CANAL+ Inks Third Deal in Ethiopia

Apr 12 , 2020


[ssba-buttons]

CANAL+, a European media company and pay-TV operator, has inked its third agreement with Fana Broadcasting Corporation, the state-affiliated media company. The agreement between the duo allows CANAL+ to broadcast FANA TV for its future Ethiopian pay-TV offering and gives it access to Fana Broadcasting Corporation's library of audiovisual content. Two weeks ago, the company signed an agreement with the Ethiopian Broadcasting Corporation (EBC), the public broadcaster. It also inked a deal with Nolawi Film Production and the Ethiopian Film Producers Association. Owned by worldwide content, media and communications group Vivendi, CANAL+ Group has more than 20 million subscribers worldwide. The pay-TV platform of Canal+ will be launched by the end of the year, and it is expected to include a bouquet of dedicated Amharic channel packages through a satellite pay-TV platform.


Radar

Ethiopia, IFAD Sign 69.2m Dollar Deal to Promote Lowland Resilience

The Ethiopian Government and the International Fund for Agricultural Development (IFAD) have signed a 69.2 million dollar grant agreement to implement Phase II of the Lowland Livelihoods Resilience Project (LLRP II). The grant agreement was signed by Finance Minister Ahmed Shide and IFAD President Alvaro Lario. The project targets climate resilience and improved livelihoods for three million people in pastoral and agro-pastoral communities. Co-financed by the World Bank, LLRP II covers eight reg...


Radar

NBE Expands Diaspora Warning Over Unlicensed Remittance Firms

The National Bank of Ethiopia (NBE) has issued an expanded public warning targeting unlicensed remittance operators abroad, flagging four U.S.-based companies it says are undermining Ethiopia's financial regulations. The warning includes newly disclosed findings and specific cases that underscore growing concerns about illicit cross-border financial activity. Remittance flows remain a vital lifeline for Ethiopia's economy, supporting households and supplying critical foreign currency. But as...


Radar

Stricter Standards Unveiled for Public Auditors, Accounting Firms

The Accounting & Auditing Board of Ethiopia (AABE) has issued a new directive aimed at strengthening oversight and professional standards in the accounting and auditing sector. Grounded in the Financial Reporting Proclamation, the directive addresses long-standing regulatory gaps while preparing the sector for the country's emerging capital market. Key provisions introduce stricter licensing standards for public auditors, professionals permitted to audit public interest entities. Applican...