Ethiopia opens to foreign banks
The National Bank of Ethiopia (NBE) issued a directive effective 25 June to allow international banks and foreign investors to apply for banking licences. This ends decades of isolation in which foreign banks were not allowed to compete in order to build the capacity of domestic banks. Foreign banks have been expressing interest in joining […]
Africa’s top bankers honoured at award ceremony
The best in African banking was celebrated recently at the 6th edition of the African Banker Awards, under the patronage of the African Development Bank and African Banker magazine, in Arusha, Tanzania.