The National Bank of Ethiopia (NBE) is developing a regulatory sandbox that could allow financial technology firms to test platforms enabling international online payments of up to 5,000 US dollars annually, according to sources familiar with the initiative. The proposed framework would create a controlled environment where selected fintech companies can pilot cross-border payment services […]

Weak certification systems, limited laboratory capacity and inconsistent inspections are preventing Ethiopian agricultural exporters from securing higher prices and gaining wider access to premium global markets, industry officials and policymakers said on Tuesday. The constraints have contributed to repeated shipment interceptions, rejected consignments and price discounts for products that otherwise have the potential to compete […]

Sidama Bank S.C. has registered 1,447,002 existing shares with the Ethiopian Capital Market Authority (ECMA), becoming the latest private lender to align its securities with the country’s newly introduced capital market regulatory framework. ECMA approved the bank’s Registration Statement on July 20, according to a public notice issued under Articles 4 and 29 of the […]

An Ethiopian-born man has been charged with nearly 200 criminal offenses in connection with an alleged months-long theft operation targeting gym-goers in Northern Virginia, according to U.S. authorities. Kumneger Ayalsew, 29, of Alexandria, Virginia, was arrested on June 26 after investigators linked him to a series of vehicle break-ins and credit card fraud cases outside […]

The country’s cooperative sector is beginning a long-delayed digital overhaul after years of relying on paper-based systems, with regulators seeking to modernise a network of more than 18,000 institutions that has largely remained outside Ethiopia’s rapid expansion of digital finance. The transition comes as Pitron Tech Solutions launches FinOS, a digital financial management platform designed […]

A new digital marketplace is seeking to reshape the country’s coffee export model by allowing roasted coffee brands to reach international consumers directly, challenging a long-standing system in which most exports leave the country as unprocessed green beans. Launched by EXM Global PLC in partnership with DHL Express Ethiopia, the platform is the first multi-brand […]

Digital financial service providers have created an industry association after six years of informal coordination, marking a new stage for a market that has expanded rapidly since regulators opened the country’s payments ecosystem beyond traditional banks. The Ethiopia’s Digital Financial Service Providers Association (EDFSPA) was formally launched on Tuesday after operating as a working group […]

The National Bank of Ethiopia (NBE) is developing a regulatory sandbox that could allow financial technology firms to test platforms enabling international online payments of up to 5,000 US dollars annually, according to sources familiar with the initiative. The proposed framework would create a controlled environment where selected fintech companies can pilot cross-border payment services […]

Weak certification systems, limited laboratory capacity and inconsistent inspections are preventing Ethiopian agricultural exporters from securing higher prices and gaining wider access to premium global markets, industry officials and policymakers said on Tuesday. The constraints have contributed to repeated shipment interceptions, rejected consignments and price discounts for products that otherwise have the potential to compete […]

Sidama Bank S.C. has registered 1,447,002 existing shares with the Ethiopian Capital Market Authority (ECMA), becoming the latest private lender to align its securities with the country’s newly introduced capital market regulatory framework. ECMA approved the bank’s Registration Statement on July 20, according to a public notice issued under Articles 4 and 29 of the […]