The National Bank of Ethiopia (NBE) has issued a public notice banning a list of money transfer service providers from operating in the country, citing lack of authorisation and involvement in illegal activities. In a statement released on April 3, 2026, in Addis Abeba, the central bank said the affected entities either operate without a licence or were previously authorised but later found to be in violation of regulatory requirements. The list includes operators such as Amal Express, Juba Express, Dahab Money Transfer, and Tawakal Money Services, among others. The bank also published an updated list of licensed and authorised remittance agents on its official website, aimed at directing users toward regulated financial channels and reducing reliance on informal operators. The NBE urged the public to avoid transactions with the banned providers, warning that engagement with unlicensed services carries legal and financial risks.
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