News

Oromia Disburses 16.9 Billion Birr in Loans to New Entrepreneurs

Oromia region says its entrepreneurship programs have created 2.8M job opportunities through 16.9B Birr in loans, attaining a striking 420% year-on-year credit growth.

Dangote, Ethiopia Partner on $2.5B Urea Fertilizer Plant in Gode

Ethiopia’s state investment arm and Dangote Group have signed a $2.5B deal to build a fertilizer complex in Gode. The facility is set to produce up to 3M tons annually.

FenanPay Steps into Ethiopia’s Competitive Fintech Market

FenanPay has secured a commercialization license from the National Bank of Ethiopia after piloting more than 2.5 million transactions worth 1.5 billion Birr.

YaYa Wallet’s New Remittance Service Connects Ethiopian Families Across Borders with Ease

In celebration of the upcoming Ethiopian holidays, a special bonus of 6% is offered on every foreign currency transfer made through YaYa Wallet until October 10, 2025.

National Bank of Ethiopia Endorses New Platform to Stem Parallel Market

“Our measures against illicit remittance flows will never stop,” says Ethiopia’s central bank governor, during unveiling of remittance platform developed by Eagelion System Technology.

Ethio Telecom Plans to Enter African Markets

The plan embraces a digital-first approach powered by AI and targets 100 million customers by 2028.

Hundreds of Private Colleges in Ethiopia at Risk Over Quality Standards

“No more degrees without the education to back them.” Ethiopia’s education minister Birhanu Nega (Prof) gives private colleges 1 year to meet quality standards or risk losing their license.

Yango Ethiopia Introduces Rental System Promising Higher Returns for Car Owners

Yango Ethiopia is rolling out a new rental model that lets car owners track driver routes, trip volumes and revenues in real time.