NBE Mandates Full Dematerialization of Government and NBE Securities - Capital Newspaper

NBE mandates full dematerialization of government and NBE Securities - Capital Newspaper

In a landmark move to modernize its financial sector, the National Bank of Ethiopia (NBE) has mandated the dematerialization of all government and NBE securities, transitioning from paper-based certificates to an electronic book-entry system. The new directive, No. MFAD/001/2025, aims to enhance market efficiency, transparency, and investor confidence while mitigating systemic risks. As per the new directive all government and NBE securities mus…

Ethiopia’s Remittance Startup Smilepay Launches Global Money Transfer Service

Smilepay, a digital remittance startup backed by Kazana Group, has officially launched its global money transfer service after securing regulatory approval from the National Bank of Ethiopia (NBE). The platform, now live, provides individuals and businesses with a streamlined way to send money to Ethiopia from anywhere in the world. Smilepay is currently connected to 29 banks across Ethiopia, enabling direct transfers to local bank accounts and …