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.
Ethiopia: NBE Holds Interest Rate at 15%, Raises Credit Growth Ceiling to 24%
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.
Ethiopia: NBE Issued New Directive Allowing the Establishment of Reinsurance Companies
The National Bank of Ethiopia (NBE) has issued a new directive allowing the establishment of local reinsurance companies, according to The Reporter.
