Ethiopia: NBE Approved Wegagen’s Vice President Appointment
National Bank of Ethiopia approved Wegagen Bank’s proposed vice president, Desalegn Embeza. The new president will replace Assega Tefera who resigned 1 month ago.
Ethiopia: NBE Approves Dashen’s Asfaw Alemu as President
National Bank of Ethiopia (NBE) has approved the appointment of Acting President of Dashen, Asfaw Alemu as president on Friday, May 15, 2015, Addis Fortune reported.
Ethiopia: NBE Banned Mobile Top-Up Service by Banks
National Bank of Ethiopia (NBE) banned commercial banks operating in Ethiopia from giving mobile top-ups service for the service is not a financial one.
Ethiopia: NBE Completes Licensing for Independent Forex Bureaus
The National Bank of Ethiopia (NBE) has finalized the licensing process for Independent Forex Bureaus, allowing more businesses and individuals to legally engage in the country's foreign exchange market.
Ethiopia: NBE Finalizes Regulatory Framework for Foreign Banks
The Governor of the National Bank of Ethiopia, Mamo Mihretu, has stated that the bank is working hard to finalize a regulatory framework that will allow foreign banks to operate in Ethiopia. This is part of an effort to deepen financial intermediation, regulate the financial sector, and accelerate digitization efforts.
