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Banking & FinanceNational Bank of Ethiopia (NBE) has officially authorized all licensed commercial banks to issue export permits for goods destined for the People’s Republic of China. The landmark decision, announced via a public notice today, May 26, 2026, removes a long-standing restriction that previously required all China-bound export permits to be processed exclusively through the Commercial
Banking & FinanceThe National Bank of Ethiopia has announced a fresh set of foreign exchange (FX) reforms aimed at improving trade efficiency, reducing administrative bottlenecks, and aligning the country’s financial system with international best practices. In a public notice issued on 25 May 2026, the central bank said the latest amendments to FX Directive FXD/01/2024 are part
Ethiopian Capital Market Authority has approved the registration of securities for Abay Bank S.C., marking another milestone in the development of Ethiopia’s emerging capital market ecosystem. In a notice issued on Monday, the Authority announced that it had approved Abay Bank’s Registration Statement in accordance with Articles 4 and 29 of the Public Offer and
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Banking & FinanceThe Commercial Bank of Ethiopia (CBE) has announced plans to further expand its digital banking services and strengthen its market position, following strong performance across key operational areas in the first nine months of the 2025/26 fiscal year. The announcement was made during the bank’s third-quarter performance review forum held at its headquarters in Addis
Banking & FinanceEthiopian Securities Exchange (ESX) has officially listed Awash Bank S.C. on its main market, marking a significant milestone in the development of Ethiopia’s capital markets. The listing was inaugurated with a bell-ringing ceremony at the exchange’s trading floor, positioning Awash Bank among the first financial institutions to debut on the platform. Awash Bank, the largest
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Banking & FinanceThe Ethiopian Capital Market Authority (ECMA) said it has approved the registration of securities for Zemen Bank S.C., marking another step in the country’s evolving capital market framework. The regulator confirmed that, as of April 21, it has registered 15 million shares already held by the bank’s existing shareholders. The move is in line with
Banking & FinanceThe National Bank of Ethiopia has extended the deadline for bank customers to link their accounts with the country’s digital identification system, Fayda National Digital ID, citing low completion rates despite earlier efforts. In a statement, the central bank said the initial deadline of March 30 had not achieved the expected level of compliance relative
Banking & FinanceThe Ministry of Finance has issued a new directive allowing investors operating in free trade zones to benefit from income tax exemptions on earnings generated from imported goods they sell. The decision, addressed to the Ministry of Revenue and the Ethiopian Investment Commission, is grounded in Article 12(1) of Council of Ministers Regulation No. 586/2018
Banking & FinanceDestta, a U.S.-registered fintech company, has officially launched the beta version of its global remittance platform in Ethiopia, positioning itself to capture a growing share of diaspora inflows through formal financial channels. Speaking at the launch event held at Hyatt Regency Addis Ababa, Founder and CEO Dawit Berhanu emphasized the platform’s broad transaction capability, enabling
Banking & FinanceDashen Bank has rolled out a major expansion of its digital ecosystem, introducing a virtual card for international payments, a fully digital onboarding system, and a six-million-birr content competition aimed at accelerating adoption of its Super App. The headline launch is the Dashen Virtual Card, developed in partnership with Mastercard. Integrated into the Dashen Super
Banking & FinanceNational Bank of Ethiopia has introduced a set of far-reaching directives reshaping the country’s insurance industry, in a move that signals a decisive shift toward stronger governance, transparency and regulatory oversight. The new rules, issued under Directives SIB/62/2026, SIB/63/2026 and SIB/64/2026, target three critical pillars of the sector: who can own and run insurance companies,
Banking & FinanceEthiopia’s banking sector is delivering numbers that would turn heads in any emerging market. A record 93 billion birr in profit, strong capital buffers, and the lowest non-performing loan ratio in five years suggest a system operating at peak performance. But beneath the surface of this success lies a quieter, more consequential risk: complacency. The
