Ethiopia

Ethiopia: WHO’s Tedros speaks out on murder of his uncle in Tigray

At the height of the Covid-19 pandemic, the WHO boss Tedros Adhanom Ghebreyesus achieved celebrity status, which is rare among international ... civil servants. His updates on the spread of the virus made headlines worldwide and he hosted figures as diverse as Emmanuel Macron and Lady Gaga to boost the fight against it. His remarks on the Tigray civil war, however, were not always warmly received in his home country Ethiopia. Even so, his latest comments on Tigray show how close to home the conflict has become for him.

Ethiopia, a new El Dorado for African bankers?

A market of more than 100 million inhabitants, where only one-third of those over 25 have a bank or mobile finance account (compared to an average ... of 58.5% in sub-Saharan Africa and 79.5% in neighbouring Kenya). An economy where one public institution, Commercial Bank of Ethiopia (CBE), alone manages 55% of outstanding credit. A banking industry so inefficient that its costs absorb 56% of its revenues, but where the return on assets is four times higher than that of Moroccan banks…