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Safaricom M-Pesa receives Ethiopian mobile money license, ending state monopoly

Safaricom M-Pesa receives Ethiopian mobile money license, ending state monopoly

The Kenya-based company already has 3 million mobile phone users in Ethiopia and plans to make it the 10th country where the payment service will be a...

Ruble Surges Against Greenback, Ethiopian Birr Exchange Rate Gap Widens; Kiyosaki: The ‘End Is Here’ for Fake Money — Week in Review

Ruble Surges Against Greenback, Ethiopian Birr Exchange Rate Gap Widens; Kiyosaki: The ‘End Is Here’ for Fake Money — Week in Review

Rumors of expanding war, massive inflation destroying people’s purchasing power, and widespread volatility in the world of fiat currencies shap...

Report: Gap Between Ethiopian Currency’s Official and Parallel Market Exchange Rate Grows to New Record

Report: Gap Between Ethiopian Currency’s Official and Parallel Market Exchange Rate Grows to New Record

The Ethiopian birr currency’s parallel exchange rate against the U.S. dollar recently dropped to a low of 92 birrs per dollar, a report has sai...

Ethiopian Central Bank Restricts Amount of Cash Travelers Can Hold, Sets Foreign Currency Conditions

Ethiopian Central Bank Restricts Amount of Cash Travelers Can Hold, Sets Foreign Currency Conditions

According to the National Bank of Ethiopia’s directive, which became effective on September 5, persons entering and departing the country in po...

Ethiopian Crypto Providers Will Now Need To Register With CyberSecurity Agency

Ethiopian Crypto Providers Will Now Need To Register With CyberSecurity Agency

Cryptocurrency service providers that are operating in Ethiopia have been instructed to register with the nation’s cybersecurity agency. The cyb...

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