Nejashi Bank Latest Ethiopian News

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Hijira Bank’s Board Receive Approval

The National Bank of Ethiopia (NBE) has given the green light to the founding board of directors of Hijra, the second under establishment, full-fledged interest-free bank in the country. Issued on September 14, 2020, under the signature of Frezer Ayalew, director of banking supervision at the central bank, the letter approved the nomination of the 13 board members drawn from the academia, law, ICT, finance and business arenas.

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ZemZem Bank starts selling shares

ZemZem Bank, whose formation was aborted seven years ago following issues with the central bank, has been resurrected and has restarted its formation process.

The founders of the Bank, who lobbied for the establishment of a full-fledged interest-free bank in Ethiopia, have submitted a letter to the National Bank of Ethiopia to reinstate the formation process.

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Products and Services in Ethiopia

Date: Jan 17, 2022
Currency (Code)Buying RateSelling Rate
US DollarUS Dollar(USD)49.510350.5005
EuroEuro(EUR)56.719057.8534
Pound SterlingPound Sterling(GBP)64.923466.2219
UAE DirhamUAE Dirham(AED)12.197312.4412
Saudi RiyalSaudi Riyal(SAR)11.939612.1784
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