Ethiopian commercial banks will be required to disclose to customers all fees and commissions relating to forex transactions effective immediately, the central bank has said in a statement. In a statement issued on October 15th, the National Bank of Ethiopia (NBE) said banks are to operate transparently while following international standards and disclose hidden charges…...
Trending
- Interview with Mamadou Faye, founder and CEO of La Sénégalaise de l’Assurance Vie
- Dr George Agyekum Donkor honoured with African Development Finance Leadership Award held at the House of Lords, London, United Kingdom
- ATIDI Celebrates Silver Jubilee at AGM, Posts Strong Performance and Is Endorsed as Pan African Guarantee Platform
- Guinea Bissau awards 12.5 billion CFA francs on the UMOA financial market
- Morocco: CIH Bank is preparing its future headquarters at Casablanca Finance City and accelerating its upgrade
- Dividends 2025: The International Bank for Industry and Commerce of Benin will allocate nearly 15 billion CFA francs to its shareholders
- Emmanuelle Riedel Drouin appointed Deputy CEO of Proparco
- World Bank: Ivorian Sylvain Kakou appointed Senior Country Manager for Gabon
Ethiopian banks to disclose all forex charges to customers, Central Bank says
Muthoga Mungania
Muthoga Mungania is an award-winning, Nairobi-based multimedia journalist covering economic, corporate, financial, tech and investor relations matters among other business stories. Muthoga is seasoned in data and market analysis, corporate finance, and economic trends, making them a trusted voice in East African business journalism, communications and consultancy.
Add A Comment
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com