United Overhauls Management Strategy

Feb 9 , 2019


[ssba-buttons]

United Bank, one of the 16 private banks, has announced that it has launched its long-term strategic road map, becoming the fifth private bank to initiate the same strategy. The Bank hired Deloitte Consulting to redesign a 12-year management strategy, Strategy 2030, for an estimated cost of 21 million Br to 25 million Br. The global consulting firm took 10 months to prepare the strategy. In the road map, the Bank, established in 1998 and currently operating more than 244 branches, aspires to become one of the top five private banks in East Africa. The Bank decided to revise the strategic plan to capitalise on the growth opportunity that has presented itself in Ethiopia and the positive economic developments happening regionally and globally, according to the statement from the bank. The strategic document has undergone different draft approval processes by management and the board of directors and was finally approved for implementation with the goal of achieving regional prominence by 2030, according to the statement.


Radar

Ethiopia Unveils Consortium to Insure Millions of Farmers

Ethiopia has launched its Agricultural Insurance Consortium (AICE), pledging to protect three million farmers by 2026. Announced on July 3, 2025, at the Hyatt Regency, the initiative is backed by Pula Advisors and five major Ethiopian insurers. AICE plans to promote climate resilience through insurance bundled with the government's input voucher system. Leveraging AI platforms like Mavuno and PIE, it plans to standardise products, lower costs, and expand coverage to over 200 woredas. With agricu...


Radar

New Coopbank Partnership Targets Youth Economic Empowerment

The Cooperative Bank of Oromia (Coopbank) has signed a strategic agreement with Melka Ethiopia to provide loan services to over 120,000 young men and women nationwide. The partnership plans to promote youth economic empowerment by expanding access to finance and creating jobs, with a strong focus on rural and underserved areas. Both institutions held joint discussions to explore ways to improve youth livelihoods and financial inclusion. By closing access gaps, the partnership is expected to help...


Radar

Ethiopian Netpreneur Program Training Kicks Off

The Ethiopian Netpreneur 2025 Training Program has officially launched its first cohort in Addis Abeba with 64 entrepreneurs beginning their first round of training. Organised by the Global Digital Talent Academy, the initiative plans to empower local business owners, startup founders, and digital sector players with global-level e-commerce skills. At the launch event, Innovation and Technology Minister Belete Mola (PhD) urged participants to leverage the opportunity to build networks and shape...