The entry of foreign banks into Ethiopia is expected to significantly enhance the country's banking industry and improve its ...

The Ethiopian government policy requires the mandatory use of the national digital ID otherwise known as Fayda for banking ...

Among the new economic initiatives recently rolled out is a new securities exchange, the Ethiopian Securities Exchange, or ESX, planned for launch on January 10. For decades, Ethiopia’s financial ...

The total assets of Commercial Bank of Ethiopia (CBE) have reached 1.9 trillion Birr, the bank’s President, Abe Sano ...

Prime minister pursues liberal reforms to revive ‘broke’ east African country after two-year civil war and default ...

Ethiopia's central bank has increased the annual credit growth ceiling for commercial banks to 18% from 14%, signalling a cautious easing of monetary controls ...

The House of Peoples' Representatives (HoPR) has approved the proclamation of the National Bank of Ethiopia (NBE), enabling foreign banks to operate within the country's financial sector. During ...

ADDIS ABABA — Ethiopia's decision to allow foreign banks to operate in the country for the first time in 50plus years is a big step and marks a significant shift in its economic policy ...

Mamo Mihretu, governor of the National Bank of Ethiopia (NBE), said the newly approved proclamation will enable the Ethiopian economy to remain stable, noting that the bill has clearly set out the ...

ADDIS ABABA, Dec 17 (Reuters) - Ethiopia's parliament passed long-planned legislation on Tuesday allowing foreign banks to operate in the Horn of Africa country, part of government efforts to ...

Some World Bank staff have criticised an assessment of Ethiopia's finances conducted with the International Monetary Fund, ...

Ethiopia’s Parliament has approved a Bill that allows foreign banks to set up operations in the country, paving the way for the long-awaited expansion by regional lenders into East Africa’s ...