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Ethiopia’s Capital Market Authority Registers Zemen Bank Shares
The Ethiopian Capital Market Authority (ECMA) said it has approved the registration of securities for Zemen Bank S.C., marking another...
Read moreDetailsEthiopia’s Central Bank Extends Deadline for Linking Accounts to National ID System
The National Bank of Ethiopia has extended the deadline for bank customers to link their accounts with the country’s digital...
Read moreDetailsNew Player Destta Targets Informal Remittance Market with Transparent Transfers
Destta, a U.S.-registered fintech company, has officially launched the beta version of its global remittance platform in Ethiopia, positioning itself...
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Dashen Bank Launches Super App Push with Virtual Card, Digital Onboarding, and 6M Birr Creator Campaign
Dashen Bank has rolled out a major expansion of its digital ecosystem, introducing a virtual card for international payments, a...
Read moreDetailsEthiopia’s Banking Sector Posts 93 Billion Birr Profit, But the Real Risk Is Complacency
Ethiopia’s banking sector is delivering numbers that would turn heads in any emerging market. A record 93 billion birr in...
Read moreDetailsNBE Extends RTGS Operating Hours to Boost Payment Efficiency
The National Bank of Ethiopia has announced an extension of operating hours for its Real-Time Gross Settlement (RTGS) system, a...
Read moreDetailsEthiopia Spent $1.35 Billion Defending Birr as FX Pressures Persist
Ethiopia has spent an estimated $1.35 billion supporting its currency in 2026, underscoring mounting pressure on the birr amid ongoing...
Read moreDetailsBirr Under Pressure as NBE FX Auction Weighted Average Hits 157.47
The National Bank of Ethiopia (NBE) has announced the results of Foreign Exchange (FX) Auction No. 21, allocating $70 million...
Read moreDetailsNational Bank of Ethiopia to Hold $70 Million FX Auction on March 17
The National Bank of Ethiopia (NBE) has announced that it will conduct a $70 million foreign exchange auction on Tuesday,...
Read moreDetailsKCB Group Targets Ethiopia Entry by End of 2026
Kenya’s largest lender, KCB Group, is aiming to enter the Ethiopian banking market before the end of 2026 as part...
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