Nile Bank officials visit Ethiopian AI Institute to explore strategic collaboration

By:  Kanto Kai Okanta

Senior officials of Nile Bank have paid a working visit to the Ethiopian Institute of Artificial Intelligence to explore opportunities for collaboration in technology development and innovation.

During the visit, Director General Dr. Werku Gachena briefed the delegation on the institute’s ongoing activities and strategic direction. He noted that the institute operates under the motto “AI for All” and has been actively engaging with various institutions to expand the adoption and impact of artificial intelligence across sectors. He added that the institute is open to partnerships with financial institutions such as Nile Bank to deepen innovation and support national development.

A representative of Nile Bank described the visit as a significant opportunity, highlighting the strong link between the banking sector and emerging technologies. He emphasized the importance of the institute’s work in supporting startups, noting that such initiatives are critical to the country’s digital and economic transformation. The bank, he said, is prepared to provide the necessary support to advance joint initiatives, expressing optimism that proposed projects could be implemented within a short timeframe.

Both parties held further discussions on key areas including capacity building, technology support, and the shared use of infrastructure to strengthen innovation ecosystems.

As part of the visit, the Nile Bank delegation toured key facilities within the institute, including the AI Startup Center, robotics workshop, and product demonstration rooms, where they observed ongoing projects and technological developments.