Ethopia
Ethiopia: Ethiopia restricts banks from issuing foreign currency
Ethiopia has ordered banks to deny foreign currency to businesses importing non-priority goods, in an effort to shore up dwindling foreign reserves in ...
Ethopia
Ethiopia: Central Bank orders banks to freeze LC issuance for import of 38 products
The National Bank of Ethiopia has informed banks to freeze issuance of Letters of Credit (LC) ti import 38 types of products as ...
Ethopia
Ethiopia: National Bank to press charges against 391 bank account holders suspected of illegal money transfer
National Bank of Ethiopia says it has closed 391 bank accounts and due to file charges against the account holders who are suspected ...
Ethopia
Ethiopia approves roll out of M-Pesa
Ethiopia has okayed Safaricom to introduce its popular mobile money service, M-Pesa, in the market of over 110 million people. The announcement was ...
Ethopia
Ethiopia: Ethio Telecom Unveils Three-Year Development Strategy
The state owned telecom giant, Ethio telecom, has unveiled a three-development strategy called “Lead” covering the period from June 2022 – June 2025 ...
Ethopia
Ethiopia: Safaricom Ethiopia to build $60mln Tier III Data Center
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 ...
Ethopia
Ethiopia: World Bank’s IFC to invest $160m in Safaricom Ethiopia
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 ...
Ethopia
Ethopia: IFC buys Sh19.2bn stake in Safaricom Ethiopia
Safaricom and its partners in the Ethiopian venture will see their combined stake drop by up to 15.5 percent after the International Finance ...
Ethopia
Ethopia: Ethiopian Crypto Providers Will Now Need To Register With CyberSecurity Agency
Cryptocurrency service providers that are operating in Ethiopia have been instructed to register with the nation’s cybersecurity agency. The cybersecurity agency is called ...
Ethopia
Ethiopia: Ethio Telecom selects Subex for fraud management solution
Ethio Telecom has selected Subex to deploy its Fraud Management solution, replacing its existing legacy fraud management system. Ethio Telecom is Ethiopia’s leading telecoms provider, ...
