Financial sector reforms yield tangible results, says bank governor

Ethiopia's National Bank Governor Dr. Eyob Tekalgn stated that development efforts in the financial sector are yielding tangible results. This remark came during the Invest Africa 2026 forum in Addis Ababa. The Minister of Labor and Skills also emphasized the need for commitment in knowledge and skills.

During the Invest Africa 2026 forum held in Addis Ababa on March 3, 2018 (Fana BC), National Bank of Ethiopia Governor Dr. Eyob Tekalgn stated that development works in the financial sector's economic growth are yielding tangible results.

The forum focused on opportunities to strengthen East Africa's trade and investment capacity into usability. Dr. Eyob Tekalgn noted that Ethiopia is working to bring structural changes through the implementation of domestic and macro-economic reforms. He explained that in the reform process, learning from various countries, the results of economic growth in the financial sector are emerging.

Recognizing Invest Africa as an established market center from previous events, officials noted Ethiopia's readiness to utilize the opportunity. Minister of Labor and Skills Mufuriat Kamil responded that the era requires commitment to make the country effective with knowledge and skills. They disclosed that works are being undertaken to mobilize youth power and utilize the sector's capacity.

The forum was attended by high-level government officials, heads of international organizations, alumni, and job creators.

Related Articles

Dr. Fitsum Assefa announces Ethiopia's strong economic growth at Prosperity Party meeting in Addis Ababa.
Image generated by AI

Ethiopia registers strong economic growth, says Fitsum Assefa

Reported by AI Image generated by AI

The Prosperity Party's executive committee concluded its three-day regular meeting in Addis Ababa. Minister of Planning and Development Fitsum Assefa (Dr.) stated that Ethiopia is registering strong and quality economic growth. The meeting discussed national and party issues.

The 9th Africa Business Forum, organized by the United Nations Economic Commission for Africa, opened in Addis Ababa on Monday. Leaders and entrepreneurs gathered under the theme 'Financing Africa’s Future' amid global economic challenges. Executive Secretary Claver Gatete highlighted Africa's potential as a growth engine through productive employment for its young workforce.

Reported by AI

Hassan El-Khatib, Egypt's Minister of Investment and Foreign Trade, announced that the country has shifted from a stability phase to execution in its economic reform program. He emphasized a new focus on enhancing competitiveness, fostering export-led growth, and attracting private investment. These remarks came during his participation in the Egypt Investment Forum organized by EFG Hermes.

Egypt's Finance Minister Ahmed Kouchouk announced that risks related to the country's public debt have declined, driven by growing investor confidence in its economic trajectory and improving macroeconomic indicators. He noted that Egypt's strong performance in international markets has led to a drop in yields on its international bonds to 4%. Kouchouk spoke at the 15th Annual Conference of the Egyptian Investment Management Association.

Reported by AI

Hassan Abdalla, Governor of the Central Bank of Egypt, met Kristalina Georgieva, Managing Director of the International Monetary Fund, to discuss progress on Egypt's economic reform programme. The meeting occurred on the sidelines of the 10th Arab Public Finance Forum in Dubai. Discussions centered on bilateral cooperation and the country's latest macroeconomic indicators.

In recent years, Ethiopia's government has led major urban improvements, including corridor development projects, city renewal initiatives, and infrastructure upgrades. These changes are raising living standards in cities and creating opportunities in the real estate sector. The piece advocates drawing lessons from Dubai to attract significant investments.

Reported by AI

Hassan Abdalla, Governor of the Central Bank of Egypt, stated that climate change has become a core financial issue, highlighting the bank's role in directing the banking sector toward sustainability. The Central Bank, in partnership with the International Finance Corporation, hosted a sustainable finance conference on February 15, 2026. The event focused on building climate resilience and accelerating the shift to a low-carbon economy.

 

 

 

This website uses cookies

We use cookies for analytics to improve our site. Read our privacy policy for more information.
Decline