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Spotlight | Ethiopia
Ethiopian banks under pressure as foreign competition looms

The Commercial Bank of Ethiopia headquarters in Addis Ababa on 13 February 2021.
The Commercial Bank of Ethiopia headquarters in Addis Ababa on 13 February 2021. © Amanuel Sileshi/AFP
The liberalisation of the exchange rate for the birr last month has shaken up the banking sector. The country's 32 banks will now have to adapt to the arrival of new lenders and some may not survive. [...]
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  2.  Eastern Africa and the Horn 
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