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Discover opportunities at Ethiopia's leading financial institutions
The Development Bank of Ethiopia is a specialized financial institution established to promote the national development agenda through development finance and close technical support to viable projects from the priority areas of the government.
Akufada Micro Finance Institution S.C is a share company registered by the National Bank of Ethiopia according to Micro-Financing Business Proclamation No. 626/2009 and (amendment) proclamation No. 1164/2019. Its business license was issued on 01/08/2022 with license number MFI/055/2022 and officially it has been started its operation on October 22/2022. It is established to provide financial and non-financial products to active poor and missing middle income society through affordable loans, savings and micro insurance services in order to contribute its share for the development of the national economy. Akufada Micro Finance institution head office is located in Debre Birhan city administration. Now days, Akufada Microfinance Institution is a rapidly growing financial institution with a strong presence in the country. With a collected deposit of 1.5 billion birr and disbursed loans amounting to 1.3 billion birr as March 31/2024 report, Akufada has demonstrated its commitment to providing financial services to the community. Currently, the paid up capital of the institution has reached 101 million. The institution’s expansion is evident through the establishment of 42 branches which signifies its dedication to reaching and serving a wide customer base. With an impressive customer base of 85,036, Akufada has successfully gained the trust and confidence of a significant number of individuals and businesses. As Akufada Microfinance Institution is currently in the implementation and testing stage of deploying core banking technology, it is evident that the institution is committed to leveraging modern technology to enhance its operations and improve customer service. This strategic move reflects Akufada’s dedication to staying at the forefront of financial innovation. Akufada MFI, one of the newest microfinance institutions in Ethiopia, announced that it is in the final stages of procuring its Core Banking and Digital Banking Systems. The systems will enable the institution to offer a range of products and services to its customers, such as savings, loans, insurance, remittances, mobile banking, and Internet banking. Overall, Akufada Microfinance Institution’s impressive growth, strong customer base, and investment in modern banking technology position it as a significant player in the financial sector, poised for continued success and positive impact on the community.
Liyu Microfinance Institution S.C (LMFI), formerly known as Specialized Financial and Promotional Institution (SFPI) began operations in June 1998, after receiving a business license from the National Bank of Ethiopia (NBE) in November 1997. According to Ethiopian legislation, LMFI was established as a share company and licensed to deliver microfinance services all over the nation. The Institution was founded by five shareholders with paid-up capital of ETB 200,000 and subscribed capitals ETB 800,000 to provide both financial and non-financial services in an effort to combat poverty. Currently, the number of shareholders progressively increased to 11 while the share capital of the company reached 75 million, and the legal reserve now stands at 5.6 million. LMFI began operating in Addis Ababa with 4 fully functional branches and gradually expanded its financial services over 3 regions namely Oromia, Amhara, and Central Ethiopia National Regional States, as well as one city administration, Addis Ababa. LMFI managed to reach 30 branch offices and 14 sub branch offices out of which 10 branch offices are operating in Addis Ababa city administration while 15, 3 and 2 are operating in Oromia, Amhara and Central Ethiopia Regional states, respectively. In terms of sub branches, 11 are in the Amhara national regional states, and the remaining 3 is in Oromia region. Bringing over 26 years of expertise in the microfinance sector, LMFI continues to provide tailored credit to its target market, including Women Entrepreneurs, Small and Medium Enterprises (SMEs), Micro and Small Enterprises (MSEs), smallholders, and other individuals engaged in income generating activities . The institution accepts deposits from the public and while also offering micro insurance services in accordance with National Bank of Ethiopia directives for group guarantee loans.
Hibret Insurance aims to be the best insurer in Ethiopia that is committed to a high standard of excellence.
Awach SACCOS Ltd. is a legally registered and recognized organization in the Federal Democratic Republic of Ethiopia (registration number 147/98), and it was re-registered on October 25, 2021 G.C, by the Federal Cooperative Agency (FCA) with registration number 005/09 to work all over Ethiopia. It is a saving and credit cooperative established on March 22/2007 G.C. in Arada Sub-city by Mr. Zerihun Sheleme, visionary founder and chief executive Officer, with 41 (33 women and 8 men) initial members.
Sheger Finance and Credit Cooperative Society Pvt. Ltd. is a cooperative society established by members of the society who aim to be a strong player in the economic sector regarding the current state of the country's economy, to meet the necessary financial needs as well as to solve the problems of money management and management jointly. The association in 2009 to establish cooperative societies. It was established on March 4, 2013 according to the Decree No. 985/2009 and It is a legally recognized association in Addis Ababa.
