Ethiopia Central Bank Says Foreign Banks Can Apply for Licences

Ethiopia opens banking sector to foreign investors

ADDIS ABABA, June 26 (Xinhua) -- The National Bank of Ethiopia (NBE) has said the country's banking services, which were exclusively available to local investors, have been officially opened to foreign banks and investors for the first time. Read full story

Ethiopia central bank says foreign banks can apply for licences

International banks and investors can apply for a licence to operate in Ethiopia immediately, according to a central bank statement, capping the government's drive to attract more overseas investment into the domestic banking sector.

Kenyan banks set to enter Ethiopian market after nod

Kenyan banks are poised for a strategic opportunity after the National Bank of Ethiopia announced its readiness to issue licenses to foreign banks in a move that could mirror Safaricom’s foray during the opening up of the telecoms market in 2019. Ethiopia’s central bank on Wednesday invited international banks and investors to apply for licences, […]

Ethiopia Opens Banking Sector to Foreign Investors - Tech

Ethiopia has officially opened its banking sector to foreign investors in a bid to attract overseas capital and expertise into its financial system. According to a statement issued on Wednesday by the National Bank of Ethiopia (NBE), international banks and investors can now apply for licenses to operate in the country. “NBE (National Bank of Ethiopia) is very pleased to declare that the Ethiopian banking sector is hereby open for foreign partic…

Ethiopia opens banking sector to foreign investors in landmark reform - Innovation Village | Technology, Product Reviews, Business

In a historic move that marks a turning point in Ethiopia’s economic trajectory, the country’s central bank has issued a long-anticipated directive allowing foreign banks and investors to formally enter its financial sector. This development is a cornerstone of Ethiopia’s broader economic liberalization agenda and follows the ratification of a new banking law by parliament in December 2024. This is the first time Ethiopia has opened its banking …

Ethiopia opens banking sector to foreign investors for first time in 50 years

Ethiopia’s central bank has issued a long-awaited directive allowing foreign banks and investors to formally enter its financial sector, marking a major step in the country’s broader economic liberalisation programme. The move comes after years of reform commitments and follows the December 2024 ratification of a new banking law by parliament. It is the first time Ethiopia is opening its banking system to foreign financial institutions since the…