Friday, May 2, 2025

Ethiopia Economy: Renewed Hope for African Bankers?

By our Correspondent

There are new possibilities in a market of more than 100 million inhabitants, where only one-third of those over 25 have a bank or mobile finance account (compared to an average of 58.5% in sub-Saharan Africa and 79.5% in neighbouring Kenya). It’s an economy where one public institution,

READ MORE: ECOWAS, Spain Sign MoU Worth €1.4 Million as Support for Gender, Agriculture and Sustainable Energy

Commercial Bank of Ethiopia (CBE), alone manages 55% of outstanding credit. A banking industry so inefficient that its costs absorb 56% of its revenues, but where the return on assets is four times higher than that of Moroccan banks…

And long closed to foreign players, the Ethiopian banking sector is, undoubtedly, one of the most interesting for investors and banking institutions active in Africa.

Hot this week

Ambassador Mark Idiahi Launches Initiative to Shape Africa’s Future Leaders

Ambassador Mark Idiahi has launched the "Face of African...

Ambassador Mark Idiahi Launches Initiative to Shape Africa’s Future Leaders

Ambassador Mark Idiahi has launched the "Face of African...

WAG Urges Women To Strategise For Greater Representation In Governance

Founder Women Aligned for Growth (WAG), Dr. Ifeyinwa Nwakwesi...

Stark Pages Initiative Launches Literary Students Program to Inspire Young Writers

The Stark Pages Creative and Literary Arts Initiative, a...

Ozoya Football Foundation Kicks Off a New Era with Charitable Initiative in Edo State

The Ozoya Football Foundation is making waves in Nigerian...

After Two Years of War, Sudan’s Military Secures Key Victory in Khartoum

Sudan’s military has recaptured the Republican Palace in the...

29 Internet Fraudsters Jailed in Benin as Nigeria Deepens Cybercrime Crackdown

Justice has caught up with 29 internet fraudsters in...

Related Articles

Popular Categories