Banking & Finance — Page 8

First Consult Africa Signs Ethiopia’s First Blended Finance Partnership for Conflict-Affected Areas

FC Africa has signed the country’s first blended finance partnership agreement focused on conflict-affected areas, marking a major step toward expanding access to finance for micro, small, and medium enterprises (MSMEs in post-conflict settings. Under the agreement, Lion International Bank, through its digital finance platform Alegnta, has formally launched a pilot uncollateralized digital lending service

StockMarket.et19 Dec 2025

Banking & Finance

Development Bank of Ethiopia Replaces President, Board Chair Amid Internal Dispute

The Development Bank of Ethiopia (DBE) has overhauled its top leadership after a prolonged internal dispute between its board and executive management disrupted decision-making at the state-owned policy bank. Essayas Kassa (PhD) has been appointed president of DBE, while Brook Taye (PhD), chief executive of Ethiopian Investment Holdings (EIH), has been named chair of the

Banking & Finance

Ethiopia Launches Full-Scale Integration of Bank Accounts With National Digital ID

The National Bank of Ethiopia (NBE) has officially launched the nationwide harmonization of all bank accounts with the Faida Digital ID, marking a major milestone in the country’s digital transformation agenda. The initiative is part of the Digital Ethiopia 2030 Strategy, which positions the Faida ID as a core pillar of Ethiopia’s emerging digital public

StockMarket.et10 Dec 2025

Banking & Finance

Ethiopia Unveils 5-Year National Digital Payment Strategy 2026–30 as Digital Transactions Hit 9.6 Trillion Br

Ethiopia has launched the draft National Digital Payment Strategy 2026–30 (NDPS 2.0), signaling a major milestone in the country’s digital finance transformation. The announcement was made today during the Ethiopian Digital Payment Conference 2.0, in the presence of top officials including Deputy Prime Minister Temesgen Tiruneh; National Bank of Ethiopia Governor Eyob Tekalign; AfCFTA Secretary

StockMarket.et9 Dec 2025

Banking & Finance

Ethiopia Targets Mid-2026 to Finalize Debt Restructuring Under G20 Framework

Ethiopia aims to complete its debt-restructuring process under the Group of 20 Common Framework by mid-2026, Finance Minister Ahmed Shide announced on Friday during a briefing in Addis Ababa. According to the minister, the government is making “significant progress” in securing agreements with official creditors and continues to engage private lenders as part of a

StockMarket.et6 Dec 2025

Banking & Finance

Birr Depreciates to 154.4 per USD: 17 Banks Secure FX in 11th Auction

The Ethiopian Birr has continued its rapid slide against the US Dollar in the National Bank of Ethiopia’s (NBE) foreign exchange auction, marking one of the most significant adjustments since the platform was introduced to support market stability two months ago. In the 11th round of the forex auction held today, the average exchange rate

StockMarket.et2 Dec 2025

Banking & Finance

Amhara Bank Posts 85% Surge in Pre-Tax Profit, Eyes Major FX Mobilization

Amhara Bank has reported a pre-tax profit of 655 million birr for the 2017 fiscal year, marking an 85% increase compared to the previous year. The announcement was made during the bank’s 4th Annual General Meeting of Shareholders held today. Chief Executive Officer Dr. Yohannes Ayalew said the bank’s total assets climbed to 43.4 billion

StockMarket.et29 Nov 2025

Banking & Finance

National Bank of Ethiopia Re-Licenses Standard Bank’s Representative Office Under New Framework

The National Bank of Ethiopia (NBE) has officially re-licensed Standard Bank’s Representative Office, marking the first such approval under the country’s newly revised Banking Business Proclamation. Under the updated regulations, NBE now oversees the licensing and supervision of foreign bank representative offices (REPOs), a responsibility previously handled by the Ministry of Trade and Regional Integration.

StockMarket.et28 Nov 2025

Banking & Finance

Ethiopia Arrests 24 Over Br100 Billion Tax Evasion by Sports-Betting Firms

Ethiopian authorities have arrested 24 people connected to sports-betting companies that are accused of hiding more than 100 billion birr in government revenue, according to the National Intelligence and Security Service (NISS). NISS said it had been watching betting companies and payment providers, including fintech and aggregator firms, over suspected illegal activities. Investigators found that

StockMarket.et28 Nov 2025

Banking & Finance

Awash Bank Partners with Mastercard to Expand Digital Payments in Ethiopia

Awash Bank has signed a new strategic partnership with Mastercard to help strengthen Ethiopia’s digital economy. The deal is expected to speed up the use of modern digital payment systems across the country. Through this collaboration, Awash Bank will use Mastercard’s global technology and experience, while Mastercard will benefit from Awash Bank’s strong local presence

StockMarket.et26 Nov 2025

AWAB-2.78%

Banking & Finance

Zemen Bank Secures USD 85 Million to Boost Trade

Zemen Bank has secured a total of USD 85 million in trade finance from two international partners: the African Export–Import Bank (Afreximbank) and the Trade and Development Bank (TDB). This funding will help the bank better support import and export activities in Ethiopia. It will also improve access to foreign currency for important sectors of

StockMarket.et25 Nov 2025

Banking & Finance

EthSwitch Partners With Mastercard to Open Ethiopia’s Payments to the World

EthSwitch, Ethiopia’s national payment switch, has signed a new partnership with Mastercard that will let Ethiopian banks issue prepaid cards that work worldwide. The deal will also allow Ethiopian businesses to accept international payments for the first time. The agreement was signed on Monday at the Sheraton Addis hotel. Through this partnership, EthSwitch will connect

StockMarket.et24 Nov 2025