Right here is where we dig deep.
It is clear that the central bank is not too pleased with the number of commercial banks. Its officials hardly ever pass up the chance to encourage or caution banks to consider mergers and grow their capacities. Their rationale is that banks have to brace themselves for possible competition with foreign banks when the sector eventually ...
So far, the Association of Ethiopian Digital Finance Practitioners has been formally established. The association is formed by alumni of Digital Frontiers Institute which has trained over 500 people in Ethiopia in various disciplines. Another lobby group, the Ethiopian Fintech Association was conceived over two years ago and is expected ...
In terms of overall economic growth, Ethiopia is going forward. It’s among the top 10 largest African economies, exhibiting consistent annual growth. A population of 120 million people, it represents a significant opportunity for digital and financial service providers. Yet, the fintech industry in Ethiopia remains nascent. Let’s see ...