As the ceasefire signed between Ethiopia’s federal government and Tigray rebels continues to hold, hopes for reform of the country’s hitherto state-driven economy — including its banking sector — remain dependent on macroeconomic stabilisation, writes John Everington.
With the recent election of reformist prime minister Abiy Ahmed Ali, Ethiopia’s economy is set to liberalise after 27 years of state monopoly, opening up one of Africa’s fastest growing and underbanked markets to foreign investors. Charles Wachira reports.
While The Banker's Top 1000 World Banks ranking published every July gives an insightful and unique snapshot of the state of the global banking market, our ranking of those banks featuring just below the ranking gives an excellent indication of the way in which the market is heading, and which countries and regions are on the rise.