• Home
  • Radio
  • TV
  • Advertisement
  • Disclaimer
  • Public Notice
    • Opinion
  • New Africa Business News
  • Contact
  • Log In
facebook
    • News
    • Business
    • Video
    • Entertainment
    • Sport
    • Jobs
    • Government
    • Immigrants
    • Investment
    • Gallery
      • Animal
      • Africa Map
    • NGO
    BREAKING NEWS
    AfDB President Dr. Akinwunmi Adesina has underscored the significance of Africa Restraining its Reserves and Manufacturing Lithium Batteries for Electric Vehicles to be part of the Global Electric Vehicle Revolution
    African Development Bank’s 2023 African Economic Outlook Projects Africa to Become the Second-Fastest Growing Region After Asia
    Ambassador Albert Muchanga African Union Commissioner for Trade And Industry – exhorted African Administrations to Marshal Mobile Domestic Finance by ways to carry out AU’s Agenda 2063
    African Nations Exhorted to take on Modern Sustainable City Planning to enable Stave Off Prospective Emergencies
    South Africa’s Informal Economy Shows Signs of Movement to Switch toward Cashless Economy, Study
    $11.70 million Expended by the Africa Development Bank to Facilitate Access to Fertilizers for African Agricultural Producers
    TRANSCO – CLSG wields Impressive Coordination Meetings for the Development of the Gambia River
    650,000 BPD Dangote Petroleum Refinery and Petrochemicals plant Commissioned by Erstwhile Nigeria’s President Buhari
    …Curtail the usage of Charcoal and save the Environment Immense Liquefied Gas Depot opened in Tanga City of Tanzania
    $3.5 Billion in reimbursements to White Agriculturalist by the African Development Bank as Financial Instruments to “Fast Track and Front Load” to White Agriculturalist land…was taken from them by the Zimbabwe Administration President of AfDB disclosed

    Ethiopia’s National Telecommunication – Ethio Telecom Disclosed Proposals to Venture in the Financial Realm

    Posted On 16 Jan 2021
    By : New Africa Business News, Staff Correspondent
    Comments: 12

    By Abdul Rahman Bangura–

    Photo Credit: Tech Foe

    NEW AFRICA BUSINESS NEWS (NABN) Freetown, Sierra Leone- Ethio Telecom, Ethiopia’s National Telecom has announced plans to invest in the financial sector, seeking to boost the company’s operation besides its traditional
    telecom service.

    Frehiwot Tamiru, Chief Executive Officer of the Eithio Telecom, he noted that, the corporation has already correlated to the National Bank of Ethiopia, financial firms’ regulatory body, to initiate a mobile banking service in the country. Likewise, the regulatory body has lent the green light to start enterprise on the new sector.

    Presently, the Ethiopian administration is staring to partially vend the interest of Ethio Telecom to foreign and local investors, with the primary investment staying under the administration custody. Nevertheless, there are suspicions that since the investment’s 40% stake would be acquired by foreign investors indirectly, it will enable foreign companies or individuals to be incorporated in the financial sector, which is entirely bestowed for Ethiopians and Ethiopian Diasporas.”

    On this note, Huawei Technologies has asserted attraction to endeavor into Ethiopia as the nation commences to open up its telecommunications sector. The corporation intends to solidify its stance as a dealer of the state-owned possession, Ethio Telecom, striving to order for alternatives in the nation.

     

    For New Africa Business News (NABN) Abdul Rahman Bangura Reports,  Africa Correspondent

    Facebook: newafricabusinessnews.com

    Email: Info@newafricabusinessnews.com

    AFRICA’S MOST READ AND FASTEST GROWING GLOBAL NEWSPAPER – www.newafricabusinessnews.com

    About the Author
    New Africa Business News Staff Correspondent
    • google-share
    Previous Story

    Actors Launch Coalition Dedicated to Agroecology in Africa

    Next Story

    Dangote Industries to take Advantage of Africa Continental Free Trade Area, Leverage Expansion and New Trade Routes

    12 Comments

    1. Simon January 16, 2021 at 8:37 am Reply

      Thank you for your reports and thank you for the newsletters. Manchester England. Simon

