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Articles and commentary from Hirko & Associates.
Ethiopia Joins PAPSS: What Does it Mean for Banks, Fintechs and Cross-Border Trade
On 15 October 2026, Ethiopia officially joined the Pan-African Payment and Settlement System (PAPSS), a continental payment infrastructure designed to facilitate…
NBE Prohibits Upfront Interest and Pre-Maturity Compounding for Microfinance Institutions
The National Bank of Ethiopia has extended to microfinance institutions a prohibition on the upfront recognition and payment of deposit interest and on the compounding…
Ethiopia’s Collective Investment Schemes Framework Now Fully Operational
The Ethiopian Capital Market Authority (ECMA) has announced a significant milestone in the development of Ethiopia’s capital markets. As of September 23, 2026, the…
Operating in Addis Ababa with a Regional License: Understanding the Legal Framework
The Addis Ababa City Administration Revenue Bureau recently announced a sweeping enforcement action targeting vehicle importers operating within the capital using…
NBE Issues Public Warning Against Unauthorized Money Transfer Operators
The National Bank of Ethiopia (NBE) has issued a fresh public warning against the use of unlicensed Money Transfer Agents (MTAs) and illegal Hawala networks, naming…
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