The National Bank of Ethiopia has prohibited peer-to-peer crypto currency trades denominated in birr as it develops a formal regulatory framework for digital assets.

Addis Ababa, June 28, 2025 (ENA)— Foreign banks are making requests to operate in Ethiopia's financial sector following the government's opening up policy of banking sector for foreign investment, ...

Addis Ababa — The National Bank of Ethiopia (NBE) has announced a new measure requiring banks to use indicative prices set by the Ethiopian Customs Commission for selected imported goods. The move ...

ADDIS ABABA, June 14 (Reuters) - Ethiopia will allow foreign banks to set up local subsidiaries and foreigners to acquire shares in domestic lenders, according to a bill approved by the cabinet on ...

Addis Ababa, May 29, 2025 (ENA)— Ethiopia has taken historic steps to address macroeconomic imbalances while fostering sustainable growth, according to the IMF. Over the past year, Ethiopia—Africa’s ...

The Kenya-based company already has 3 million mobile phone users in Ethiopia and plans to make it the 10th country where the payment service will be available. The National Bank of Ethiopia (NBE) has ...