Equity Group is also accelerating its entry strategy. In September, Equity Group chief executive James Mwangi met with ...

ADDIS ABABA — Ethiopia’s central bank is fast-tracking the rollout of a new legal framework to spur foreign competition in the local banking sector while simultaneously imposing strict limits on the ...

The kits cost $17 million, with each portable unit containing a facial recognition camera, fingerprint and iris biometric scanners, a laptop and lighting.

Ethiopian authorities say they have arrested 112 people and suspended 519 bank accounts as part of a nationwide crackdown on what they describe as illegal foreign currency trading and unlicensed money ...

Mr Babeksingh Khalsa, VP-Sales, Africa, shines at Connected Banking 2024, winning the coveted 'Banktech Innovator of the Year' award. ADDIS ABABA, ETHIOPIA, August 16 ...

Ethiopia is on the cusp. Since Prime Minister Abiy Ahmed came into office in April 2018, Ethiopia has laid down a series of reforms, most notably softening its stranglehold of key sectors of the ...

Ethiopia's parliament has passed long-awaited legislation opening up the country's banking sector to foreign players on Tuesday (December 17). The government, which approved a draft of the law in June ...

"Ethiopia's banking sector is undergoing a dynamic evolution, marked by immense potential for digital transformation," stated Amir. "We at MobiFin are excited to contribute to this growth story by ...

Long closed to foreign players, the Ethiopian banking sector is undoubtedly one of the most interesting for investors and banking institutions active in Africa. Who will clinch the savvier sports ...

Ethiopia’s biggest bank says it has recouped nearly 80% of the cash it lost during what it says was a glitch in its system that allowed customers to take out more money than they had in their accounts ...

Facepalm: Customers of Ethiopia's largest bank had a nice surprise this week when a glitch allowed them to withdraw unlimited funds. More than $40 million was withdrawn from the state-owned Commercial ...

Birhanu Degefa was visiting family in the Ethiopian city of Shire in November, when soldiers suddenly began rounding up men ...