ZamZam Bank becomes the first full-fledged interest-free bank in Ethiopia
ADDIS ABABA (The Ethiopian Herald) – ZamZam Bank, the nation’s first fully-fledged, interest-free bank (IFB) to obtain operating license from the National Bank of Ethiopia […]
Business
IOM, INVEA inaugurate first forensic document examination laboratory at Bole International Airport
ADDIS ABABA (IOM) – The International Organization for Migration (IOM), in collaboration with Ethiopia’s Immigration, Nationality and Vital Events Agency (INVEA), inaugurated INVEA’s first forensic […]
KenGen commences drilling works for Ethiopian electric power company
NAIROBI (KenGen) – Kenya Electricity Generating Company PLC (KenGen) has started drilling the first geothermal well for Ethiopian Electric Power (EEP) company, setting in motion […]
OP Finnfund Global Impact Fund I invests in EthioChicken, a forerunner in African poultry farming
HELSINKI (Finnfund) – OP Finnfund Global Impact Fund I, the first global emerging markets impact fund in Finland, invests USD 5 million in EthioChicken, an […]
Overcoming bankability issues to make renewable energy feasible in Ethiopia
Key factors for project finance, potential risks, mitigation tools and more discussed during webinar held by BonelliErede in collaboration with RES4Africa Foundation BonelliErede, a leading […]
Selam Bank targets to address housing demand specializing mortgage banking
Selam Mortgage Bank, which is under formation with brand name Selam Bank, has aspired to address the growing housing demand in Ethiopia. During the bank’s […]
Global Partnership for Ethiopia welcomes license award to operate telecom services in Ethiopia
Global Partnership for Ethiopia will establish a new operating company in Ethiopia and aims to start providing telecommunications services from 2022. Sumitomo Corporation has been […]
European Union and IFAD to support Ethiopian rural financial institutions, jobs and livelihoods in the face of the COVID-19
The International Fund for Agricultural Development (IFAD) and the European Union (EU) will provide EUR26.5 million worth of liquidity and debt relief to rural financial […]
Ethio telecom launches telebirr mobile money service ― Press Statement
It is with great pleasure that our company announces the launch of telebirr, its Mobile Money Service on May 11, 2021, after undertaking all the […]
Flutterwave partners with Amole™ to facilitate remittances into Ethiopia
SAN FRANCISCO, CA (Flutterwave) – Flutterwave, Africa’s leading payments technology company, announced its partnership with Amole, Ethiopia’s largest mobile digital wallet platform, to facilitate money […]