Amhara

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Ethiopia has signed a peace agreement between the Amhara Regional State Government and the Amhara Fano Popular Organization (AFPO), brokered by the African Union and IGAD. This marks the first formal accord since the conflict erupted more than two years ago. Regional officials view it as an essential opening for relief and security, but analysts warn its impact may be limited without addressing broader grievances in Addis Ababa.

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Amhara Bank reported a pre-tax profit of 1.15 billion birr in the first five months of the current fiscal year, reversing a previous loss. This turnaround stems from strategic efforts in wealth accumulation, digital transformation, and careful credit management.

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Fano Resistance Increases in Amhara Region

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