Ethiopian authorities say they have arrested 112 people and suspended 519 bank accounts as part of a nationwide crackdown on what they describe as illegal foreign currency trading and unlicensed money ...

Equity Group is also accelerating its entry strategy. In September, Equity Group chief executive James Mwangi met with ...

The National Bank of Ethiopia has regularly been reviewing the performance of the foreign exchange market since the ...

Ethiopia’s domestic debt stock climbed to 2.56 trillion by the end of September 2025, according to the latest debt bulletin ...

Abiy’s office on Friday 20 January announced Mamo’s appointment to the helm of the National Bank of Ethiopia. It came as part of a major shake-up at the heart of the federal government, which has seen ...

After receiving the green light from the National Bank of Ethiopia (NBE), Hijra Bank, the second fully-fledged interest-free bank in the country has engaged in a highly competitive bidding and ...

Ethiopia’s central bank issued a statement reminding its citizenry that business practices made with bitcoin are illegal. The National Bank of Ethiopia warned that “informal financial transactions” ...

Ethiopia's capital Addis Ababa. The country's population of over 120 million offers a huge market for Kenyan banks looking to expand regionally. [Courtesy] Ethiopia has proposed new banking laws that ...

The kits cost $17 million, with each portable unit containing a facial recognition camera, fingerprint and iris biometric scanners, a laptop and lighting.

Ethiopia’s prime minister appointed Mamo Mihretu as governor of the National Bank of Ethiopia. A lawyer by training, Mamo is currently the chief executive officer of state-owned Ethiopian Investment ...

Kenya’s two largest banks are accelerating plans to launch in Ethiopia in their bid to capitalize on Addis Ababa’s economic liberalization, even as a new World Bank report highlighted major challenges ...