Monday, April 15, 2024

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.