The Ethiopia Diaspora Trust Fund (EDTF) Advisory Council has established an “EDTF Emergency COVI D-19 Mitigation” effort with an initial USD one million fund to assist the national COVID-19 mitigation efforts in Ethiopia.
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.
LEBAWI INTERNATIONAL ACADEMY is partnering with noted international entrepreneurs Noah Samara and KassyKebede and is to transition into a profitmaking enterprise as a strategic move to become self-sufficient.
Abay Bank and WorldRemit are forging a relationship to help facilitate the transfer of funds from the growing Ethiopian Diaspora communities via its digital online low-cost money transfer service. This is its seventh partnership with local banks; including the state-owned Commercial Bank of Ethiopia (CBE).