NBE Issues a Directive that limits Birr and foreign currency holding
ADDIS ABABA (NBE) – The National Bank of Ethiopia (NBE) has issued a Directive to limit on Birr and foreign currency holding in the territory […]
Yinager Dessie
The banking sector in Ethiopia continues to grow despite challenges – NBE
ADDIS ABABA (NBE) –The Ethiopian banking sector has registered a remarkable growth despite the fact that it faced various challenges such as COVID-19, internal conflict, […]
Ethiopia’s financial sector set for transformation with launch of FSD Ethiopia
ADDIS ABABA – Newly-established development agency Financial Sector Deepening Ethiopia (FSD Ethiopia) was officially launched at the Hyatt Regency Hotel, Addis Ababa, Ethiopia. With funding […]
ZamZam Bank becomes the first full-fledged interest-free bank in Ethiopia
ADDIS ABABA (The Ethiopian Herald) – ZamZam Bank, the nation’s first fully-fledged, interest-free bank (IFB) to obtain operating license from the National Bank of Ethiopia […]
IMF reaches staff-level agreement with Ethiopia on extended credit and fund facilities
The International Monetary Fund (IMF) reaches a staff-level agreement for the first and second reviews of the extended credit facility and extended fund facility for […]
Ethiopia grants first-ever license to a foreign-owned company Ethio Lease
NEW YORK/ADDIS ABBABA (PRNewswire) – The National Bank of Ethiopia granted the first financial services license to a foreign-owned company, Ethio Lease, as the Ethiopian Government […]
Queen Máxima of the Netherlands visits Ethiopia to promote access to financial services
ADDIS ABABA– Her Majesty Queen Máxima visited the Federal Democratic Republic of Ethiopia from the evening of Monday 13 to Wednesday 15 May in her […]
Ethiopia to allow the diaspora to invest such financial sectors as banking and insurance
The three new draft bills incorporated directives that allow the Ethiopian Diaspora to take part in the local financial sectors, the Governor of National Bank […]
National Bank of Ethiopia, IFC sign agreement to support private sector
IFC CEO Philippe Le Houérou also met with key government officials and private sector leaders in Addis Ababa and visited private companies and industrial parks. […]
Enhancing Capacity of Industries Prioritized to Improve Foreign Trade Performance
ADDIS ABABA (ENA)–Enhancing capacity of industries that settled at existing industrial parks is important to improve the performance of the foreign trade, the National Planning […]