Anteneh Tesfaye Taye

CBE Strengthens Dominance as Smaller Banks Lose Ground

CBE's market share rebounds to 49.1% in 2025, fueled by reforms. Small banks lose ground, prompting consolidation talks. Foreign banks eye entry amid sector growth.

Ethiopia Shuts Down Entire Betting Industry, Revokes All Licenses

Ethiopia shuts down its entire betting industry two weeks after revoking 22 licenses, the Lottery Service ordered banks & payment operators to halt all betting transactions amid investigations.

Ethio Telecom Launches A Mobile Money Platform Powered By Huawei

Ethio Telecom launches Telebirr, a mobile money platform that is developed by Huawei. Upon approval of the National Bank of

Ethiopia to Open Tender for Telecommunication Licenses in 15 Days

Ethiopian Communication Authority is set to announce the tender for two Telecommunication licenses in 15 days and the winners are