Pan-African Ecobank Transnational Incorporated (ETI) has opened its first Ethiopian branch in the Yerer Ber district in Ethiopia’s capital city.
The bank expects to see a spike in revenue after a rise in trade across African countries as the continent grows its economy and upgrades its infrastructure.
As African Review reports: “The new branch aims to give ETI a head start in marketing its pan-African services to overseas businesses and other banks in the region before possible banking deregulation, the bank’s CEO Thierry Tanoh, stated.”
“Ethiopia has emerged as one of Africa’s most exciting new markets and is forecast to be the world’s third-fastest-growing economy between 2011 and 2015, behind only China and India,” Tanoh said.
Read the full story at African Review.
Photo by Sam Effron.
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