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Ethiopia’s Digital Banking Boom Faces Cash Reliance Hurdles

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Michael Masrie

Michael Masrie is an Ethiopian journalist and analyst specializing in political economy, geopolitics, diplomacy, and international affairs.
  • 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.

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