National Bank restricts CAD payments to African countries

7 Mwezi wa kwanza, 2026

Imeripotiwa na AI

The National Bank of Ethiopia (NBE) has restricted the use of Cash Against Documents (CAD) payment terms for exports to African countries. This policy change was announced on January 10, 2026. The measure could impact Ethiopia's trade arrangements with neighboring nations.

The National Bank of Ethiopia (NBE) announced on January 10, 2026, a restriction on the use of Cash Against Documents (CAD) payment terms for exports destined to African countries. This policy shift, reported by Fortune staff writer Bezawit Huluager, aims to regulate Ethiopia's external trade practices.

Details from the announcement indicate that CAD, a common payment method where documents are released against cash payment, will face limitations in transactions with African partners. Such measures could stem from efforts to safeguard export proceeds or strengthen financial controls amid regional economic dynamics.

Ethiopia's banking policies have evolved over time to address trade imbalances and currency flows. This new restriction may require exporters and financial institutions to adapt to alternative payment mechanisms, potentially affecting cross-border commerce with African nations. Further specifics on implementation are expected in coming updates.

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