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Ethio Telecom discounts 51% service rate for homecoming diaspora
Spread the NewsEthiopia Telecom announced that it has discounted a 51% rate on its services for the home coming Ethiopian diaspora. Preparatory activities to welcome the diaspora are in progress. Hotels and transport service providers are working in a special manner to host the Diaspora, including 30 percent discount for them. Prime Minister Abiy Ahmed…

Wegagen Bank opens new branch at AU HQs
Spread the NewsWegagen Bank’s Pan African Branch located on the Premises of African Union (AU) has officially been inaugurated by Aklilu Wubet, CEO of Wegagen Bank, Getye Mekuria, Acting Chief Marketing and Strategy Officer and Diallo, Facilities Management Unit Director at African Union Commission. The inauguration held on Monday, February 14, 2022. In his remark,…

NBE licenses ArifPay fintech startup
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…

Pandemic-induced container shortage pressures freight rates in Ethiopia
Spread the NewsThe Ethiopian Shipping and Logistics Services Enterprise (ESLSE) has disclosed that the global shortage of shipping containers, primarily caused by the Covid-19 pandemic and that of the three million containers stranded in different destinations have led to 15% gap in global shipping lines business. Roba Megersa, CEO of ESLSE told Ethio Trade and…

Enat Bank, Eziti PLC sign partnership agreement to create jobs
Spread the NewsEnat Bank Share Company and Eziti Information Service PLC have signed a strategic partnership to create jobs, especially for women. The agreement has been signed by Enat Bank and Eziti Information Service PLC on Thursday at Intercontinental Addis. Eziti will recruit job seekers and provide trainings to them. It will also address complaints…

China praises mutual understanding, support in ties with Ethiopia
Spread the NewsWith mutual understanding and support on major international issues, Ethiopia and China have been working closely at global and regional levels, said a statement from the Embassy of People’s Republic of China in Ethiopia. “China speaks highly of the above cooperation. China will adhere to its consistent position and oppose external forces interfering…