Foreign banks willing to join the Ethiopian banking sector independently will have to fulfill the same minimum threshold of paid up capital as ...

Safaricom says it plans to invest US$300 million a year into Ethiopia over the next ten years, having already invested US1.2 billion in ...

Ethiopia has ordered banks to deny foreign currency to businesses importing non-priority goods, in an effort to shore up dwindling foreign reserves in ...

The National Bank of Ethiopia has informed banks to freeze issuance of Letters of Credit (LC) ti import 38 types of products as ...

National Bank of Ethiopia says it has closed 391 bank accounts and due to file charges against the account holders who are suspected ...

Ethiopia has okayed Safaricom to introduce its popular mobile money service, M-Pesa, in the market of over 110 million people. The announcement was ...

The state owned telecom giant, Ethio telecom, has unveiled a three-development strategy called “Lead” covering the period from June 2022 – June 2025 ...

The Tier-III telco-cloud Data Center will be built inside the ICT Park in Addis Ababa. The telco revealed the plan after signing a ...

The World Bank is investing US$160 million into the Safaricom project to build a new network in Ethiopia. Safaricom Ethiopia started services two weeks ...

Safaricom and its partners in the Ethiopian venture will see their combined stake drop by up to 15.5 percent after the International Finance ...