Search

Ethiopia’s Digital Banking Boom Faces Cash Reliance Hurdles

Allen dreyfus Logo
© Allen Dreyfus
  • Digital transactions grow 90% but cash remains dominant in Ethiopia.
  • Analysts call for behavioural shifts to align with cashless economy goals.

Addis Ababa, Ethiopia – The Commercial Bank of Ethiopia (CBE) reported that digital transactions totalled $42.7 billion in the past six months, reflecting a 90% growth compared to the same period last year.

Recent Business

African map. Photo by Joachim Schnürle @ Pixabay
Can Africa really have one central bank by 2026?
Read More »
Musanze, Rwanda. Photo by Dieuvain Musaghi @ Unsplash
Rwanda inflation ticks up to 7.2% as food insecurity and import costs bite
Read More »
Highway Photo @ Pixabay
Ethiopia secures $184mn AfDB grant to plug key gap on Djibouti trade corridor
Read More »

Recent Politics

African military exercise. Photo by Alexander McKinley @ Unsplash
Can a US-brokered deal finally end the DRC - Rwanda conflict?
Read More »
Patrice Talon, President of Benin Photo @Patrice Talon/Facebook
Benin coup attempt foiled as ECOWAS warns of regional force deployment
Read More »
William Ruto, President of The Republic of Kenya. Photo: @ William Ruto/Facebook
Ruto strengthens 2027 re-election bid as UDA sweeps key Kenya by-elections
Read More »

Latest Posts

Latest news insights