Africa Village Microfinance became the very first Microfinance to be transformed by the National Bank of Ethiopia from non-regulated to regulated entity. It was founded in Ethiopia in November 1998 under the NBE proclamation No.40/96. Africa Village Microfinance S.C is member of Association of Ethiopian Microfinance Institution (AEMFI) that provide responsible financial services that enable entrepreneurs and small business owners to invest in their future. With more than 24 years of experience, the AVMF is committed to delivering services that contributes to sustainability and social impact. It allows people specially women to take on reasonable small business loans safely, in a manner that is consistent with ethical lending practices. In general, AVMF provides financial services to low income individuals, groups, cooperatives, and micro and small enterprise (MSE) operators. The objective was to create self-employment opportunities to women to generate income and there by improve their quality of life. As a share Company AVMF is governed by Board of Directors.
Harbu MFI is legally organized as a financial service provider, a tax identification Number 0001886308. Share Company registered by the National Bank of Ethiopia through trade registration number 06/02/11346/97 & trade license by City government of Addis Ababa Trade and Industry Development Bureau by principal Registration No. BL/AA/3/0004631/2006.
Welcome to KefetaMicrofinance, your gateway to financial empowerment and growth! At KefetaMicrofinance, we are dedicated to making a positive impact on individuals and communities by providing accessible and innovative microfinance solutions. Whether you’re an aspiring entrepreneur looking for startup capital, a small business owner seeking to expand, or someone simply striving to achieve your financial goals, KefetaMicrofinance is here to support you on your journey to success. Explore our range of tailored financial services and join us in building a brighter financial future together.
Aggar Micro Finance Share Company (AMFSC) is the first commercial private microfinance licensed in line with NBE regulation on March 18/2004 and started operation in April 2004. It was initiated by few enlightened individuals to address the “missing middle” as often called the MSE’s. The founders envisioned to address both social and profitability objectives. Aggar was established by 443 shareholders with paid up capital of Birr 4,243,600.00. Currently its shareholders grew to more than 830 and its paid up capital is more than 370.4 million.
The Bank Group 10-Year Strategy of the African Development Bank Group 2024-2033 rests on a foundation of optimism about Africa’s potential to transform societies, economies, and the lives of the people of the continent for the better. Over the past two decades, Africa has got many of the fundamentals right, enjoying its most sustained period of economic growth and bringing about steady improvements in people’s lives. Over the next decade, Africa can create sustained growth, drive transformation, and contribute towards critical global solutions. Its progress will be driven by its unique assets: a young and dynamic workforce, growing urban consumer markets, integration of national economies, huge clean energy potential and extensive natural resource wealth. Africa’s population is the youngest and fastest growing in the world presenting the continent with an unparalleled demographic window of opportunity. By 2030, the continent will have 477 million young people between the ages of 15 and 35, constituting a potential workforce for transforming Africa and the world. The Strategy outlines the vision of an Africa that is prosperous, inclusive, resilient and integrated. This vision is supported by twin strategic objectives: accelerating inclusive green growth and driving prosperous and resilient economies. While pursuing these twin objectives, the Bank will ensure sustainability by balancing the environment, equity, and economy. The mission of the Bank adopted 60 years ago remains relevant – to promote the sustainable economic development and social progress of regional member countries, both individually and jointly. Meeting the needs of regional member countries remains the Bank’s core focus. The Bank’s primary contribution to this vision and mission is its High 5 operational priorities, which combine the critical priorities outlined by African countries with the Bank’s core strengths as a partner in delivering high-quality, transformative investment projects and programmes.
Lion International Bank (LIB), established on October 2, 2006 G.C and went operational on 6, January 2007 having 3,739 founding shareholders, subscribed capital of Birr 432.5 million and paid-up capital of Birr 108.2 million. Currently, LIB has over 12,000 shareholders, and over Birr 2.5 billion paid-up capital. The bank’s total asset has reached over Birr 32 billion, mobilized a total outstanding deposit of Birr 25 billion and granted a total outstanding loan of over 23 billion to customers. Having 278 branches across the country, the bank is able to attract and retain over 1.4 million customers. Lion International Bank has also created job opportunities for 2,753 individuals at various capacities. LIB is the frontier financial institution in the introduction and provision of late hour service until 7:00 PM and provision of agency banking digital service to the economy through Anbesa HelloCash platform. At present, the bank has over 3,400 Anbesa HelloCash agents and about 637,000 agent banking customers. It is also providing state of the art mobile, internet and card banking services. Our Card banking, Mobile banking, and Internet banking users have reached to 204,000, 301,000 and 2,000 respectively.