Radar | Jun 14,2026
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.
Fortune News | Aug 02,2025
Commentaries | Jul 17,2022
Radar | Nov 20,2023
Radar |
Editorial | Dec 14,2024
Photo Gallery | 190710 Views | May 06,2019
Photo Gallery | 180462 Views | Apr 26,2019
Photo Gallery | 177135 Views | Oct 06,2021
My Opinion | 142828 Views | Aug 14,2021
Jul 4 , 2026
In the goldfields of the Benishangul-Gumuz Regional State, Ethiopia's balance-of-paym...
Jun 27 , 2026
The federal legislative house rushed through one of the country's most contentious ho...
When Parliament takes up the appropriation bill, federal legislators will receive a d...
Jun 13 , 2026
The recent policy decision to fully open freight forwarding to foreign capital may be...
Loading your updates...