National Bank of Ethiopia

Ethiopia
AfDB invites Finance Minister Ahmed Shide to London

The Ethiopian finance minister is due in the British capital on 15 and 16 December for the 17th replenishment of the African Development Bank's concessional window, the African Development Fund.

Africa
Latest comings and goings at top of African Development Bank

Mamo Mihretu is expected to replace Beth Dunford as vice president at the AfDB, while Sidi Ould Tah has received approval from the board of directors for the appointment of his chief of staff.

Eritrea, Ethiopia
Abiy Ahmed powerless over reopening of Tigray-Eritrea border

The resumption of free movement across the country's northern border is beyond Addis Ababa's control. The federal government is trying to put a stop to both smuggling activities and the political rapprochement between Asmara and Mekele.

Ethiopia
French firms remain sceptical about pace of Abiy's reform programme

Exchange rate liberalisation, the main condition for Ethiopia to get an extended credit facility from the IMF, has not yet fully borne fruit. Foreign companies, already among the country's largest taxpayers, have to pay a high price for their foreign currency.

Ethiopia
Central bank sounds out foreign investors before opening up sector

The National Bank of Ethiopia has sent out a first draft of its directive on the criteria for access to the Ethiopian banking market. But this long-awaited reform is now being met with some reservations.

Morocco
Attijariwafa Bank to set up shop in Kenya

Well established in West Africa, the leading Moroccan bank is now looking to expand its footprint on the continent, starting with Nairobi.

Ethiopia
At the heart of IMF programme, Commercial Bank of Ethiopia under pressure

Ethiopia's largest bank is to receive almost $700m for a recapitalisation operation that comes with a complete overhaul of its risk management system. The introduction of environmental, social and governance standards into the country's banking sector as a whole is still in its infancy.

The New Guard
Mali, Morocco, Ethiopia

Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.

Mali Djiby Kebe flies the flag for the Air Afrique collective

Morocco Startupper Jaafar Elalamy plans to boost mobility intelligence

Ethiopia Anteneh Tesfaye Goite, self-taught and committed investor

Ethiopia
Commercial Bank of Ethiopia makes up lost ground on cybersecurity

The country's leading commercial bank has approached external consultants with a view to overhauling its IT security systems. This should also help prepare it for the arrival of foreign players in a sector that until now has been the exclusive preserve of Ethiopian concerns.

Ethiopia
Swiss investor cleared of 'financing terrorism' during Tigray conflict

All charges against Josua Gehrig, the Swiss owner of a farm in Ethiopia's Tigray region, have been dropped, two years after his arrest. He had attempted to transport a million birr in cash to pay his employees.

The New Guard
Senegal, Morocco, Ethiopia

Every Wednesday, Africa Intelligence spotlights a new generation of movers and shakers in business and politics.

Senegal Senegalese engineer Frédéric Zanklan takes charge at Eramet company

Morocco Ismael Belkhayat, serial start-upper

Ethiopia Dawit Abebayehu prepares his country's "ESG" strategy