23rd Edition Connected Banking Summit Innovation & Excellence Awards 2025

Ethiopia is all set to mark a significant milestone in its journey towards becoming a digitally enabled economy. With Ethiopia’s Net Interest Income in the Banking market projected to reach US$4.55 billion in 2024 and an anticipated growth to US$5.56 billion by 2028, the banking sector is poised for substantial expansion. This growth is underpinned by a robust annual growth rate of 5.14% from 2024 to 2028, signalling a strong and upward trajectory for the industry.

Connected Banking – Ethiopia will delve into the significant sources of change including mobile banking, AI and chatbots, payment security, online banking accessibility, and the impact of blockchain and digital currencies. These technologies are not just reshaping customer expectations but are also setting new standards for operational efficiency and service delivery in the banking sector.

Furthermore, the summit will explore the key insights anticipated to redefine banking by 2025, such as enhancements in customer experience, the inevitable flight to digital channels, and the intensifying competition from fintech firms. With a specific focus on Ethiopia, discussions will include the adoption of electronic banking, the current state of digital finance, the rising demand for digital banking, and the ambitious goals set forth by the National Digital Payments Strategy (NDPS) 2021-2024.