የበጀት አመት 35 አዳዲስ ቅርንጫፎችን ለአገልግሎት ክፍት ማድረጉን አስታውቋል።
የደንበኞችን ብዛት በተመለከተ አዳዲስ ደንበኞችን በማፍራት ጠቅላላ የደንበኞቹን ቁጥር ወደ 931,148 ሲያሳድግ፥ ይህም ካለፈው ዓመት የደንበኞች ብዛት አንጻር 69.4%በመቶ የደንበኞች ጭማሪን ማሳየት ችሏል ብሏል።
ከዲጂታል አገልግሎቶች ጋር በተያያዘ የኦምኒ ፕላስ የሞባይል ባንኪንግ መተግበሪያ ተጠቃሚዎች ከ350 ሺህ በላይ መሆናቸውንና ይህም ካለፈው አመት ጋር ሲነጻጸር 141.86% እድገት ማሳየቱን ነው የገለጸው።
ባለፉት 6 ወራት ብቻ የሀላል ፔይ ዋሌት ተጠቃሚዎች ከ811 ሺህ በላይ የደረሱ ሲሆን ባንኩ ከመሰረታዊ የባንክ አገልግሎቶች በተጨማሪ ያለ ማስያዣ የፋይናንስ አገልግሎት መጠቀም የሚያስችል ኢ-ሙራበሃ የፋይናንስ አገልግሎትን በዋሌት በማስጀመር ስኬታማ ዓመት ማሳለፉን አስታውቋል።
ከ20.9 ቢሊዮን ብር በላይ ገንዘብ በዲጂታል በኩል ተንቀሳቅሷል ያለው ባንኩ ይህም ካለፈው ዓመት ጋር ሲነጻጸር 198.60% ዕድገት ማስመዝገቡን አስታውቋል።
አጠቃላይ ከተደረገው የገንዘብ ዝውውር 34.52% በዲጂታል መንገድ ሲሆን ይህም ካለፈው አመት ጋር ሲነጻጸር 10.68% እድገት አሳይቷል።
ሂጅራ ባንክ በ2024/25 የበጀት ዓመት የማህበረሰቡን ተጠቃሚነት ለማስቀደም በርካታ ተግባራትን ሲያከናውን ቆይቷል፤ ከእነዚህም ውስጥ ማህበረሰቡን ከባንክ ተጠቃሚነት ወደ ባንክ ባለቤትነት ለማሸጋገር ሰፊ የአክሲዮን ሽያጭ ማከናወኑ ተጠቅሷል።
እንዲሁም "ሀላል ፋይናንሺያል ሊትረሲ ፕሮግራም" በሚል ስያሜ የተለያዩ የማህበረሰብ ክፍሎችን ስለ ሀላል ፋይናንስ በማስተማርና ግንዛቤ በማስጨበጥ ላይ ሰፊ ስራዎችን ሲሰራ ቆይቷል።
ባንኩ ስራ ፈጣሪዎችን እና ታታሪ ወጣቶችን ለማበረታታት በማሰብ "ሲራራ አዋርድ" የተሰኘ የውድድር መድረክ በማዘጋጀት እና ማህበራዊ ኃላፊነቱን ከመወጣት አኳያ፣ ለተለያዩ የበጎ አድራጎት ተቋማት እና ለአቅመ ደካሞች ድጋፍ ሲያደርግም ቆይቷል።
ባንኩ፥ "ይህ ስኬታማ ውጤት የሂጅራ ባንክን ስትራቴጂክ አቅጣጫ፣ የደንበኞቻችን፣ የባለአክሲዮኖቻችን፣ የቦርድ ዳይሬክተሮቻችን፣ የሸሪዓ አማካሪዎቻችን፣ የማኔጅመንት አባላት እና የሰራተኞቻችን ዉጤት ነው።" ሲል ነው የገለጸው።
ካለፉት አመታት ካስመዘገበው ውጤት እጅጉን የጎላ ነው ሲል በገለጸው በዚህ ስኬት "በሀገሪቱ ከወለድ ነጻ ባንኪንግ ዘርፍ ያለውን ሰፊ እምቅ አቅም እና ዘላቂነት ዳግም ያረጋገጥንበት ዓመት ነው" ሲል አስታውቋል። #Tikvah
@PatternFin
ሂጅራ ባንክ በ2024/25 የበጀት አመት ከ1.8 ቢሊዮን ብር በላይ ጠቅላላ ገቢ አስመዘገበ።
ሂጅራ ባንክ ሦስተኛ ዓመት የእድገት ስትራቴጂ (Growth Strategy) በመተግበር ላይ የሚገኝ ሲሆን 2024/25 በጀት ዓመት "ስኬታማ ውጤት በማግኘት አዲስ ምዕራፍ የከፈተበት" ነው ሲል ገልጿል።
ባንኩ በበጀት ዓመቱ ከ1.8 ቢሊዮን ብር በላይ ጠቅላላ ገቢ (Total Income) ማስመዝገቡን ሲገልጽ፥ ከባለፈው ዓመት ጠቅላላ ገቢ ጋር ሲነጻጸር የ 148.85% በመቶ እድገት አሳይቷል።
