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 ...

NAIROBI, Kenya (AP) — Ethiopia’s biggest bank is reportedly attempting to recover more than $40 million after a technical glitch allowed customers to withdraw more than they had in their accounts.

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, ...

Ethiopia’s ongoing discussions with the International Monetary Fund and the World Bank may lead to $10.5 billion of funding, Prime Minister Abiy Ahmed said. “We have been negotiating with the IMF and ...

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. NAIROBI, Kenya (AP) — Ethiopia’s biggest ...