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Kacha receives first private Mobile Money License in Ethiopia
Spread the NewsThe National Bank of Ethiopia (NBE) has granted Kacha Digital Financial Services S.C the first private mobile money license. Kacha was established by 13 Ethiopian investors with a subscribed capital of 200 million Birr. In a statement Kacha said the issuance of the license distinctly marks the beginning of a new era for…
Prime Minister Abiy addresses MPs on range of issues
Spread the NewsPrime Minister Abiy Ahmed (PhD) has responded to the quests made by the Members of the Parliament (MPs) on Tuesday, June 14, 2022. He addressed a range of matters raised by the MPs. “Context is a key understanding the challenges we have faced as a nation. The Covid-19 pandemic, the war in the…
CBE to inaugurate its new tallest HQ Sunday
Spread the NewsCommercial Bank of Ethiopia, the State-run financial firm, will officially inaugurate its new headquarters (HQ) and Ethiopia’s tallest building on Sunday, February 13, 2021. The inauguration of the 53-storey will take place on the same day the bank celebrates its 80 Year Diamond Anniversary, said Abie Sano, President of the Bank in a…
Nigeria selects Ethiopian as strategic partner to establish new national carrier
Spread the NewsBy Kaleyesus Bekele The Federal Government of Nigeria has selected Ethiopian Airlines to jointly establish a new national carrier for the West African economic giant. Mesfin Tassew, CEO of Ethiopian Airlines Group, told Origins Business that Ethiopian participated in a bid floated by the Nigerian government inviting airlines interested in partnering with the…
Auditor General spots irregularities in administering public resources
Spread the NewsThe Office of the Federal Auditor General (OFAG) has come up with another finding on mismanagement of public resources at public offices. The Federal Auditor General Meseret Damtie said the office conducted legal audits of 171 offices and 48 branch offices during the current fiscal year. The House of Peoples’ Representatives (HPR) in…
ECA’s Economic Report on Africa addresses continent’s vulnerability during Covid-19
Spread the NewsThe disruptions caused by the Covid-19 pandemic pushed an estimated 55 million Africans into extreme poverty in 2020 and reversed more than two decades of progress in poverty reduction on the continent. This is according to the Economic Report on Africa 2021(ERA2021) launched Sunday on the margins of the Economic Commission for Africa’s…