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NBE Prepares to Announce Credit Cap Reform Amid Inflation Ease
In an effort to relieve inflation, the National Bank of Ethiopia (NBE) has introduced a 14 percent cap on credit growth for commercial banks....
28 Ethiopian Banks Reportedly Defrauded of 1.3 Billion Birr in One Year
It has been reported that 28 Ethiopian banks lost a total of 1.3 billion birr to fraudsters in the past year. This figure represents...
Deloitte Reopens Office in Ethiopia After Six Years, Strengthening Commitment to Local Growth
Deloitte has officially reopened its office in Addis Ababa, Ethiopia, after a six-year absence, marking a significant step in the firm’s renewed focus on...
Ethiopia’s Financial Sector: A Deep Dive into Stability, Growth, and Emerging Opportunities
The National Bank of Ethiopia (NBE) has unveiled its second Financial Stability Report, offering a comprehensive analysis of the country’s financial system during the...
Athletes Tamrat Tola and Simbo Alemayehu Named Athletes of the Year
Athletes Tamrat Tola and Simbo Alemayehu Named Athletes of the Year
Athlete Tamrat Tola won the Road Race Athlete of the Year award for his...
National Bank of Ethiopia Mandates National ID for Banking: A Major Step Towards Secure Financial Systems
The National Bank of Ethiopia (NBE) has announced a groundbreaking decision to make the National ID (commonly referred to as Fayda) mandatory for opening...