Prime Minister Abiy Ahmed is working to open up the Ethiopian economy to foreign investments after decades of a ...

In many parts of Africa, because of the colonial legacy, state control of the financial services sector held back access to ...

Ethiopia transferred ownership of 10 state-owned companies to the government’s sovereign wealth fund as part of steps to ...

Siket Bank S.C. has announced a strong performance for the 2023/24 fiscal year, recording a net profit of Birr 1.54 billion and total assets of Birr 15.9 billion, reflecting a 30% growth. The bank's ...

A striking imbalance persists within Ethiopia's banking industry, where a mere 0.5% of borrowers hold nearly three-quarters of all loans, while the agricultural sector continues to be marginalized in ...