Radar | Aug 04,2024
May 3 , 2023
Ethiopia's central bank has announced a partnership with financial technology firms to develop and implement a regulatory framework for movable collateral and non-collateral loans to support micro, small, and medium enterprises (MSMEs). According to Vice Governor of the National Bank of Ethiopia (NBE), Solomon Desta, the Bank is actively working on the infrastructure to facilitate this initiative.
A panel discussion focused on digital lending was held at the Hyatt Regency Hotel on Africa Avenue (Bole Road). The event is expected to address strategies for overcoming barriers to financial inclusion in Ethiopia and beyond.
Last year, the central bank facilitated 3.6 billion Br in non-collateral loans to MSMEs, which marked a fourfold increase from the previous year. The authorities aim to extend financial access to 70pc of the population by 2025, said Solomon.
Experts are urging banks to broaden their financial services to traditionally underserved sectors, such as farmers. The primary reasons for banks' reluctance to support these groups include the lack of digital infrastructure, limited data, and an imbalance of risks and costs.
Radar | Aug 04,2024
Editorial | Jun 07,2020
Fortune News | Feb 19,2022
Fortune News | Jan 23,2021
Radar | Nov 05,2022
Viewpoints | Nov 07,2020
Commentaries | May 31,2025
Radar | Dec 24,2022
Editorial | Aug 14,2021
Radar | Apr 10,2021
My Opinion | 131980 Views | Aug 14,2021
My Opinion | 128369 Views | Aug 21,2021
My Opinion | 126307 Views | Sep 10,2021
My Opinion | 123925 Views | Aug 07,2021
Jul 5 , 2025
Six years ago, Ethiopia was the darling of international liberal commentators. A year...
Jun 28 , 2025
Meseret Damtie, the assertive auditor general, has never been shy about naming names...
Jun 21 , 2025
A well-worn adage says, “Budget is not destiny, but it is direction.” Examining t...
Jun 14 , 2025
Yet again, the Horn of Africa is bracing for trouble. A region already frayed by wars...
Loading your updates...