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Banking & FinanceThe National Bank of Ethiopia (NBE) on Saturday launched the country’s first full Central Securities Depository (CSD) and introduced a new digital investor platform called Ts’ega, in a move aimed at modernising Ethiopia’s financial market infrastructure. The new CSD system will store and manage securities electronically, replacing manual processes and reducing the risk of errors.
Banking & FinanceThe Commercial Bank of Ethiopia (CBE) has announced that its interest-free banking division, CBE Noor, has been named Best Interest-Free Banking Service in East Africa at the 11th International Islamic Retail Banking Awards. The award was presented today in Karachi, recognizing CBE Noor’s strong commitment to expanding access to interest-free banking services across Ethiopia. The
The National Bank of Ethiopia (NBE) has released its official foreign exchange auction schedule for the remainder of the fiscal year, unveiling a total allocation of USD 520 million for upcoming auctions. According to the statement, USD 420 million has been designated for the third quarter of FY 2025/26, while an additional USD 100 million
Banking & FinanceAwash Bank, in partnership with Ethio Telecom, has officially launched Tila, a new digital microfinance and savings service, along with a smart-device financing program through Telebirr. The services, unveiled today, aim to expand access to credit and digital financial solutions for both urban and rural communities across Ethiopia. The Tila platform introduces fast, accessible, and
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Banking & FinanceEthiopia’s Capital Market Authority (ECMA) has granted a Capital Market Service Provider licence to Awash Capital Investment Bank S.C., allowing it to operate as an investment bank within the Awash banking group, the regulator said on Wednesday. The approval includes licences for four appointed representatives and the endorsement of five board directors at Awash Capital,
Banking & FinanceA new audit by the Office of the Federal Auditor General (OFAG) has exposed serious financial management breaches at the Ministry of Finance, including the collection of over 15.1 billion birr in revenues not recorded in the government’s 2023/24 approved budget. According to the report, led by Auditor General Meseret Damte, the Ministry collected substantial
Banking & FinanceThe Commercial Bank of Ethiopia (CBE) has officially launched its new digital savings and loan platform, CBE Beje, at the bank’s new headquarters in Addis Ababa. This marks a major step in the bank’s effort to expand credit access through digital channels. The CBE Beje Digital Savings and Loan Service enables customers to access collateral-free
Banking & FinanceEthiopian authorities have arrested more than 100 people and frozen over 500 bank accounts in a sweeping operation targeting illegal foreign exchange and cryptocurrency transactions, the National Intelligence and Security Service (NISS) said on Friday. The coordinated operation, conducted with the Financial Security Service, the Ethiopian Federal Police, and regional security agencies, comes amid the
Banking & FinanceThe National Bank of Ethiopia (NBE) has issued a new directive, “Foreign Exchange Exposure Limits of Banks Directive No. SBB/96/2025,” effective November 10, 2025, replacing the previous Directive No. SBB/27/2001. The directive limits banks’ overall foreign exchange exposure to ±18% of Tier 1 capital at the close of each business day. While exposure in individual
Banking & FinanceAwash Bank has launched a new platform, MESMER Digital Lending, aimed at expanding access to finance for small and medium-sized enterprises (SMEs) through a fully digital system. The platform allows SMEs to apply for loans via the Awash Birr Pro mobile application or by dialing *901#, streamlining the lending process and reducing barriers to credit
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Banking & FinanceM-PESA Ethiopia has reported continued strong growth, reaching 3.4 million active customers over the past six months, up 174.8% year-on-year, as the mobile money platform deepens its reach in the country’s fast-evolving digital payments market. The Safaricom-led service processed transactions worth 12.3 billion birr ($206 million) during the period and onboarded more than 30,700 active
Banking & FinanceEthiopia’s national payment switch operator, EthSwitch, reported strong growth in transaction volumes and financial performance during its 12th Annual Shareholders Meeting held on Tuesday at the Sheraton Addis. The company said it processed 287.4 million interoperable transactions valued at 741.1 billion birr ($12.8 billion) over the past fiscal year, reflecting significant expansion in digital payment