ከ840 ሚሊየን ብር በላይ ትርፍ ማግኘቱን የገለጸው ሂጅራ ባንክ ይህም ውጤት ካለፈው አመት ጋር ሲነጻጸር 740% ጭማሪ ማስመዝገቡንና በዚሁ መሰረትም የባንኩ ጠቅላላ ROE 40% መድረስ መቻሉን ገልጿል።
የባንኩ ጠቅላላ ሀብትም በከፍተኛ ደረጃ በማደግ በ2024/25 የበጀት አመት ከ15 ቢሊዮን ብር አልፏል፤ ይህም ካለፈው አመት ጋር ሲነጻጸር 95.37% ጭማሪ አሳይቷል።
እንዲሁም የተቀማጭ ገንዘብ መጠን ወደ 12 ቢሊዮን ብር በማሳደግ 91.4%በመቶ ስኬታማ የእድገት ውጤት ማስመዝገብ መቻሉን ገልጿል።
ሂጅራ ባንክ በበጀት ዓመቱ 40 ሚሊዮን ዶላር ማግኘቱን ሲገልጽ፥ ይህም ካለፈው አመት ጋር ሲነጻጸር 304.5% በመቶ ጭማሪ ማስመዝገብ ችሏል።
ባንኩ የማክሮ ኢኮኖሚ ነባራዊ ሁኔታዎችን ተቋቁሞ ተደራሽነቱን በማስፋት 135 ቅርንጫፎችን መክፈቱን የገለጸ ሲሆን በ2024/25 የበጀት አመት 35 አዳዲስ ቅርንጫፎችን ለአገልግሎት ክፍት ማድረጉን አስታውቋል።
የደንበኞችን ብዛት በተመለከተ አዳዲስ ደንበኞችን በማፍራት ጠቅላላ የደንበኞቹን ቁጥር ወደ 931,148 ሲያሳድግ፥ ይህም ካለፈው ዓመት የደንበኞች ብዛት አንጻር 69.4%በመቶ የደንበኞች ጭማሪን ማሳየት ችሏል ብሏል።
ከዲጂታል አገልግሎቶች ጋር በተያያዘ የኦምኒ ፕላስ የሞባይል ባንኪንግ መተግበሪያ ተጠቃሚዎች ከ350 ሺህ በላይ መሆናቸውንና ይህም ካለፈው አመት ጋር ሲነጻጸር 141.86% እድገት ማሳየቱን ነው የገለጸው።
ባለፉት 6 ወራት ብቻ የሀላል ፔይ ዋሌት ተጠቃሚዎች ከ811 ሺህ በላይ የደረሱ ሲሆን ባንኩ ከመሰረታዊ የባንክ አገልግሎቶች በተጨማሪ ያለ ማስያዣ የፋይናንስ አገልግሎት መጠቀም የሚያስችል ኢ-ሙራበሃ የፋይናንስ አገልግሎትን በዋሌት በማስጀመር ስኬታማ ዓመት ማሳለፉን አስታውቋል።
ከ20.9 ቢሊዮን ብር በላይ ገንዘብ በዲጂታል በኩል ተንቀሳቅሷል ያለው ባንኩ ይህም ካለፈው ዓመት ጋር ሲነጻጸር 198.60% ዕድገት ማስመዝገቡን አስታውቋል።
አጠቃላይ ከተደረገው የገንዘብ ዝውውር 34.52% በዲጂታል መንገድ ሲሆን ይህም ካለፈው አመት ጋር ሲነጻጸር 10.68% እድገት አሳይቷል።
ሂጅራ ባንክ በ2024/25 የበጀት ዓመት የማህበረሰቡን ተጠቃሚነት ለማስቀደም በርካታ ተግባራትን ሲያከናውን ቆይቷል፤ ከእነዚህም ውስጥ ማህበረሰቡን ከባንክ ተጠቃሚነት ወደ ባንክ ባለቤትነት ለማሸጋገር ሰፊ የአክሲዮን ሽያጭ ማከናወኑ ተጠቅሷል።
እንዲሁም "ሀላል ፋይናንሺያል ሊትረሲ ፕሮግራም" በሚል ስያሜ የተለያዩ የማህበረሰብ ክፍሎችን ስለ ሀላል ፋይናንስ በማስተማርና ግንዛቤ በማስጨበጥ ላይ ሰፊ ስራዎችን ሲሰራ ቆይቷል።
ባንኩ ስራ ፈጣሪዎችን እና ታታሪ ወጣቶችን ለማበረታታት በማሰብ "ሲራራ አዋርድ" የተሰኘ የውድድር መድረክ በማዘጋጀት እና ማህበራዊ ኃላፊነቱን ከመወጣት አኳያ፣ ለተለያዩ የበጎ አድራጎት ተቋማት እና ለአቅመ ደካሞች ድጋፍ ሲያደርግም ቆይቷል።
