Stephen Timewell reports from Addis Ababa on how the privatised institutions are snatching market share from the state banks.
The financial sector in Ethiopia is slowly changing as the six private banks aggressively grab market share from the state-owned monolith, Commercial Bank of Ethiopia (CBE). But challenges abound and serious concerns exist – not only about the drought and the state of the economy but also about the overall pace of reform, entrenched attitudes from Ethiopia’s socialist past and the ability to achieve sustainable development.
