BANKING | Ethiopia Unveils Capital Requirements for Foreign Banks Looking to Set Up Shop

BANKING | Ethiopia Unveils Capital Requirements for Foreign Banks Looking to Set Up Shop

The National Bank of Ethiopia has unveiled the capital requirements and regulations that will govern foreign bank ownership in the 120 million-person market. According to local reports, the directive is laid under a circular titled ‘Requirements for Licensing and Renewal of Banking Business and Representative Office Directive No. SBB/XX/2025′ which replaces the 2013 directives.   With the directive, Ethiopia, which in 2024 legalized the ability …