ባንኩ፥ "ይህ ስኬታማ ውጤት የሂጅራ ባንክን ስትራቴጂክ አቅጣጫ፣ የደንበኞቻችን፣ የባለአክሲዮኖቻችን፣ የቦርድ ዳይሬክተሮቻችን፣ የሸሪዓ አማካሪዎቻችን፣ የማኔጅመንት አባላት እና የሰራተኞቻችን ዉጤት ነው።" ሲል ነው የገለጸው።
ካለፉት አመታት ካስመዘገበው ውጤት እጅጉን የጎላ ነው ሲል በገለጸው በዚህ ስኬት "በሀገሪቱ ከወለድ ነጻ ባንኪንግ ዘርፍ ያለውን ሰፊ እምቅ አቅም እና ዘላቂነት ዳግም ያረጋገጥንበት ዓመት ነው" ሲል አስታውቋል። #Tikvah
@PatternFin
Key Performance Highlights (FY 2024/25):
💰Profit (Pre-Tax): 9 billion birr, up from 3.32 billion birr in 2023/24 (an increase of ~170%)
💵Total Revenue: 14 billion birr, nearly double the 7.7 billion birr earned in the previous year
💸Paid-up Capital: >9 billion birr, increased from 7.45 billion birr in 2023/24
🏦Customer Deposits: Projected to surpass 50 billion birr, building on 43.61 billion birr in deposits a year earlier
#AKSION.ET
@PatternFin
💰Profit (Pre-Tax): 9 billion birr, up from 3.32 billion birr in 2023/24 (an increase of ~170%)
💵Total Revenue: 14 billion birr, nearly double the 7.7 billion birr earned in the previous year
💸Paid-up Capital: >9 billion birr, increased from 7.45 billion birr in 2023/24
🏦Customer Deposits: Projected to surpass 50 billion birr, building on 43.61 billion birr in deposits a year earlier
#AKSION.ET
@PatternFin
❤3
𝗜𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 𝘄𝗲𝗮𝗿𝘀 𝗡𝗲𝘁𝗲𝗹𝗮: 𝗘𝘁𝗵𝗶𝗼𝗽𝗶𝗮 𝘁𝗼 𝗕𝘂𝗶𝗹𝗱 𝗜𝘁𝘀 𝗢𝘄𝗻 𝗩𝗲𝗿𝘀𝗶𝗼𝗻𝘀 𝗼𝗳 𝗪𝗵𝗮𝘁𝘀𝗔𝗽𝗽, 𝗚𝗺𝗮𝗶𝗹, 𝗮𝗻𝗱 𝗭𝗼𝗼𝗺, 𝗖𝗶𝘁𝗶𝗻𝗴 𝗧𝗶𝗿𝗲𝗱 𝗼𝗳 𝗗𝗮𝘁𝗮 𝗟𝗲𝗮𝗸𝘀
The Information Network Security Administration (INSA) has unveiled that the country is actively phasing out international applications like Gmail, Telegram, and WhatsApp in favor of Ethiopian-developed alternatives. The move is part of a broader push to protect sensitive national data and reduce reliance on foreign-owned technologies that operate beyond Ethiopia’s legal and regulatory reach.
