News Ethiopia Banks: Telecom Vs banks: Ethiopia’s mobile money battle
The National Bank of Ethiopia (NBE) issued a Mobile money and Agent banking directive in January 2013 to reach unbanked communities. The directive enabled banks and microfinance institutions to ...
News Ethiopia Banks: Ethiopia Relaunches Process For Second Private Telecoms Operator
Ethiopia announced Friday it was relaunching the process to issue a second private telecommunications licence as it continues to open up the sector.
News Ethiopia Banks: Ethiopia's parliament removes Tigray rebel party from terror list
"The House adopted the decision to remove the terrorist designation of the TPLF by a majority vote," the Ethiopian House of People's Representatives said on its Facebook account.
News Ethiopia Banks: Ethiopia appoints senior TPLF official as head of Tigray interim govt
The Ethiopian government said Thursday it has appointed a top official in the Tigray People's Liberation Front (TPLF) as head of an interim administration for Tigray, the latest confidence building measure under their landmark peace deal."The formation of an interim administration is a key steppingstone to further rounds of disarmament and confidence building among government financiers, including the IMF and World Bank," he added in a note.
News Ethiopia Banks: Ethiopia says Tigray interim administration set up as part of peace plan
ADDIS ABABA (Reuters) - Ethiopia's office of the Prime Minister said on Thursday an interim administration for the Horn of Africa country's northern region of Tigray has been established, a key step in implementation of a peace plan to end war there. The interim administration was set up by the upper chamber of Ethiopia's parliament with Prime Minister Abiy Ahmed appointing Getachew Reda, as a
News Ethiopia Banks: Ethiopia appoints rebel leader to head regional government
The Ethiopian government on Thursday appointed a Tigrayan rebel figure to head the interim government of the northern region, a major step in the implementation of a peace deal signed by the two sides after two years of civil war.
News Ethiopia Banks: Ethiopia replaces central bank boss amid high inflation
Yinager Dessie was appointed as governor of the National Bank of Ethiopia (NBE) in 2018 shortly after Prime Minister Abiy Ahmed came to power. The head of Ethiopia’s central bank has been replaced as ...
News Ethiopia Banks: Ethiopia: Sustainable Energy Fund for Africa provides $10 million grant to support Tulu Moye Geothermal Resource Development
The Board of Directors of the African Development Bank Group has approved a $10 million reimbursable grant from the Sustainable Energy Fund for Africa (SEFA) to support a geothermal drilling progra. . .
News Ethiopia Banks: Meta accused in lawsuit of allowing posts that inflamed Ethiopia conflict
Meta Platforms was accused in a lawsuit filed in Kenya on Wednesday of letting violent and hateful posts from Ethiopia flourish on Facebook, inflaming the Ethiopian civil war.
News Ethiopia Banks: Ethiopian central bank orders branch reopening in conflict-affected areas
The Ethiopian central bank has ordered banks to reopen branches in areas controlled by the Ethiopian National Defence Force, after the Tigray war ended on November 2. The federal government and the ...
News Ethiopia Banks: World Bank approves $180m for refugees, host communities in Ethiopia
June 29, 2022 (WASHINGTON) – The World Bank has approved the second phase of the Development Response to Displacement Impacts Project in the Horn of Africa (DRDIP II) for $180 million in International Development Association (IDA) financing to help Ethiopia improve access to basic social and economic services, expand livelihood opportunities, and enhance environmental management for refugees and their host communities.The fund, it said in a...
News Ethiopia Banks: World Bank approves $180m for refugees in Ethiopia
The World Bank has approved the second phase of the Development Response to Displacement Impacts Project in the Horn of Africa (DRDIP II) for $180 million in International Development Association (IDA ...
News Ethiopia Banks: Ethiopia delays inflation data for over two weeks
Ethiopia has delayed without explanation the release of monthly data for inflation, which topped 30% in recent months and hit a 13-year peak in September as conflict impacted food prices.
