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Gov’t gives M-Pesa the nod as preconditions materialize
Government announces that it has granted Safaricom Ethiopia a license to operate its mobile money platform M-Pesa in Ethiopia after reaching agreements with the...
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National Bank of Ethiopia freezes 391 individuals bank account
National Bank of Ethiopia freezes 391 individuals bank accounts in connection with illegal remittance activity.
Yinager Dessie, Governor of NBE, has also stated that it...
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The “Black Market Dollar” records pendulum swings
Volatility and disparity of foreign currency exchange arise in the black market with sabotage signaled as the primary fuel by financial experts. If this...
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South Sudan spurs huge logistical moves for Ethiopia, Djibouti
Major moves from a fortnight back between Djibouti, Ethiopia and South Sudan have materialized on matters of logistics.
On September 18, a delegation led by...
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Tele’s BRIDGE strategy nets huge success
LEAD, its successor to fly the firm even higher
By Metasebia Teshome
Ethio Telecom, under the timeframe of its BRIDGE strategy which spanned from 2019 to...
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Dollar exchange rate continues to widen
Dire-Dawa Free Trade Zone, contraband, Franco-Valuta, are said to attribute to the widening gap
Expansion and low control of contraband, Franco-Valuta scheme and the opening...
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Foreign banks entry to cut with a double edge
Foreign banks’ representatives in Ethiopia are closely inspecting the newly proposed financial code which is expected to allow foreigners to get into the banking...
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New insurers’ capital directive receives mixed bag reactions
Minimum paid up capital set to 500 million birr
The National Bank of Ethiopia’s decision to increase the minimum paid up capital of the insurance...
