Profits rose across Ethiopia’s commercial banks in 2023/24, with the industry reporting assets of nearly 3.3 trillion Br and deposits approaching 2.5 trillion Br. Loan growth, however, slowed under tighter Central Bank caps, with loan-to-deposit ratios averaging around 78pc. Read more → finance.addisfortune.news | Addis Fortune | Facebook

Profits rose across Ethiopia’s commercial banks in 2023/24, with the industry reporting assets of nearly 3.3 trillion Br and deposits approaching 2.5 trillion Br. Loan growth, however, slowed under tighter Central Bank caps, with loan-to-deposit ratios averaging around 78pc. Read more → finance.addisfortune.news | Addis Fortune | Facebook

#US supports Ethiopia’s push for maritime access; says is “very important” and should be pursued “through commercial means” and “peaceful, diplomatic contexts” The United States supports Ethiopia’s efforts to expand maritime access “through commercial means” and “through peaceful and diplomatic contetexts,” said Ervin Massinga, U.S. Ambassador to Ethiopia, who emphasized that the issue is critical given the country’s economic trajectory. “With the economy growing as quickly as it is,” and with f