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House approves Diaspora involvement in finance sector

The House of People’s Representatives (HPR) has approved a new bill that seeks to amend the existing Banking Business Proclamation to provide for the participation of Ethiopians in the Diaspora in the domestic financial sector a couple of years after a controversial campaign by the National Bank of Ethiopia (NBE) thoroughly purged any member of the diaspora from the country’s financial sector.

iCog Labs, Kudu partner to finance startups

A locally founded and Artificial Intelligence (AI) centered company, iCog Labs, has joined up with the US-based Kudu, a venture capitalist firm, to mentor and provide seed financing for tech startups.

Connectivity surges

The new management of Ethio Telecom led by CEO Frehiwot Tamru on Tuesday presented the annual performance of the company to the media. And, according to the numbers, it has been another good year for the telecom giant amid a turbulent political landscape in the country.

Officials suspended over recent violence in South

After deadly clashes were reported between security forces and the youth mainly in the Sidama Zone of the Southern Regional State, following what appears to be a targeted attack on different ethnic groups residing in the area and huge destruction to property, the regional ruling party— Southern Ethiopian People's Democratic Movement (SEPDM)—has suspended a number of officials from both the party and their current positions, The Reporter has learnt.