Sidama Bank struggles with high staff turnover amid soaring cost of living

Sidama Bank S.C., one of Ethiopia’s emerging private financial institutions, is grappling with a wave of employee resignations as the country’s rising cost of living continues to erode real wages and push professionals toward better-paying opportunities. According to the bank’s 2024/25 annual report, macroeconomic pressures and low compensation levels across the local banking industry have […]