Tuesday, August 16, 2022

    Tag: Finance

    Central bank grants ArifPay first Fintech license

    The National Bank of Ethiopia (NBE) gives the first Fintech license to ArifPay, enabling it to become a pioneer private payment systems operator and Gateway service provider.

    Technological limitation challenges finance intelligence in regions

    Technological limitation at regional offices challenged efforts to introduce the application of a finance intelligence system, announced Mulugeta Temesgen, supervision leader at the Finance Intelligence Centre (FIC).

     “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.

    DBE lifts 20 percent payment request on leased property

    The Development Bank of Ethiopia (DBE) lifted the requirement for businesses to pay 20 percent of the total worth of a leased property.

    Four banks close to going operational

    Four new banks, owned by almost 200,000 shareholders, are in their final stages of receiving a license from the National Bank of Ethiopia (NBE). The banks have already held their first general assembly and met other requirements set by the central bank.


    Ethiopia could lose up to USD eight billion if Ukraine war continues

    -It could cost Ethiopia 7.6 percent of GDP in...

    Fed unveils new tax to finance conflict rehabilitation project

    Officials expect 19.5 billion birr from the new tax...

    To survive foreign competition, central bank governor suggests mandatory mergers, acquisitions

    The bankers' association is upset about the tax on...

    According respect for freedom of movement

    The rule of law is a mechanism, process, institution,...