2merkato

Abyssinia Bank and Visa have signed a five year strategic partnership agreement aimed at accelerating digital payments in Ethiopia.

Ethiopia and France have signed agreements covering debt restructuring and financial support linked to Ethiopia’s ongoing economic reform program.

The National Bank of Ethiopia (NBE) has issued a public notice announcing a series of significant relaxations to Ethiopia’s foreign exchange directives, in a move aimed at strengthening the foreign exchange market and easing current account restrictions.

The Ethiopian Deposit Insurance Fund (EDIF) has announced that it is considering increasing the maximum amount of insurance compensation paid to depositors when a bank or microfinance institution becomes insolvent.

The National Bank of Ethiopia (NBE) says foreign investors can now fully repatriate dividends and other eligible payments, removing a long-standing constraint on Foreign Direct Investment (FDI).