Forexoffice

Ethiopia Grants Foreign Exchange Office Work Permits to Five Institutions The National Bank of Ethiopia (NBE) has granted operating licenses to five non-bank foreign exchange bureaus, marking a significant step toward expanding foreign exchange services in the country. These licenses are part of the central bank's effort to diversify and improve access to foreign exchange services by allowing private entities, not directly affiliated with banks, to operate in this sector. The newly licensed foreign exchange bureaus include Dugda Fidelity Investments, Ethio Independent, Global, Robust, and YogaForex. According to the NBE, these institutions were granted permits after fulfilling all the regulatory…