Ethiopia demonetizes banknotes to salvage economy Introducing new notes, government gives 3-month window to people to exchange old currency notes from banks ADDIS ABABA, Ethiopia (aa)–Ethiopia on Monday demonetized its currency but gave three months [Read More]
Ethiopia Introduces New Birr Notes Ethiopia today unveiled new Birr notes for 10, 50, and 100 denominations, with the introduction of a new Birr 200 note, Prime Minister Abiy announced in a tweet. The new notes [Read More]
Ethiopia Keeps Financial Services Local in New Investment Rules Samuel Gebre, Bloomberg News (Bloomberg) — Ethiopia approved new regulations that continue to reserve business opportunities in many sectors, including financial services, for local investors. Banking, insurance, [Read More]
Ethiopia: The case for partial privatization of Ethio Telecom (theafricareport)–Ethio telecom is not a ‘cash cow’ as has often been claimed. It is an indebted malfunctioning liability holding back Ethiopia’s economy. Last December, Prime Minister [Read More]
Ethiopia sets cash holding limit to prevent ‘hoarding’ Horn of Africa nation seeks to funnel cash in informal sector to digital cash transactions ADDIS ABABA, Ethiopia (aa)–Ethiopia on Tuesday set a limit on the amount [Read More]
Kenya rejects Ethiopian Airlines plan on cargo By BONFACE OTIENO Summary The Kenya Civil Aviation Authority (KCAA) director-general Gilbert Kibe in an interview on Monday said that Kenya denied ET a licence to ferry cargo using Boeing 737 [Read More]
Ethiopia’s move to bar foreign telcos slows liberalisation By TESFA-ALEM TEKLE Summary The decision came after the government reviewed the list of companies intent on buying a stake in Ethio Telecom. As part of its [Read More]
Ethiopia protests threaten to derail Abiy’s reforms TOM COLLINS The murder of Oromo singer and activist Hachalu Hundessa in late June has led to civil unrest and government clampdowns that could threaten Ethiopia’s reform process. [Read More]
Ethiopia, Government of — Moody’s confirms Ethiopia’s rating, outlook negative Rating Action: Moody’s confirms Ethiopia’s rating, outlook negative Global Credit Research – 07 Aug 2020 (yahoo)–London, 07 August 2020 — Moody’s Investors Service (“Moody’s”) has [Read More]
Thunes rolls out cash pickup service in Ethiopia with Lion Bank By Verdict Staff (verdict)—Singapore-based cross-border payment provider Thunes has partnered Lion International Bank (LIB) to launch a cash pickup service in Ethiopia. Under this [Read More]
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