Kacha Digital Finance Services, an Ethiopian financial technology (fintech) company, recently received approval from the National Bank of Ethiopia (NBE) to offer services such as remittances, bill payments, airtime purchases and accepting merchant payments through its eponymous mobile app. The firm, which
Tag: National Bank of Ethiopia
MICROCAPITAL BRIEF: National Bank of Ethiopia Permitting MFIs to Transform into Banks, Banks to Borrow from Foreign Financial Institutions
The National Bank of Ethiopia (NBE), the country’s central bank, recently announced it has passed directives allowing the following: (1) microfinance institutions to transform into banks; and