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Ethiopia has introduced tough new regulations for foreign banks entering its financial sector, yet to approved, under the National Bank of Ethiopia’s (NBE) “Requirements for Licensing and Renewal of Banking Business and Representative Office Directive.” The directive mandates a minimum paid-up capital of five billion b
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News
BRICS Eyes Startup Fund to Drive Innovation Across Member Economies
1+ day, 19+ hour ago (494+ words) BRICS leaders have backed a network linking startup incubators across member countries and opened the door to a dedicated innovation fund, as the expanded grouping seeks to turn technological cooperation into a more practical engine of industrial growth. Leaders welcomed…...
EEP Vehicle Garage Project: Over 1.1 Billion Birr Invested
6+ day ago (475+ words) Ethiopian Electric Power has signed an agreement with Ethio Engineering Group to build and equip a modern vehicle maintenance garage at its headquarters, with a budget of more than 1.1 billion birr. The agreement was signed at the Skylight Hotel by…...
Infra Tech Launches Sydro, a Video Platform Built for Ethiopian Creators
2+ week, 1+ hour ago (304+ words) Infra Tech Software Service has launched Sydro, a video-first social media platform that allows Ethiopian content creators to receive direct financial support from followers in Ethiopia and abroad. The platform integrates with local payment services Telebirr and Chapa, enabling fans…...
AlHuda CEO On Ethiopia???s Islamic Finance Push, Sukuk And Its Cautious Crypto Path
2+ week, 2+ day ago (1016+ words) Birrmetircs: Could you briefly introduce yourself and AlHuda Centre of Islamic Banking and Economics? We have been working in the Ethiopian market for the past 12 years. Every year, we organise an interest-free banking and finance forum to bring international experience…...
Eagle Lion and Tsedey Bank Partner to Digitize Ethiopia's Agricultural Supply Chain
2+ week, 5+ day ago (375+ words) Eagle Lion System Technology Group and Tsedey Bank have signed an agreement at the bank's headquarters to launch a joint initiative digitizing the nation's agricultural input supply chain. The partnership aims to improve efficiency and transparency in the agricultural sector…...
Global Bank Plans 9,000 Merchant QR Deployments as Ethiopia Pushes Cash-Lite Payments
3+ week, 7+ hour ago (547+ words) The private lender is procuring 9,000 printed QR codes with holders as Ethiopia’s central bank seeks to accelerate merchant acceptance and deepen everyday use of digital payments. Global Bank Ethiopia has launched procurement for 9,000 QR-code payment materials, indicating a significant expansion…...
Crypto Miners Could Consume 30% of Ethiopia???s Electricity. Is the Power Worth More Elsewhere?
3+ week, 7+ hour ago (1066+ words) Ethiopia’s cheap renewable electricity has attracted a fast-growing crypto-mining industry. But with millions still lacking reliable power, the country is approaching a harder question: where does each additional megawatt create the most economic value? Ethiopia’s emergence as an African hub…...
Canaan???s Ethiopia Bitcoin Operations Account for Nearly a Third of Global Computing Power
3+ week, 7+ hour ago (729+ words) Canaan Inc., the US-listed bitcoin mining and computing infrastructure company, had 4.96 exahashes per second (EH/s) of installed computing power in Ethiopia at the end of July, accounting for about one-third of its global installed mining capacity, according to the company’s…...
Digaf Partners with AlHuda CIBE to Develop Interest-Free Digital Microfinance in Ethiopia
3+ week, 5+ day ago (288+ words) Advertorial | August 19, 2026 Digaf Microcredit Provider S.Co, a digital-first microfinance provider in Ethiopia, has entered into a strategic partnership with the AlHuda Centre of Islamic Banking and Economics (AlHuda CIBE) to support the development of interest-free digital microfinance services in the…...