dominated by government owned institutions. It has accommodated the financial needs of the government‚ public enterprises and private sectors (Khan‚ 1995; Khan and Khan‚ 2007). Public sector dominancy‚ among others‚ lead to inefficiency in the banking sector (Haque‚ 1997). The economic efficiency of the banks remained low that led to low savings and investment in the private sector which resulted in low growth (Khan and Khan‚ 2007). These problems include concentrated ownership of financial assets
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by 27 million people. Religion Ethiopia is one of the first countries to adopt Christianity in the 4th century. Addis Ababa is mostly Christianity but 1/3 is Muslims. In 2007 there were 62.8% Christians‚ 33.9% Islamic‚ 2.6% Traditional and 0.6% Ethiopian. Countries such as Britain and France had conquered smaller nations in the "Scramble for Africa" in the nineteenth century. In 1896‚ Italy had attempted to expand in eastern Africa by adding Ethiopia to her conquests (which included Eritrea
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1. Introduction Commercial banks are the most important savings mobilization and financial resource allocation institutions. Consequently‚ these roles make them an important phenomenon in economic growth and development especially in countries where capital markets lag behind and financing needs of the economy generally flows from the banking system. It is interesting to note that the role of banks in saving mobilization and allocation of financial resources to various investment opportunities
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Ethiopia food shortages. Ethiopia is located in the Horn of Africa and is bordered by Eritrea‚ Djibouti‚ Somalia‚ Kenya‚ South Sudan‚ and Sudan. What is famine? Famine contains three elements: • food shortage • starvation • excess mortality It has a greater effect on the most vulnerable in society. Famine is caused by many factors including: • poor climatic • environmental conditions • population growth • market failure • war. Over half of the Ethiopian
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ACCESS TO HOUSING FINANCE IN AFRICA: EXPLORING THE ISSUES No. 9 ETHIOPIA ACCESS to housing finance in Africa Overview of the housing finance sector in Ethiopia‚ commissioned by the FinMark Trust with support from Meheret Ayenew Edited‚ and with additional material by Richard Martin July 2009 Access to housing finance in Africa: Exploring the issues (No. 9) Ethiopia BACKGROUND TO THE SERIES Since 2002‚ the FinMark Trust has been pursuing its mission‚ “Making Financial Markets Work
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Ethiopia As the anthropologists say‚ all people come from Ethiopians. “Lucy’s” skeleton discovered in 1974 is considered the oldest human “trace”. It is believed that she lived more than 3 million years ago. At 435‚071 square miles (1‚126‚829 km2)‚ Ethiopia is the world’s 27th-largest country. The major portion of Ethiopia lies on the Horn of Africa‚ which is the eastern most part of the African landmass. Bordering Ethiopia are Sudan and South Sudan to the west‚ Djibouti and Eritrea to the
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Banks are basically service-rendering institutions. The existence and success of banks depend on their ability to meet the various needs and wants of the customers. The new millennium has brought with it challenges as well as opportunities in various fields of economic activities including banking. The banking sector in India has undergone several changes in the areas of prudential‚ regulatory‚ disclosure and supervisory norms. The financial reforms launched during the early 1990s have dramatically
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influence of deregulation on banks profitability in Nigeria. The discussion on the deregulation can be effectively carried out without understanding what monetary policy is all about. In this content‚ monetary policy could be defined as a policy which deals with discretionary control of money supply by the monetary authorities in order to achieve stated economic goal of society. The performance of the Nigeria economy has on the decline for a long time now. However the central bank has been issuing series
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Ethiopia PHYSICAL: Relief: Ethiopia consists mainly of Desert and Mountains. Many valleys and plateau ’s also can be found in the country. Due to these landform types the percentage of farm land is approximately 5.7% of the total amount of land in Ethiopia. The amount of arable land is 10% of the 5.7% total. Ethiopia has an area of 1 221 900 sq. km. Ethiopia does not receive any problems such as volcanism‚ tidal waves‚ etc.‚ but it does receive great winds and monsoons. It is located in
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customer’s profitability to provide relevant information for Internet strategy in Pilgrim Bank. To get a conclusion from the disagreements between charging online banking fees and offering customers incentives to use online banking‚ I obtained relevant data and compared online and offline customers’ profitability. Since only comparing balance level will miss some important information‚ such as‚ the cost of serving individual customers‚ therefore‚ in my analysis‚ I primarily focus on profitability. To
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