The National Bank of Ethiopia issued a notice to all banks mandating the use of the National ID for new bank account openings starting January 1, 2025, for branches in Addis Abeba while the same will apply for branches in major cities on July 1, 2025. All branches nationwide must comply starting January 1, 2026, while existing account holders are required to present their National ID by December 2026. The Central Bank stated its objectives for the move are to enhance the security of the financial system, promote financial inclusion, prevent fraud, streamline customer onboarding and ensure data ownership and protection. The letter also permits the remote opening of bank accounts using the National ID provided all required information is provided. According to the National ID Program’s website, there are currently more than 10 million people registered at 33 implementing partners. Last month, UNICEF Ethiopia handed over 100 biometric registration kits to the Program.
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