Munir Shemsu

Ethiopia Opens Financial Sector to Foreign Banks

Some members of parliament have raised concerns over the feasibility of opening the banking sector to foreign banks amid prevailing constraints.

Ethiopian Investors in Pharmaceutical, Real Estate, Manufacturing Demand Exemptions from Pending Property Tax

The highest property tax rates will be placed on owners who have failed to develop their land despite an extended period with rights to it.

Regulatory Hurdles Propel Ethiopian Fintech Startup to Neighboring Markets

The digital credit scene does not have a regulation governing the landscape, and current fintech players like Kifiya and even the likes of telebirr have to partner with banks to provide the service.

Two-Year-Old Fintech Startup SantimPay Posts 86 Million Birr Profit

With an Earnings Per Share (EPS) of 337.87 birr, SantimPay delivered notable returns to its shareholders.

Ethiopia's Sovereign Wealth Fund Absorbs Eight Public Enterprises into Portfolio

At least five SOEs under EIH are also poised for listing in Ethiopia's maiden stock exchange.

Audit Review Uncovers Crosscutting Inefficiencies in Ethiopia's Passport Services

Delays in passport issuance, unauthorized penalties and even poor sanitation at bathrooms were highlighted in a post audit parliamentary review of Ethiopia's Immigration & Citizenship Services.