Tuesday, May 21, 2024

Tag: Diaspora

EDTF allocates USD 1 mln for COVID mitigation effort

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. 

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.

EDTF unveils USD 4 mln development fund

Ethiopian Diaspora Trust Fund (EDTF) announced that it has collected more than four million dollars in less than a year’s time.

Revolutionary school partners with known entrepreneurs

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, WorldRemit strengthen ties to aid transfers

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).