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Addis Fortune Weekly Digest Vol. 25, No. 1293

Welcome to Addis Fortune's digest on critical developments impacting Ethiopia’s business and economic spheres. A critical audit of the Investment Commission reveals widespread mismanagement and demands parliamentary action. Oromia Bank has implemented a rotating chairmanship amidst declining profits, raising concerns about stability. Road construction projects are plagued by delays and suspensions due to compensation disputes, budget shortfalls, and contractor incompetence. Flour millers are struggling under the weight of high taxes, restricted credit, and logistical hurdles. Finally, Hibret Bank reports growth in assets and deposits, but faces thinner margins and a concerning surge in credit, prompting a focus on cost control and risk management.

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