NBE and ESX Forge Strategic Partnership to Strengthen Ethiopia’s Interbank Money Market

The National Bank of Ethiopia (NBE) and the Ethiopian Securities Exchange (ESX) have signed a landmark Memorandum of Understanding (MoU) to enhance the governance and transparency of Ethiopia’s interbank money market using the ESX trading platform.

H.E. Mamo Mihretu, Governor of NBE, emphasized the crucial role of this initiative in modernizing financial markets, improving liquidity, and strengthening monetary policy transmission.

Since its launch in October 2024, the platform has facilitated transactions exceeding 377 billion ETB, marking a significant leap in Ethiopia’s financial sector development. The agreement sets the foundation for enhanced cooperation, risk mitigation, and market integrity, ensuring that the interbank money market operates with efficiency and confidence.

As Ethiopia deepens its financial sector reforms, this collaboration is expected to enhance market confidence, promote transparency, and drive financial stability, positioning Ethiopia as an emerging player in regional capital markets.