Tag: national bank of ethiopia

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Foreign Companies to Receive Foreign Currency Guarantees for Key Projects in Ethiopia

The National Bank of Ethiopia has made a decision to allow foreign currency guarantees for foreign companies engaged in joint ventures with government or...

Mamo Mihretu Named Governor of National Bank of Ethiopia as Part of Government Reshuffle

Mamo Mihretu, a former World Bank staffer and chief trade negotiator for Ethiopia at the World Trade Organization, has been appointed as the new...

NBE unsuspended Cashgo & Mama’s Pay Remittance Apps

Digital remittance applications that have been suspended for almost 3 months by order of the National Bank are about to be launched.Apps Cashgo and...

National Bank of Ethiopia Lifts Restrictions Weekly Bank Transfer Limit

The National Bank of Ethiopia lifts the weekly transfer limit placed on bank transfers. The restriction was imposed restrain & discourage agents who are...

National Bank of Ethiopia Fully Lifts Loan Restrictions

The loan restrictions that were implemented for the last four months have been lifted completely, the National Bank of Ethiopia (NBE) reminded today. The National...

New Year, New Money

The government of Ethiopia on September 14, 2020, has introduced a new birr, a unit of Ethiopian currency, with additional security features and other...