Challenges of International Trade in Banking Operations in Ethiopia: The Case of Bole Lemi Industrial Park
| dc.contributor.advisor | Takele Fufa (PhD) | |
| dc.contributor.author | Yoseph Mulatu | |
| dc.date.accessioned | 2024-03-29T06:54:46Z | |
| dc.date.available | 2024-03-29T06:54:46Z | |
| dc.date.issued | 2023-09-15 | |
| dc.description.abstract | Banks in Ethiopia face challenges in their day-to-day operations. The challenges can be either of a market or operational nature, or regulatory or reform-related. This study examined the challenges faced by international companies in banking operations in Ethiopia in the case of Bole Lemi Industrial Park. The research adopted a descriptive study design, using mean and standard deviation as a statistical tool to analyze the collected data. Stratified random and purposive sampling were used to reach a predetermined number of employees and to identify interviewees within the departments of the selected companies. The survey achieved a response rate of 86% and was analyzed using Microsoft Excel. The results show that the effectiveness of banking operations is challenged by factors such as political influence, exchange rate volatility, ethical issues, corruption, technological barriers and regulatory compliance. However, the challenges posed by cultural differences were found to be minimal. On the other hand, international companies face strict NBE regulations and lengthy approval processes. Political influence, currency fluctuations and technological challenges were also identified as the most significant factors affecting banking operations. The study highlights those international companies operating in the industrial park face difficulties in banking operations due to the studied variables and the strict regulations and lengthy approval procedures of the NBE. This is an indication that businesses are experiencing difficulties and dissatisfaction with the banking sector. However, by addressing these issues, Ethiopian banks can increase the scope and quality of their services while improving operational efficiency. The study recommends that policymakers and the NBE improve banking regulations and that banks develop their capacity to improve banking operations. Researchers should also conduct further studies on improving banking operations. | |
| dc.identifier.uri | https://etd.aau.edu.et/handle/123456789/2627 | |
| dc.language.iso | en_US | |
| dc.publisher | AAU | |
| dc.title | Challenges of International Trade in Banking Operations in Ethiopia: The Case of Bole Lemi Industrial Park | |
| dc.type | Thesis |