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Ethio telecom Inks Immigration Services Deal

Jun 11 , 2022

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The state-owned Ethio telecom and the Immigration & Citizenship Service have signed an agreement to facilitate service payments through the former's Telebirr mobile money platform. Applicants can now pay fees for a new passport, renewal services, and other charges via Telebirr. The Service processes paperwork for up to 2,000 people a day. The agreement is the latest in a string of deals the telecom operator has signed in recent weeks. Last month, Ethio telecom and Ride, a popular taxi-hailing platform, inked a partnership that allows passengers to pay their fares through Telebirr. The mobile money platform has garnered over 19 million subscribers and facilitated transactions valued at around 10 billion Br since it was launched last May.

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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...

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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...

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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...

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