Latest Finance & Capital Markets news, analysis, market updates, and Ethiopia-focused business reporting from Aksion.ET, Ethiopia's capital market intelligence platform.
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Ethiopia has approved a proclamation allowing foreign banks to enter the market. This marks a strategic shift toward global financial integration and modernization after decades of restrictive policies.

Ethiopian insurance companies reported significant dividend growth in the 2023 to 2024 fiscal year, while banks saw slight declines. The National Bank's loan cap policy heavily impacted banking performance.