Ethiopia’s central bank is working on a plan to fully open the country’s banking system to foreign investment, governor Mamo Mihretu tells The Africa Report.

Reforms in Ethiopia’s financial sector have attracted considerable interest, with several Kenyan banks keen to invest. The ...

KCB Group plans to acquire a stake in an Ethiopian bank as part of its expansion strategy. The investment depends on regulatory approval in Ethiopia’s evolving banking framework. The Kenyan lender ...

As Ethiopia prepares to open its banking sector to international competitors, local institutions face the biggest overhaul in the industry’s modern history. After decades behind high regulatory walls, ...