Moves to liberalise Ethiopia’s banking sector and create greater central bank policy credibility are pushing the country up the agenda of foreign banks in search of new markets.

What are the objectives of the IMF-backed economic program? The program supports the authorities’ Homegrown Economic Reform Agenda, a comprehensive policy package to stimulate private sector activity ...

Over the past year, Ethiopia—Africa’s second most populous country—has embarked on a comprehensive transformation of its monetary and exchange rate regimes. After decades of tight control, the country ...

The World Bank's latest assessment on poverty and equity in Ethiopia forecasts that poverty will increase to 43% by 2025, up from 33% in 2016 (measured at $3 per day, 2021 PPP).After making ...

ADDIS ABABA, Ethiopia--(BUSINESS WIRE)--Oromia Bank (www.oromiabank.com) has selected CR2 (www.CR2.com), one of the world’s leading software vendors in the digital banking and payments market, to ...

Ethiopia has formally opened its banking sector to international investors for the first time, marking the most major change to its financial system in decades. ・Ethiopia opened its banking sector to ...

A series of conflicts along with climate related shocks have severely impacted millions of Ethiopians, jeopardizing the economic and social development progress the country has achieved in recent ...

Registration of internally displaced persons in an urban area in partnership with Ethio-telecom during a targeted campaign by NIDP. Ethiopia’s Digital ID (Fayda) is closing the gender gap, empowering ...

Fintech giants pawaPay, Zuri Health and Flutterwave are gearing up to enter Ethiopia this year, eyeing strategic acquisitions or organic growth as market liberalisation sparks competition. Beating ...

Mamo Mihretu, the top lieutenant responsible for executing Prime Minister Abiy Ahmed’s ambitious economic reforms since 2018, is stepping down from his role as governor of Ethiopia’s central bank. The ...

Facepalm: Customers of Ethiopia's largest bank had a nice surprise this week when a glitch allowed them to withdraw unlimited funds. More than $40 million was withdrawn from the state-owned Commercial ...