Tuesday, January 31, 2023

Tag: Banking

ATM card delay frustrates CBE customers

Customers of Commercial bank of Ethiopia (CBE) criticized the bank for its failure to deliver Automatic Teller Machine (ATM) cards after several months of waiting. 

Telebirr’s transaction surpasses a billion birr

The amount of money transacted through Telebirr, ethio telecom’s mobile money transaction platform, surpassed one billion birr on September 23, 2021. The mobile money transaction app has only been operation for five months.

USD trades 48 percent higher than bank rates

In an ever-increasing exchange rate in the parallel market, a US dollar is now up 48 percent higher than the regular market in some areas of the city, The Reporter has learnt.

 “Being on sleeping giants list is embarrassing,”

The sole telecom operator in the country, ethio-telecom, aims to remove Ethiopia from the sleeping giants list in providing mobile money services.

New banks required to collect 5 billion Birr within seven years

The National Bank of Ethiopia (NBE) directed new entrants to the banking industry to increase their paid-up capital to five billion birr within seven years.


Central bank bans consignment payment for beef exports

-Exporters must get full payment before shipping - Experts are...

Almost half of CSOs in Tigray remain inactive

Some have lost personnel, managerial staffs to war Nearly half...

Four Tigray cities need five billion birr to repair water infrastructure

3.2 million people face water shortage Up to five billion...

Chinese-funded road project in jeopardy, as debt restructuring delays

Financing for the project may come from government coffers The...