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Fintech champion to head United Bank

The National Bank of Ethiopia (NBE) has approved the appointment of Melaku Kebede, who was serving United Bank as a senior Deputy CEO –Strategy &Technology, as the new Acting Chief Executive Officer (CEO) replacing Taye Debekulu, who has led the bank for six years.

NBE lifts bill purchase directive

The National Bank of Ethiopia (NBE) has lifted its yearlong mandatory requirement imposed on private banks to purchase bonds from the Development Bank of Ethiopia (DBE).

Contraband threatens national gold supply

The account of expanding contraband activities in various boarder areas of the country, the  amount of gold produced by artisanal miners in various regional states and being channeled to the National Bank of Ethiopia (NBE) keeps dwindling, The Reporter has learnt.

PM picks vice governors for NBE, draws mixed reviews

Prime Minister Abiy Ahmed (PhD) has approved the appointments of three new vice governors for the National Bank of Ethiopia (NBE), Ethiopia’s central banking institution. However, the top picks for the positions has been met with mixed reaction from finance and economic experts.

Experts insist on restructured NBE

Economists and financial experts have called on the government of Ethiopia to seriously look at the state of the National Bank of Ethiopia (NBE) and consider restructuring it in time, while some going to the extent of reducing the central bank to an institution primarily engaged in undertaking money printing, an expression connoting the power of central banks to create money.

New bank prepares to join sector

A new bank, Amhara Bank S.C, is on the horizon of formation as the supervising committee readies itself to sell shares to the public, The Reporter has learnt.

Capital lease finance company opens shop

The National Bank of Ethiopia (NBE) has licensed the first foreign capital lease finance company called Ethio Lease. Ethio Lease was established by African Asset Finance Company, a New York City-based finance company, with a registered capital of 400 million birr.