The MasterCard Foundation’s ‘Young Africa Works’ initiative
The foundation has allocated USD 300 million for the initiative to be used over five years.
French telecom giant Orange S.A., submits expression of interest letter for Ethio Telecom stakes
Orange had previously expressed interest in bidding for one of the two telecoms licenses that the Ethiopian Communications Authority was offering but pulled out due to finance operation limitations set…
ESLSE, Ministry of Trade and Industry submit LC extension request to National Bank of Ethiopia
ESLSE had submitted a request for the extension to the Ministry of Trade and Industry last month, and now the Ministry has endorsed the request and submitted it to the…
German investors accuse Turkey of illegally acquiring investment in Ethiopia
Turkish state-run Maarif Foundation has acquired more than 126 schools previously run by the Gülen Movement in 44 countries but denies claims that the schools were acquired illegally.
Overview of Ethiopian Electric Power’s performance during the last fiscal year
While the revenue brought in by the organisation fell short of its goal for the year, it exceeded the amount brought in during the previous year.
Hibret Bank receives ISO accreditation
Enhancing this achievement is the fact that Hibret Bank implemented the latest version of its core banking system and online banking platform in-house.
Save Tigray adopting NFTs to raise money for Tigray cause
This is the first time that NFTs are going to be used to fund charity; NFTs earn loyalty for every sale making them a constant source of cash should buyers…
Ethiopia seeks to restructure debt for over USD 1 billion
Ethiopia adopted the Debt Service Suspension Initiative of the G20 Summit back in February to restructure USD 2.5 billion in debt.
Ethiopia wins big at the Permanent Court of Arbitration against Israel based fertiliser giant
Israel Chemicals filed the lawsuit seeking USD 178 million in compensations, but the court ruled in Ethiopia’s favour.