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Wegagen Bank Reports Record Profits but Faces Shareholder Scrutiny Over All-Male Board

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Wegagen Bank posts a 73% profit surge to 3.85B birr, surpasses NBE’s paid capital target ahead of schedule. Shareholders call for gender diversity on its all-male board.

October 7, 2025
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Etenat Awol

Addis Ababa, Ethiopia

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Etenat Awol

Etenat holds a degree in Journalism and her master's in Public Relations. Previously, she served as a university lecturer and has five years of experience in communications, media, digital marketing, and consulting.

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