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Addis Ababa

Tag: National Bank of Ethiopia

Ethiopia’s New Banking Proclamation Allows Foreign Bank Entry

A new banking business proclamation approved by Ethiopia's parliament now allows foreign banks to enter the Ethiopian market. The...

Ethiopia’s Banking Sector to Open for Foreign Competition Soon

Ethiopia is preparing to open its banking sector to foreign competition for the first time in its history. Reports...

NBE Enforces Digital ID Mandate for Bank Accounts in Addis Ababa by January 1

Starting January 1, 2024, residents of Addis Ababa must present Fayda national digital IDs to open bank accounts. The...