NBE Leads Week-Long Bank Supervision Application Forum

Jul 13 , 2025


[ssba-buttons]

The National Bank of Ethiopia (NBE) is hosting a week-long Bank Supervision Application (BSA) User Group meeting that began on July 7, 2025. The BSA system, developed by a pan-African consortium of central banks including the NBE, automates supervisory work for financial regulators. NBE will take over the rotating BSA chairmanship in September. Opening the session, Frezer Ayalew, Director of Bank Supervision, stressed the need for modern tools to handle growing regulatory demands amid cybersecurity risks, new technologies, changing business models and geopolitical uncertainties. Over 70 participants from 17 African countries and beyond are attending the meeting, which aims to boost collaboration and knowledge-sharing among regulators.


Radar

Spice Shipments Bring Nearly 15 Million Dollars

Spice exports fetched 14.94 million dollars from 15,612 tons shipped in the past fiscal year, the Coffee & Tea Authority reported. Top buyers included India, Egypt, Saudi Arabia, the United States, Canada, the UAE, Yemen, Kenya, Iraq, and Pakistan. Leading exports ranged from long pepper and cardamom to cumin, coriander, ginger, turmeric, chili, rosemary, basil, thyme, and rue. Officials said a new quality and trade guideline has been finalised and forwarded to the Ministry of Agriculture...


Radar

Private-Sector Confidence Grows as Foreign Investment Climbs

Ethiopia attracted four billion dollars in foreign direct investment during the 2024/25 fiscal year, up 2.2 percent from the previous year. The investment authority credited policy reforms, digitised services, and broader access to strategic sectors for the growth. Authorities issued 544 new and expansion permits, with foreign investors taking the largest share. The import-export trade sector, recently opened to foreign participation, secured 61 licenses. Fourteen industrial parks were upgraded...


Radar

Labor Ministry Launches Tool for Safer Migration

The Ministry of Labor & Skills has rolled out "Lemenegede", a mobile app designed to support Ethiopians in overseas employment. Built in-house and backed by the International Labour Organization, it offers guidance on pre-departure prep, rights and obligations, and channels for filing complaints while abroad. State Minister Nebiha Mohammed said the tool safeguards migrant workers' rights and welfare, with versions available in Amharic, Arabic, and English via Telebirr. ILO's Ethiopia Dire...