Coopbank Joins Nordic Africa EV Summit 2026 in Addis

In Short

Coopbank took part in the Nordic Africa EV Summit 2026 in Addis Ababa on September 16, 2026. The bank says it is backing renewable energy and exploring electric mobility opportunities.

What Happened

Coopbank, formally Cooperative Bank of Oromia (Coopbank), participated in the Nordic Africa EV Summit 2026 at the Science Museum in Addis Ababa. The event brought together public and private sector stakeholders to discuss electric mobility, meaning transport powered by batteries instead of petrol or diesel.

Coopbank CEO Deribie Asfaw represented the bank at the summit. He said the bank has been adopting new solutions and using renewable energy in parts of its operations. Renewable energy refers to power sources like solar or wind that can be replenished, unlike fossil fuels.

In his remarks, Deribie also spoke about Coopbank’s contribution to the electric vehicle supply value chain. A supply value chain is the full set of steps needed to get EVs on the road, including importing or assembling vehicles, charging, maintenance, spare parts, and financing for buyers and fleet operators.

The bank framed its participation as part of a wider commitment to sustainability. It also positioned EVs as an emerging opportunity for Ethiopia and the wider African transport market.

Why It Matters

Banks can shape EV adoption by deciding what gets financed. If lenders fund charging networks, fleet purchases, and related infrastructure, EV companies can scale faster.

For Ethiopia, the EV discussion is closely linked to energy availability and cost. Financing models that tie vehicle loans to charging access and predictable operating costs can reduce risk for both drivers and lenders.

Coopbank’s focus on the EV supply chain signals interest beyond awareness events. The next signal to watch is whether this turns into dedicated green loans, fleet finance partnerships, or support for charging and battery services.