Addis Ababa, Ethiopia (18 July 2022) Ethiopia’s 20th private bank, Ahadu Bank, officially opened its doors on July 16, 2022. As per Walta (WMCC), the bank did so after obtaining around 10,000 signatories and raising Br564million in paid-up capital out of its Br702million subscribed capital. In compliance with the recent banking proclamation requiring Br5 billion…...

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