Safaricom, Helios Tower bidding to acquire share in Ethio Telecom

Safaricom, Helios Tower bidding to acquire share in Ethio Telecom

borkenaJune 17, 2020 Barely a month after the Ethiopian government invited interested applicants for two licenses in the telecom sector in-country, Safaricom and Helio Towers have expressed interest in bidding for it.  Developing Telecoms, a news portal in the Telecommunications sector, reported this week that a Kenyan news source (The Standard) has confirmed from the […]

Ethiopia generated US 329.3 million from export in April

Ethiopia generated US 329.3 million from export in April

borkenaJune 9, 2020 Ethiopia’s Ministry of Trade and Industry says that Ethiopia generated $329.3 million from the export trade in the month of April, 2020 According to a report by state media (Ethiopian Broadcasting Corporation) on Tuesday said that the target was $US 365.1 million. However, the figure has shown a remarkable increase (32 percent) […]

National Bank of Ethiopia introduces cash withdrawal limits

National Bank of Ethiopia introduces cash withdrawal limits

National Bank of Ethiopia sees cash withdrawal limits as a useful tool to control illegal circulation of money borkenaMay 14, 2020  The National Bank of Ethiopia has introduced cash with limits from Banks across the country. And the new policy is effective starting from May 19, 2020. The new regulation is applicable for private banks […]

Enat Bank announced interest fees waive in consideration of Coronavirus situation

Enat Bank announced interest fees waive in consideration of Coronavirus situation

borkenaBusiness NewsMay 14, 2020 Enat Bank, one of the private banks in Ethiopia, announced on Thursday interest payment waive after considering the economic impacts of the Coronavirus. According to Fana Broadcasting Corporation (FBC), businesses in the tourism sector are relieved from paying service charges and interest rate payments for money borrowed from the bank. The […]

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