Ethopia
Ethiopia: EthSwitch, Oromia Bank and Mastercard partner to ensure all banks ATMs accept Mastercard debit, credit, and prepaid cards
EthSwitch, Ethiopia’s national payment switch, Oromia Bank and Mastercard have announced a landmark partnership that sees all the bank’s Automated Teller Machines (ATMs) ...
Ethopia
Ethiopia to further liberalise its telecoms sector
Ethiopia has reactivated the process of selling a 40% stake in state-owned Ethio Telecom and a separate plan to issue a second full ...
Ethopia
Ethiopia: Commercial Bank Restores Banking Services in Seven Branches in Western Tigray
Commercial Bank of Ethiopia announced that it has restored banking services in seven branches in Western Tigray which is currently under the occupation ...
Ethopia
Ethiopia: Foreign banks granted same entry capital as local banks
Foreign banks willing to join the Ethiopian banking sector independently will have to fulfill the same minimum threshold of paid up capital as ...
Ethopia
Ethiopia: Safaricom plans $8bn investment in Ethiopia
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 ...
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 ...
