The National Bank of Ethiopia (NBE) on Tuesday announced that it has removed the limits on bank transfers. The financial sector regulators restricted in January 2021, limiting account-to-account transfers to only five a week.
The next month, they placed the same restriction on transfers via mobile and internet banking using Automatic Teller Machines (ATMs) or Point of Sales (POS) machines, and mobile money.
Spread the NewsEthiopian Airlines, the largest network operator in Africa, announced Monday that it has commenced a passenger flight to Amman, Jordan, as of September 19, 2022. The flight will be operated thrice weekly. With the easing of the negative effects Covid-19 have had on the aviation industry, international air travel has seen an encouraging…
Spread the NewsAfrican nations believe financing to help developing countries deal with climate change should be scaled up to $1.6 trillion per year by 2030, a researcher said Tuesday. “The climate finance gap is huge,” Olufunso Somorin (PhD), Regional Principal Officer for Climate Change and Green Growth at African Development Bank said, adding, “At a…
Spread the NewsEthiopia and Djibouti agreed to expedite the transportation of Ethiopian goods from port. Berhanu Tsegaye, Ambassador of Ethiopia’s to Djibouti has conferred with Chairman of Djibouti Ports and Free zones Mr. Aboubaker Omer Hadi at the Djibouti International Free Trade Zone, to discuss issues of bilateral importance, with a focus on ways to…
Spread the NewsThe state-owned Commercial Bank of Ethiopia (CBE) has requested its customers to finalize updating their personal information to get CBE’s digital banking services. Customers of the CBE were seen waiting for long queue to update their personal information to get bank’s services on Friday. Yabsira Kebede, Corporate Communication Head of CBE, told Origins…
Spread the NewsThe National Bank of Ethiopia has licensed ArifPay, a fintech company that makes digital payment services. The company is based in Addis Abeba. Founded on February 2021 by Habtamu Tadesse, a founder of Zay Ride, a ride-hailing platform in Ethiopia, ArifPay is a mobile point of sale system which will allow ATM cardholders…
