Mandatory digital ID for banking policy goes into effect in Ethiopia
The Ethiopian government policy requires the mandatory use of the national digital ID otherwise known as Fayda for banking transactions.
National Bank of Ethiopia
Ethiopia: Lawmakers Greenlight Foreign Banks’ Presence in Ethiopia
The House of Peoples’ Representatives (HoPR) has approved the proclamation of the National Bank of Ethiopia (NBE), enabling … own reporters to an African and global public.
NBE pauses independent forex bureau licensing pending evaluation
Regulators at the National Bank of Ethiopia (NBE) are no longer processing license requests for new applicants seeking to get involved in the forex trading business.
World Bank Supports Ethiopia’s Efforts to Unleash the Potential of its Financial Sector
The project is designed to tackle these issues head-on by modernizing the regulatory and supervisory framework of the National Bank of Ethiopia (NBE), supporting governance reforms, balance sheet …
Economists Express Confidence on Foreign Banks Operating in Ethiopia Would Boost Int’l Competitiveness
Experts have expressed confidence that allowing foreign banks to enter Ethiopia’s financial sector can significantly enhance international competitiveness and facilitate technology transfer in the …
NBE Monetary Policy Committee (MPC) Holds its Inaugural Meeting
The Monetary Policy Committee (MPC) of the National Bank of Ethiopia held its inaugural meeting on December 31, 2024. In line with its roles and responsibilities set out in the NBE Establishment …
National Bank of Ethiopia Set to Revise Policy Rate Early in the New Year
In the upcoming fiscal year, the National Bank of Ethiopia (NBE) is expected to revise its policy rate, commonly referred to as the National Bank Rate (NBR). The current rate, set at 15 percent, was …