National Bank of Ethiopia grants Safaricom M-Pesa license
Safaricom Ethiopia receives license, from the National Bank of Ethiopia, to operationalize M-Pesa in Ethiopia ADDIS ABABA (Safaricom Ethiopia) – Safaricom Ethiopia through its newly […]
National Bank of Ethiopia
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 […]
AfDB approves $2.33 million grant to Ethiopia to support the modernization of electronic payments infrastructure
The Board of Directors of the African Development Bank (AfDB) has approved a grant of $2.33 million to EthSwitch Share Company, an initiative led by […]
UAE-Ethiopia Business Advisory Council outlines plans to ease process for UAE investors in Ethiopia
The UAE-Ethiopia Business Advisory Council was established in 2018 as a support system for UAE investors and Ethiopian businessmen. DUBAI (WAM) – The UAE-Ethiopia Business […]
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 […]
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 […]
Harnessing the Insurance Industry for Economic Development in Ethiopia
The insurance industry’s aggregate contribution to national GDP (penetration) is around 0.5 percent and the status depicts the low level of insurance development in Ethiopia By […]
Ethiopia: Impacts of the Birr Devaluation on Inflation
Ethiopia: Impacts of the Birr Devaluation on Inflation1 On October 10, 2017, the National Bank of Ethiopia (NBE) devalued the Birr by 15 percent as […]
Ethiopia’s Export Trade Remains Flat amid High Expectation
ADDIS ABABA (Xinhua)–Ethiopia’s overall export trade performance has registered 678 million U.S. dollars during the first quarter of the Ethiopian 2017-2018 fiscal year, says the […]
Ethiopian Prime Minister Says Currency Devaluation Necessary to Boost Export
According to Hailemariam Desalegn, the currency devaluation by 15 taken in the second week of October by the National Bank of Ethiopia is necessary for […]