Handsets for financial transaction

Mobile money penetration in Sub-Saharan Africa (SSA) has substantially grown over the last decade. A 2014 data compiled by a firm called Findex Database witnesses that 30 percent of adults have mobile... Read more »

Banking the unbanked

. Mobile money transaction stands far below Sub-Saharan The expansion of banking services offered by the Commercial Bank of Ethiopia (CBE) and private banks is creating access to the unbanked population, yet... Read more »

Activities to preliminary power generation gain momentum

ADDIS ABABA – Works are going ahead to a preliminary power generation of the Grand Ethiopian Renaissance Dam (GERD), Project Manager, Eng. Kifle Horo, told The Ethiopian Herald. Plantation of steel that... Read more »

CBE to deepen toe in regional countries

ADDIS ABABA – Commercial Bank of Ethiopia (CBE) is planning to extend its business presence around the Horn of African countries including Somaliland as Jubaland poised to endorse Financial and Investment act... Read more »

University’s competency-based training targets improving services

ADDIS ABABA – New competency-based training has been commenced to public servants prioritizing sectors like manufacturing, agriculture, education and health expertise, said Ethiopian Civil Service University (ECSU). The shift from the traditional... Read more »

Talks underway to secure remaining funds: Election Board

ADDIS ABABA – The National Electoral Board of Ethiopia said talks are underway with various funders to secure all the remaining finance required to the upcoming general elections. So far, the Board... Read more »

Pushkin Square-Gotera Interchange to see completion ahead of schedule

• 320-meter tunnel construction begins ADDIS ABABA – A 1.5 billion Birr Chinese funded Pushkin Square-Gotera Interchange will see completion ahead of the original schedules, Addis Ababa City Roads Authority told The... Read more »

Gov’t plans to increase construction sector’s economic role

ADDIS ABABA – Prime Minister Abiy Ahmed said the government would provide all the needed supports to improve the productivity of the construction industry. He made the remark at the 2nd national... Read more »

Int’l loans and funds to the Home-grown economic reform risks, opportunities

It is almost four months since Ethiopia has revealed its Home-grown Economic Reform Agenda. While introducing the reform plan, Ethiopia announced it would need 10 billion USD from both domestic and international... Read more »

The value of security

In light of this title, one might ask why it should be necessary to focus on “security,” rather than, say, “democracy,” “synergy,” or, indeed, “prosperity.” Doubtless, there will be those who argue... Read more »