The Ethiopian Birr is tightly controlled thus the parallel rate is much higher like the South Sudanese Pound was but not as bad. We saw how the profits and investment of KCB and Equity was severely diminished when the SSP was floated.

So anyone investing in Ethiopia by taking money INTO Ethiopia needs to write-down part of the investment since you get a lousy low rate for the Birr. Repatriating profits is very difficult so one cannot assume there will be cashflow from the investment. It is locked in Ethiopia.

Chair and Vice Chairman are puppets.The MD lacks new ideas.
You don't grow profits by cost-cutting and then coming to post nonsense news eti reduction in stationery costs contributed to growth in profits.
They need to grow profits via growth in loan book.The bank has never been aggressive in loaning to the retail segment of the population but have been too reliant on SACCOs whose business is now diminishing.Their interest rate to the retail segment is too high compared to its peers and their loan approval process chases away potential customers instead of attracting them.
The good home mortgage business started about 6 years ago hasn't had an impact in the mkt and don't even know their mkt share ni ngapi.
The entry to Ethiopia is just PR;they haven't got the approval from Ethiopia govt to start business.Multinational banks and finance institutions are still barred from engaging in commercial business there.

Coop has seriously underperformed since its listing in 2009 @9.50

this stock is among the poor nse performers compared to its potential