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Addis Ababa University College of Business and Economics Department of Accounting and FinanceChallenges and Prospect of EBanking in Ethiopia By Mattewos KinfeA Research Project Submitted to Partial.

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Currently, the Ethiopian financial sector consists of 3 public banks1 including the Development Bank of Ethiopia (DBE), 16 private banks, 14 private insurance companies, 1 public insurance company, 31 microfinance institutions and over 8200 Saving and Credit Cooperatives (SACCOs) in both rural and urban areas.

It is to be recalled that the Ethiopian Capital Market Authority (ECMA) was established after a consultation organised in June 2022 by the National Bank of Ethiopia. NBE issued the Capital Markets Proclamation No.

Ethiopia's exports are almost entirely agricultural. Coffee is the primary foreign-exchange earner; other exported products include khat, hides and skins, live animals, oilseeds, and gold.

Economy of Ethiopia Trade organisationsAU, AfCFTA, COMESA, IGAD, WTO (observer), G24Country groupDeveloping/Emerging Low-income economyStatisticsPopulation124,786,961 (2022)GDP$126.18 billion (nominal, 2023 est.) $379.298 billion (PPP, 2023 est.)12 more rows

The financial sector in Ethiopia consists of formal, semiformal and informal institutions. The formal financial system is a regulated sector which comprises of financial institutions such as banks, insurance companies and microfinance institutions.

Despite being one of the four largest economies in the sub-Saharan region and with the second largest population in Africa, Ethiopia has not had a single stock market so far.

In the Ethiopian context formal financial sector includes National Bank of Ethiopia (NBE), commercial banks (owned by private and public), Development Bank of Ethiopia (DBE), credit and savings cooperative, insurance companies (both public and private) and microfinance (MF) institutions (owned by regional governments, ...

The four main financial markets are the share or equity market, the fixed interest or bond market, foreign exchange market, and the derivatives market.

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