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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Ethiopia could lose up to USD eight billion if Ukraine war continues
-It could cost Ethiopia 7.6 percent of GDP in...
Fed unveils new tax to finance conflict rehabilitation project
Officials expect 19.5 billion birr from the new tax...
To survive foreign competition, central bank governor suggests mandatory mergers, acquisitions
The bankers' association is upset about the tax on...
According respect for freedom of movement
The rule of law is a mechanism, process, institution,...