World Bank Approves $700 Million Boost for Ethiopia’s Financial Sector
WASHINGTON, December 19, 2024 – Ethiopia’s financial system is set to receive a transformative boost following the World Bank's approval of a $700 million...
Amhara Bank Urges Local Banks to Merge Amid Foreign Banks’ Entry
On December 18, 2024, Ethiopia's parliament ratified a landmark banking proclamation allowing foreign banks to operate within the country. This move represents a pivotal...
National Bank of Ethiopia Launches Platform for Customer Complaints
Addis Ababa, Ethiopia
The National Bank of Ethiopia (NBE) has introduced an online platform and a dedicated hotline (7230) to assist customers in lodging complaints...
Behind the Fintech Boom: Ethiopian Fintech’s Untold Challenges
Ethiopia's Financial Technology (fintech) sector is on a promising upward trajectory, driven by innovative products and a growing appetite for digital solutions. Mobile wallets,...
Ethiopian Cargo Expands Fleet with Two Boeing 767 Freighters to Meet Growing Demand
Addis Ababa, — Ethiopian Cargo and Logistics Services has announced the addition of two Boeing 767 freighters, ET-BBE and ET-BBF, to its growing...
Digital Money Transfers Surpass Cash Transactions in Ethiopia, Says National Bank Governor
On December 17, 2024, the Governor of the National Bank of Ethiopia (NBE), Mamo Miheret, addressed the House of People’s Representatives, highlighting the increasing...
