Friday, November 21, 2025

Ethiopian banking industry celebrates innovation, inclusion at 15th Connected Banking Summit

By our staff reporter, Photo by Anteneh Aklilu

The 15th Edition Connected Banking Summit – Ethiopia 2024, held on August 14th at the Ethiopian Skylight Hotel, concluded with a resounding success, highlighting the dynamic growth and innovative spirit of the Ethiopian banking industry. Themed “Bolstering the Economy with Digitization and Financial Inclusion,” the summit brought together over 300 executives, industry leaders, and experts from across the globe.

The event featured insightful discussions on key topics shaping the future of banking in Ethiopia, including digital transformation, financial inclusion, customer experience, cybersecurity, and the impact of AI and machine learning. 

Recognizing Excellence and Inspiring Innovation

The summit culminated in the prestigious Innovation & Excellence Awards, recognizing organizations and individuals who have made significant contributions to the Ethiopian banking sector.

Among the award winners, Lion International Bank S.C. received the “Excellence in Agency Banking” award, while Zemen Bank S.C. was recognized for “Excellence in Contactless Payments.” Abay Bank S.C. was awarded “Excellence in eBanking,” and EFT Corporation received the “Best Payment Solution Provider of the Year” award.

The “Excellence in Core Banking” award went to Berhan Bank S.C., while Bank of Abyssinia was honored for “Excellence in Innovative Banking.” Ahadu Bank was recognized for “Excellence in Tech-Driven Leadership,” and Kaspersky received the “Cyber Security Solution Provider of the Year” award.

A Catalyst for a Brighter Future

The 15th Connected Banking Summit served as a powerful platform for collaboration, knowledge sharing, and inspiration. The event underscored the critical role of technology, innovation, and inclusivity in driving the Ethiopian banking sector towards a brighter future.

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