Ethiopia’s Total Debt Reaches USD 51.8 Billion as Domestic Borrowing Rises
Ethiopia’s total public debt has reached USD 51.8 billion, with domestic borrowing showing an increase, the Ministry of Finance said.
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Ethiopia’s total public debt has reached USD 51.8 billion, with domestic borrowing showing an increase, the Ministry of Finance said.
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Kenya’s Equity Group is closely watching Ethiopia’s planned opening of its banking sector to foreign lenders, with the group positioning itself to enter the market once full operations become possible.
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On April 9, Wegagen Bank and the International Finance Corporation (IFC), a member of the World Bank Group, signed a strategic partnership agreement to establish a USD 10 million trade finance guarantee facility.
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Ethio Telecom has launched a new fast payment system, “Tolo,” on Telebirr, introducing a digital solution for toll and fine payments on the Addis Ababa - Adama Expressway.
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Abyssinia Bank and Visa have signed a five year strategic partnership agreement aimed at accelerating digital payments in Ethiopia.
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