Tag: Privatization

One of Kenya’s virtual payment operators, Finserve, has announced a plan to join Ethiopia’s banking market. This is to be a partnership with several local banks and a local fintech firm.

Prime Minister Abiy Ahmed (PhD) has decided to set up an Advisory Council composed of 15 members for the newly instituted Diaspora Trust Fund (DTF) in order to garner the maximum possible support from the diaspora as well as ensure accountability and transparency of the implementation.

Prime Minister Abiy Ahmed (PhD) has set up a council that will advice the partial or full transfer of public enterprises to private ownership. The advisory “council will ensure the process is managed with utmost transparency and accountability,” according to the twitter account of Fitsum Arega, the Chief of Staff of the PM.

During a rare business panel on Thursday, which aimed at showcasing US firms in Ethiopia and organized by US Embassy in Addis Ababa, diplomats and companies have welcomed the recent changes in the political and business environment of Ethiopia.

The members of the House of Peoples’ Representatives (HPR) have called Prime Minister Abiy Ahmed (PhD) for a question and answer session regarding the recent decisions made by the Executive Committee of the Ethiopian Peoples’ Revolutionary Democratic Front (EPRDF) and his administration.