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Banking and Finance

Ethiopia: Awash Bank Earns Top Honors as Ethiopia's Best Bank for the Third Year Running

Awash LogoAwash Bank is named the best bank in Ethiopia by Global Finance magazine for 2024, further solidifying its position among the top financial institutions on the African continent. This recognition places Awash Bank within the elite group of the 36 leading banks across Africa.

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Ethiopia: Financial Sector’s Loan Portfolio Reaches Birr 2.3 Trillion

NBE LogoGovernor Mamo Mehretu of the National Bank of Ethiopia (NBE) addressed the ongoing financial sector reforms at the 7th Annual East African Finance Conference in Addis Ababa. He revealed a significant rise in the loan portfolio of Ethiopian financial institutions, now standing at Birr 2.3 trillion.

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Ethiopia: National Bank Unveils Plans for New Bank Law and Granting Fintech Licenses

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Ethiopia's National Bank Governor, Mamo Mehretu, highlighted the transformative potential of digital financial services during a recent panel discussion on the Digital Ethiopia 2025 strategy review. His focus was on the upcoming changes driven by new regulations and increased competition.

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