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Private banks in Ethiopia are now facing severe liquidity and credit management challenges. The NBE stated that poor cash management is the root cause of the liquidity problem, which has led most banks to rely on short-term loans from the central bank via a standing facility window. However, this facility is meant to be used as a last ...
Banking on wheels has been developing for decades worldwide, while Ethiopian financial institutions are just coming to terms with the need for it. Yet, the National Bank of Ethiopia says it's not ready to regulate such services.
The revised directive is a first step toward opening the mobile money sector in Ethiopia to foreign investment. As the revised directive has not yet been tested in practice, it may be necessary to make additional modifications to ensure the success of Mobile money services in Ethiopia.
InsurTech, short for Insurance Technology, is a term that refers to the application of technological innovations in the insurance industry. This involves utilizing various technologies such as the Internet of Things (IoT), Blockchain, Big Data, the Internet, Social Media Data, Mobile, Chatbots, Telematics, Biometrics, Artificial ...
The National Bank of Ethiopia (NBE) has increased the minimum capital requirements for microfinance firms (MFIs) by over seven folds as of January 16, 2023. This came as no surprise to existing Microfinance institutions or those under establishment, as the Bank has indicated a capital requirement increase is imminent.