(3 Minutes Read)Zenith Bank is headquartered in Lagos, Nigeria, and is a sizable financial institution operating through branches and representative offices in Africa and key international financial centers, providing corporate, retail, digital, and infrastructure financial services. Lagos-based Zenith Bank is the latest to show interest in joining the Ethiopian financial sector, more than a year after Parliament ratified legislation opening the banking industry to foreign investment. Zenith Bank is headquartered in Lagos, Nigeria, and is a sizable financial institution operating through branches and representative offices in Africa and key international financial centers, providing corporate, retail, digital, and infrastructure financial services. They can incorporate a subsidiary in Ethiopia, buy stakes in a domestic bank, establish a local branch office, or open a representative or liaison office. The law caps foreign investment in a bank at 40 percent ownership, while a domestic bank cannot sell more than 49 percent of its authorized shares to foreign investors.

Source: Ethiopian News January 01, 2026 16:12 UTC