In a spirited financial gathering, the National Bank of Ethiopia (NBE) has launched a national portal designed to streamline the process for Ethiopians in the diaspora to virtually open bank accounts in both local and foreign currencies.
Launched in collaboration with commercial banks, the platform is already integrated with 30 banks, allowing users to register and open accounts with multiple financial institutions in Ethiopia. Unite.et provides a unified web and mobile interface that simplifies account management and offers vital services such as loan applications and online account management.
During the launch event at Skylight Hotel, NBE Governor Mamo Mihretu emphasized the importance of foreign exchange management reforms and their positive impact on Ethiopia’s economy. “We are undergoing significant economic reforms, and the NBE is committed to providing banking solutions for non-resident Ethiopians,” he said. “Our goal is to ensure that these reforms benefit non-resident Ethiopians and contribute to the economy through formal remittance channels.”
Unite.et, focuses on facilitating digital onboarding and banking services for millions of non-resident Ethiopians and persons of Ethiopian origin, enabling them to engage in banking, payments, and investment activities within Ethiopia.
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