Ethiopia Economy: Renewed Hope for African Bankers?

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Ethiopia Economy: Renewed Hope for African Bankers?
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,

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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.

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