Ethiopia Building Strong Financial Sector to Drive Sustainable Growth, Says Central Bank Governor
Ethiopia's Central Bank Governor, Eyob Tekalign, announced plans to strengthen the nation's financial sector to support sustainable economic growth. The strategy includes increasing capitalization, encouraging mergers, and allowing foreign bank participation to mobilize resources for development.
Why it matters
Financial sector reform is critical for Ethiopia's long-term economic stability and its ability to fund large-scale infrastructure and development projects.
አማርኛ ትግርኛ Afaan Oromoo Af‑Soomaali Qafar Afa English Français عربي Politics Social Economy Sport Technology Environment Feature Videos About Us Ethiopia Building Strong Financial Sector to Drive Sustainable Growth, Says Central Bank Governor 🔇Unmute Addis Ababa, September 29, 2026 (ENA) — Ethiopia is building a strong and vibrant financial sector to support the country’s development ambitions and sustainable economic growth, National Bank of Ethiopia (NBE) Governor Eyob Tekalign said.
Briefing the media on the sidelines of the second Ethiopia Finance Forum that opened today, the Governor noted that successful implementation of the country's development strategy requires significant resource mobilization, particularly financial resources to support investment and development.
Therefore, the banking sector is being positioned to play a greater role in this process through increased capitalization, mergers and acquisitions, additional financing and participation of foreign banks.
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