Latest Business Alerts

Commercial Bank of Ethiopia Partners with WorldRemit to Launch International Mobile Money Transfer Service

cbe-worldremit2The Commercial Bank of Ethiopia (CBE) is to launch its first ever international mobile money transfer in partnership with WorldRemit. This will enable money senders spread across over 50 countries, most of which are expected to be Ethiopian diaspora, to make transfers to over 1.2 million “CBE wallets.” They will also be able to send money to any mobile number throughout Ethiopia.

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Ethiopian Airlines and Hibret Bank Launch First Co-branded Debit Card

Ethiopian Airlines Logo flagEthiopian Airlines and Hibret Bank have launched the first Co-branded debit card tailored to provide Ethiopian Sheba Miles members with bonus miles for their spending using the debit card.

The new debit Card entitles ShebaMiles members to 5 bonus miles for every 100-birr spending made with the Co-Branded Card.

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Hyatt Regency Opens First Hyatt Hotel in Ethiopia

hyatt-addis-ababaHyatt Hotels Corporation (NYSE: H) announced today the opening of Hyatt Regency Addis Ababa, the first Hyatt branded hotel in Ethiopia and the seventh in Africa. The 188-room property is centrally located on Meskel Square, near shopping centers, restaurants, bars, and tourist attractions, including [a] National Museum.

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Ethiopia's Export Under AGOA Shows Dramatic Increase

Ethiopia’s export to the US under AGOA, African Growth and Opportunity Act, has risen by 62 per cent in just one year. If this trend continues, Ethiopia is poised to be the second or third largest exporter in East Africa under AGOA, USAID, US Agency for International Development, states.

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