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20/80 condominium lottery held for 2605 houses on June 09, 2018 in Addis Ababa, condominium prices (per SQM) stay the same as 11th round winners
20/80 condominium lottery held for 2,605 condominium units on June 09, 2018 by Addis Ababa Housing Development & Administration Agency (AAHDAA) in the Presence of Dirba Kuma. It was stated that the price per square meter (SQM) will state the same as 11th round condominium winners
Amhara Bank S.C Starts Selling Shares
A new bank, Amhara Bank S.C, has started selling shares. The whole process of establishing the...
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Nine Thousand 40/60 Condominiums to be transferred shortly
Around 9,000 40/60 condo houses between one and three bedrooms will be transferred in the next...
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Zad Bank, a New Islamic Bank Starts Selling Sharing
Zad Bank Share Company, which is the third Islamic bank under formation, began selling shares to...
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Gadaa Bank raises over 250 million birr
Gadaa Bank Sc. which is under formation, raised over 250 million birr since it began selling...
Read More![Most Profitable Ethiopian Private Banks for 2019 / 2018 Fiscal Year [Estimates]](https://addisbiz.com/wp-content/uploads/ethiopian-banks-profit-earning-2019-2018-addisbiz-2-627x376.jpg)
Most Profitable Ethiopian Private Banks for 2019 / 2018 Fiscal Year [Estimates]
While the previous budget year closed for most Ethiopian Banks, not all banks have disclosed their...
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Three Private Banks Earn 1 billion Birr Gross Profit for the first time for 2019 / 2018 fiscal year
Three private banks passed the 1 billion birr mark in gross profits for the first time namely...
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ZemZem Bank starts selling shares
ZemZem Bank, whose formation was aborted seven years ago following issues with the central bank, has been resurrected and has restarted its formation process.
The founders of the Bank, who lobbied for the establishment of a full-fledged interest-free bank in Ethiopia, have submitted a letter to the National Bank of Ethiopia to reinstate the formation process.
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Gedaa Bank, still under formation, starts selling shares
Gedaa Bank, still under formation, has started selling shares after getting approval from the National Bank of Ethiopia (NBE).
Gedaa offered the shares for a public subscription three weeks ago and has sold 50 million Br worth of shares as of last weekend. Gedaa, which aims to raise half a billion Birr in the next six to nine months, has a subscription capital of two billion Birr.
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