The central bank of Ethiopia, which will oversee regulatory sandboxes for fintech startups under the new law.
Here’s a list of remittance companies cleared to handle cross-border remittances in Ethiopia
The National Bank of Ethiopia has licensed 88 money transfer operators. Global companies like Western Union and MoneyGram are operating alongside newer entrants.
Ethiopia’s Central Bank launches crackdown on illegal money transfers
The National Bank of Ethiopia has launched a crackdown on unlicensed money transfer operators. Governor Eyob Tekalign emphasizes the need to stabilize the currency and curb underground money movement.
Ethiopia holds rate at 15% as inflation eases but stays above target
The National Bank of Ethiopia kept its benchmark rate unchanged at 15% after the MPC meeting on September 25, 2025. Headline inflation slowed to 13.6% in August, down from 18.8% a year earlier, due to lower food prices.
After two years, Ethiopia’s Mamo Mihretu quits Central Bank post to chase “other passions”
Mamo Mihretu has stepped down as governor of the National Bank of Ethiopia after two years in office. He was appointed by Prime Minister Abiy Ahmed in January 2023.
Ethiopia’s Central Bank bans four U.S. remittance companies over fraudulent moves
The National Bank of Ethiopia banned four money transfer companies for operating without licenses. TAAJ Money Transfer previously pleaded guilty to violating the Bank Secrecy Act after moving over $66 million without proper reporting.
