Ethiopia Ends CBE Monopoly On China-Bound Export Permits

NBE Authorizes All Banks to Issue Export Permits for China Bound Goods, Ending CBE’s Monopoly – Ethiopian Monitor

The National Bank of Ethiopia (NBE) has authorized all commercial banks to issue export permits for China bound goods, ending Commercial Bank of Ethiopia or CBE’s monopoly in the process. The move, accoridng to the NBE, aims to further streamlining the nation’s foreign trade sector, enhancing competitiveness, and creating a more accessible environment for exporters. The National Bank said that based on the general economic and financial cooperat…

Ethiopia Allows Private Banks to Issue Export Trade Permits to Products Destined China – New Business Ethiopia Ethiopia Allows Private Banks to Issue Export Trade Permits to Products Destined China

The National Bank of Ethiopia today announced the complete removal of the restriction previously imposed on private banks in the country from issuing export trade permits for products shipped to the People’s Republic of China. The decision aims to further facilitate Ethiopia’s export trade sector, enhance competitiveness, and create more convenient and accessible banking services […]

Ethiopia Ends CBE Monopoly On China-Bound Export Permits

Ethiopia’s central bank has authorized all licensed commercial banks to issue export permits and process trade-related banking services for goods destined for China, ending an arrangement that had previously centralized the process exclusively under the state-owned Commercial Bank of Ethiopia (CBE). In a public notice issued today, the National Bank of Ethiopia (NBE) said the restriction had been lifted effective immediately as part of efforts t…

Ethiopia lifts monopoly on China-bound export licenses, opening access to all commercial banks

The Government of Ethiopia has officially lifted the long-standing restriction that limited the issuance of export licenses for goods destined for the People’s Republic of China exclusively to the Commercial Bank of Ethiopia (CBE). Effective immediately, all licensed commercial banks operating within the country are fully authorized to process export permits, manage documentary credits, and handle all related financial transactions for trade wit…