Ahadu Bank has secured a semi-finished high-rise building in the Mexico area of Addis Ababa, marking a major milestone for the young lender as it expands its presence in Ethiopia’s banking sector. The bank also launched two new mobile applications — Ahadu Le Kulu for retail customers and Mahder for MSMEs — as part of its push into digital banking.
Sources told Capital that the acquired property reportedly consists of two basement levels and 15 upper floors. Sources said Ahadu Bank emerged as the highest bidder in an auction conducted by Nib International Bank on May 21, 2026, and that the bid has since been accepted.
The acquisition is expected to provide the bank with its own high-rise headquarters and support its long-term growth ambitions.
At the same time, Ahadu Bank unveiled Ahadu Le Kulu, a retail banking app developed entirely in-house by the bank’s technology and software team. Board Chairman Anteneh Sebsibe said the app reflects the bank’s motto, “From the Many to the Many,” and is designed to bring a full range of banking services directly to customers’ hands.
He said the app allows users to self-register without visiting a branch, check account information, transfer funds, manage daily cash flow and make payments from anywhere at any time.
A notable feature of the app is its artificial intelligence capability, which analyzes user behavior and displays frequently used services more prominently on the dashboard. The app also generates weekly spending reports and financial analytics to help customers budget more effectively.
Ahadu Bank said security was a core consideration in the design of the platform. The app was built in line with international cybersecurity standards and includes modern fraud-prevention systems intended to protect customer data and guard against cyber threats.
Alongside the retail app, the bank also launched Mahder, a platform tailored for micro, small and medium-sized enterprises. The app serves as both a digital vault and an operational tool, with an integrated digital cash book that helps business owners track sales, expenses and overall performance from their smartphones.
