Awash Bank Hits Record FX Earnings Despite Trade Headwinds
Ethiopia’s largest private lender, Awash Bank, achieved record foreign exchange earnings of $1.49 billion in the past fiscal year, signaling continued strength despite challenges facing the country’s trade sector. The East African nation saw overall export proceeds decline from $4 billion to $3.6 billion in 2022/23 as global economic conditions tightened, restricting trade, according to […]
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