KCB Group plans to acquire a stake in an Ethiopian bank as part of its expansion strategy. The investment depends on regulatory approval in Ethiopia’s evolving banking framework. The Kenyan lender ...

Ethiopia’s National Bank has deployed a record-breaking $500m foreign-exchange auction in a high-stakes attempt to stabilise the birr and challenge the dominance of the parallel market.

Addis Ababa, April 16, 2025 (ENA) --- The National Bank of Ethiopia has disclosed that it will conduct a foreign exchange auction tomorrow, Thursday, April 17, 2025, amounting to 70 million USD. The ...

The National Bank of Ethiopia has prohibited peer-to-peer crypto currency trades denominated in birr as it develops a formal regulatory framework for digital assets.

KCB Group targets Ethiopia entry by 2026 through a strategic acquisition to grow its ...

Since 2021, three World Bank-supported projects in Ethiopia have helped expand digital access significantly, benefiting more than seven million Ethiopians to date and facilitating the transition to a ...