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.
The National Bank of Ethiopia (NBE) has announced it will keep its benchmark interest rate steady at 15 percent while easing the ceiling on credit growth to 24 percent for the 2025/26 fiscal year. The decision was made during the fourth meeting of the NBE’s Monetary Policy Committee (MPC) on September 25, 2025.
The National Bank of Ethiopia (NBE) has issued a new directive allowing the establishment of local reinsurance companies, according to The Reporter.
The National Bank of Ethiopia (NBE) has launched the country’s first Automated Interbank Foreign Exchange Trading Platform, marking a major step in Ethiopia’s ongoing macroeconomic reform and financial sector modernization agenda.
The National Bank of Ethiopia (NBE) has unveiled a strategic initiative to enhance foreign currency inflows by launching a six-month campaign aimed at increasing remittances. The campaign, which involves government agencies, financial institutions, diplomatic missions, and the diaspora, is part of broader efforts to stimulate hard currency generation.
