Safaricom Ethiopia Expands Network Footprint to 21 Cities Across the Country
Safaricom Ethiopia has announced the expansion of its network and services to five new cities in December 2021: Hawassa, Assela, Jigjiga, Sodo, and Dilla....
Ethiopia’s Government Cracks Down on Illegal Money Laundering Ring: Over $20 Million Illegally Raised
The Financial Security Service announced that it would ban money laundering of more than $20 million raised illegally.
The Financial Security Service (FS) has noticed...
Tewolde Gebremariam to Play Key Role in Potential Sale of Kenya Airways to Delta Airlines
The Kenyan delegation, led by President William Ruto, recently met with officials from Delta Airlines in Washington to discuss a potential sale of Kenya...
Ethiopia brings new opportunities to the United States with the creation of 1600 jobs
WASHINGTON –On Thursday, the Board of Directors for the Export-Import Bank of the United States’ (EXIM) unanimously approved two transactions totaling more than $688 million. These...
Fitch Downgrades Ethiopia to ‘CCC-‘; Removes From UCO
Fitch's proprietary SRM assigns Ethiopia a score equivalent to a rating of 'CCC+' on the Long-Term Foreign-Currency IDR scale. However, in accordance with its...
Commercial Bank of Ethiopia (CBE) has resumed services in Shire, Alamata and Korem
Commercial Bank of Ethiopia (CBE) has resumed services in Shire, Alamata and Korem following the recent peace agreement.
The bank noted that it was also...
