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 NewsIn a bid to digitalize the health facilities in Ethiopia, eTech, a local company that provides complete ICT solutions and is supported by Ethiopian technologists from around the globe, has introduced new platform dubbed eHealth. The company has developed a new application dubbed eHealth with the aim of fully digitalizing the way of…
Spread the NewsThe government announced that it has invested 12.8 billion Birr in April 2022 to subsidize fuel. The government spent 24 billion Birr on subsidy of fuel in the past two years. Meanwhile, Ministry of Trade and Regional Integration (MoTRI) revealed a decision to hike fuel prices by 16 percent starting from Sunday. MoTRI…
Spread the NewsThe recently restructured Ministry of Trade and Regional Integration said that Ethiopia has garnered $42.75 million from the export of manufacturing industries in three months. A plan has been set to secure $42.85 million earnings in this quarter year. “Due to the continuous follow-up and support to the industries, 99.8 percent of the…
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…
Spread the NewsBunna Bank Share Company, among the most profitable banks in Ethiopia, has awarded its customers who received remittance through its formal banking system. The award was given to 31 lucky customers on Thursday at the Headquarters of the Bank located around Bole Rwanda area in Addis Abeba. The award of the Bank forwarded…
Spread the NewsThe United States through the United States Agency for International Development (USAID) has launched a new investment of $60 million to lift up millions of vulnerable youth across Ethiopia. Over the next five years, the new USAID Kefeta activity—which means ‘to elevate’ in Amharic—will help youth in 18 cities find meaningful jobs and…