In an exclusive interview with Sheger FM, INSA’s sales expert, Eshetu, said the shift is not only about cybersecurity but also about national ownership of critical digital infrastructure. Among the flagship local platforms is “Ergamail”, a government email client currently deployed across federal institutions. For messaging and voice services, “Serkutni”, positioned as an Ethiopian alternative to WhatsApp and Telegram, is under implementation. For virtual meetings, “Debo”, another INSA-developed platform, is already being piloted.
Via #EBR
@PatternFin
The Information Network Security Administration (INSA) has unveiled that the country is actively phasing out international applications like Gmail, Telegram, and WhatsApp in favor of Ethiopian-developed alternatives. The move is part of a broader push to protect sensitive national data and reduce reliance on foreign-owned technologies that operate beyond Ethiopia’s legal and regulatory reach.
In an exclusive interview with Sheger FM, INSA’s sales expert, Eshetu, said the shift is not only about cybersecurity but also about national ownership of critical digital infrastructure. Among the flagship local platforms is “Ergamail”, a government email client currently deployed across federal institutions. For messaging and voice services, “Serkutni”, positioned as an Ethiopian alternative to WhatsApp and Telegram, is under implementation. For virtual meetings, “Debo”, another INSA-developed platform, is already being piloted.
Via #EBR
@PatternFin
The Central Bank of Russia plans to set the official exchange rates for 12 additional foreign currencies against the ruble, the regulator said.
The list of foreign currencies whose official exchange rates the Central Bank plans to set additionally against the ruble includes the taka, Bahraini dinar, boliviano, Cuban peso, Algerian dinar, Ethiopian birr, Iranian rial, kyat, tugrik, naira, Omani rial, and Saudi riyal.
The Central Bank will begin setting the official exchange rates of these foreign currencies against the ruble starting on July 10, 2025.
#Interfax
@PatternFin
The list of foreign currencies whose official exchange rates the Central Bank plans to set additionally against the ruble includes the taka, Bahraini dinar, boliviano, Cuban peso, Algerian dinar, Ethiopian birr, Iranian rial, kyat, tugrik, naira, Omani rial, and Saudi riyal.
The Central Bank will begin setting the official exchange rates of these foreign currencies against the ruble starting on July 10, 2025.
#Interfax
@PatternFin
Siinqee Bank S.C. to have an investment bank license, third of it's kind in Ethiopia
Siinqee Bank, a prominent player in Ethiopia’s banking sector over the past three years, has announced that it is awaiting regulatory approval to have the country’s third investment bank. If granted, this license will enable Siinqee Bank to expand its role in Ethiopia’s emerging capital market, marking a significant milestone in the nation’s financial sector development.
The bank’s president confirmed that all necessary documentation has been submitted to the Ethiopian Capital Market Authority (ECMA), and the institution is now awaiting a formal response.
#SiinqeeBank
@PatternFin
Siinqee Bank, a prominent player in Ethiopia’s banking sector over the past three years, has announced that it is awaiting regulatory approval to have the country’s third investment bank. If granted, this license will enable Siinqee Bank to expand its role in Ethiopia’s emerging capital market, marking a significant milestone in the nation’s financial sector development.
The bank’s president confirmed that all necessary documentation has been submitted to the Ethiopian Capital Market Authority (ECMA), and the institution is now awaiting a formal response.
#SiinqeeBank
@PatternFin
Safaricom CEO Peter Ndegwa took home KES 294.2 million ($2.2 million) in total pay for the year ending March 2025 — a record-breaking figure that underscores the telco's return to growth.
His earnings rose 17% from the previous year, thanks to a mix of salary, bonus, performance shares, and perks like housing or school fees. (#ቅምሻ)
@PatternFin
His earnings rose 17% from the previous year, thanks to a mix of salary, bonus, performance shares, and perks like housing or school fees. (#ቅምሻ)
@PatternFin
👍1
Awash Bank has announced the establishment of an investment banking subsidiary with an initial capital of 200 million Br, marking it as the third player in the budding capital markets sector.
Following record-breaking profits of 22 billion Br before tax in the 2024/25 fiscal year, the Bank wants to diversify income streams beyond the conventional interest-focused model.
#Fortune
@PatternFin
Following record-breaking profits of 22 billion Br before tax in the 2024/25 fiscal year, the Bank wants to diversify income streams beyond the conventional interest-focused model.
#Fortune
@PatternFin
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