by Arin Atluri -

MICROCAPITAL BRIEF: Bank of Abyssinia to Loan $13m to 4 Microfinance Institutions in Ethiopia for Lending to MSMEs Based on Movable Collateral

Bank of Abyssinia (BOA), a financial services provider in Ethiopia, recently agreed to loan ETB 600 billion (USD 13 million) to four Ethiopian microfinance institutions (MFIs) to increase financial access for micro-, small and medium-sized enterprises (MSMEs) by harnessing moveable collateral such as

by Kate Finster -

MICROCAPITAL BRIEF: Bank of Abyssinia Launches 5 “Interactive” Teller Machines in Ethiopia, Allowing for Remote Account Opening, Access to Tellers via Video

Bank of Abyssinia, a financial services provider in Ethiopia, recently introduced terminals called “Interactive Teller Machines” (ITMs) that allow customers to open or close accounts, apply for loans, access tellers via video, transfer funds within Ethiopia, and withdraw and deposit cash.