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Financial Clarity: Ethiopia’s ECMA Unveils Transparent Fee Strategy for 2023

In a groundbreaking move to bring clarity and structure to its capital market, the Ethiopian Capital Market Authority (ECMA) is introducing a new fee directive that will impact all capital market transactions within its jurisdiction. The directive, scheduled for implementation in 2023, is a detailed framework outlining the application, licensing, and transaction fees for various

November 10, 2023 • By Addis Insight

Business

600 Million USD Financing Agreements signed between the FDRE Ministry of Finance and the World Bank

Financing Agreements signed between the FDRE Ministry of Finance and the World Bank Today June 24, 2022, a Financing Agreement amounting to US$ 600 million (US$ 200 million in the form of grant and US$ 400 million in the form of credit), for the implementation of the Food Systems Resilience Program (FSRP) and US$ 115

June 24, 2022 • By Addis Insight

Business

National Bank of Ethiopia grants license to 8 new banks

National Bank of Ethiopia announces licenses to eight new banks Fraser Ayalew, Director of  Banking Control at the National Bank of Ethiopia said several banks are applying for licenses following the ongoing reforms in the financial sector. He recalled that the National Bank of Ethiopia (NBE) has increased the minimum capital required to establish a

June 8, 2022 • By Addis Insight