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Birr 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...
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National 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,...
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KCB 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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National Bank of Ethiopia FX Auction No. 20 Settles at 155.88 Birr/USD as Demand Hits $177 Million
The National Bank of Ethiopia (NBE) has announced the results of Foreign Exchange Auction No. 20, allotting USD 70 million...
Read moreDetailsNBE Allots $455.29 Million in Second $500 Million Special FX Auction
National Bank of Ethiopia has announced the results of its second $500 million special foreign exchange auction, with $455.29 million...
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Dashen Bank Opens New Share Sale Following ECMA Prospectus Approval
Dashen Bank S.C. has opened a new share offering to investors following the approval of its prospectus by the Ethiopian...
Read moreDetailsNational Bank of Ethiopia Appoints Two External Members to Monetary Policy Committee
The National Bank of Ethiopia (NBE) has appointed two external members to its Monetary Policy Committee (MPC), a move aimed...
Read moreDetailsNBE FX Auction Settles at 155.12 Birr per Dollar
The National Bank of Ethiopia (NBE) set the birr at 155.12 per US dollar in its latest foreign exchange auction,...
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IFC Commits $10M Risk Facility to Boost Dashen Bank’s SME Lending
Dashen Bank has entered into a new partnership with the International Finance Corporation (IFC) to expand access to finance for...
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National Bank of Ethiopia Appoints New Chief Officers to Lead Markets, Operations and Technology
The National Bank of Ethiopia (NBE) has announced the appointment of two senior executives to strengthen its leadership team amid...
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