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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Ethiopia and France have signed agreements covering debt restructuring and financial support linked to Ethiopia’s ongoing economic reform program.
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The National Bank of Ethiopia (NBE) has issued a public notice announcing a series of significant relaxations to Ethiopia’s foreign exchange directives, in a move aimed at strengthening the foreign exchange market and easing current account restrictions.
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