Tag: Banking
Bill to allow gradual opening of financial sector
The National Bank of Ethiopia (NBE) is revising the Banking Business Proclamation, as part of its legal framework amendment aimed at allowing foreign banks...
Central Bank to green light ethio telecom’s micro credit permit request
The National Bank of Ethiopia (NBE) will green light ethio telecom’s request to offer a digital micro-credit and saving services via its Telebirr platform,...
Amhara bank requests operational license to launch service this month
Central bank is evaluating its readiness
One of the new entrants to the banking industry, Amhara Bank, filed a request at the central bank to...
Central Bank begins drafting new directive for specialized banks
Officials at the National Bank of Ethiopia (NBE) are drafting a new directive to set new requirements needed to establish a mortgage bank in...
Private creditor to provide one billion birr to homebuyers
Plans to charge an interest rate below 15 percent
Ethiopia’s first self-proclaimed private mortgage bank, Goh Betoch Bank, announced its plans to disburse one billion...
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