      • New Africa Business News, Staff Correspondent January 16, 2021 at 8:38 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    2. Zala January 16, 2021 at 8:44 am Reply

      Ethio is our own. Great company. Addis Ababa Ethiopia. Zala

      • New Africa Business News, Staff Correspondent January 16, 2021 at 8:45 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    3. Dani January 16, 2021 at 8:55 am Reply

      Ethio Telecom is one of the many growing modern telecommunication company in our great country. Asela Ethiopia. Dani

      • New Africa Business News, Staff Correspondent January 16, 2021 at 8:56 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    4. Ejo January 16, 2021 at 8:58 am Reply

      Congratulation, Journalist Bangura for the win. Accra Ghana. Ejo

      • New Africa Business News, Staff Correspondent January 16, 2021 at 8:59 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    5. Patrick January 16, 2021 at 9:03 am Reply

      Journalist Bangura. I like to congratulate you for winning, Africa Journalist of the year. Nairobi Kenya. Patrick

      • New Africa Business News, Staff Correspondent January 16, 2021 at 9:05 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    6. Chika January 16, 2021 at 9:10 am Reply

      Congrat Bangura and thank you for the reports. Fan of New Africa News. Lagos Nigeria. Chika

      • New Africa Business News, Staff Correspondent January 16, 2021 at 9:11 am Reply

        Thanks for reading, Africa’s fastest growing online newspaper. Please forward http://www.newafricabusinessnews.com

    Leave a Reply Cancel reply

    *
    *

    Members Area

    • Members Log In

    RECENT

    POPULAR

    COMMENTS

    AfDB President Dr. Akinwunmi Adesina has underscored the significance of Africa Restraining its Reserves and Manufacturing Lithium Batteries for Electric Vehicles to be part of the Global Electric Vehicle Revolution

    Posted On 02 Jun 2023

    African Development Bank’s 2023 African Economic Outlook Projects Africa to Become the Second-Fastest Growing Region After Asia

    Posted On 01 Jun 2023

    Ambassador Albert Muchanga African Union Commissioner for Trade And Industry – exhorted African Administrations to Marshal Mobile Domestic Finance by ways to carry out AU’s Agenda 2063

    Posted On 30 May 2023

    New Africa Business News, Africa Leader of the Year 2022-2023 Goes to Ethiopia's Prime Minister Dr. Abiy Ahmed

    Posted On 24 Feb 2023

    New Africa Business News 2022-2023 Person of The Year Goes to Professor Patrick Loch Otieno Lumumba (PLO Lumumba)

    Posted On 05 Jan 2023

    New Africa Business News, Person of the Year 2021-2022, Goes to African Women

    Posted On 29 Jan 2022

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Thanks for reading, Africa’s fastest...

    Posted On 26 Feb 2023

    Facebook

    Latest Posts

    AfDB President Dr. Akinwunmi Adesina has underscored the significance of Africa Restraining its Reserves and Manufacturing Lithium Batteries for Electric Vehicles to be part of the Global Electric Vehicle Revolution

    African Development Bank’s 2023 African Economic Outlook Projects Africa to Become the Second-Fastest Growing Region After Asia

    Ambassador Albert Muchanga African Union Commissioner for Trade And Industry – exhorted African Administrations to Marshal Mobile Domestic Finance by ways to carry out AU’s Agenda 2063

    Recent Posts

    • AfDB President Dr. Akinwunmi Adesina has underscored the significance of Africa Restraining its Reserves and Manufacturing Lithium Batteries for Electric Vehicles to be part of the Global Electric Vehicle Revolution
    • African Development Bank’s 2023 African Economic Outlook Projects Africa to Become the Second-Fastest Growing Region After Asia
    • Ambassador Albert Muchanga African Union Commissioner for Trade And Industry – exhorted African Administrations to Marshal Mobile Domestic Finance by ways to carry out AU’s Agenda 2063
    • African Nations Exhorted to take on Modern Sustainable City Planning to enable Stave Off Prospective Emergencies
    • South Africa’s Informal Economy Shows Signs of Movement to Switch toward Cashless Economy, Study

    Categories

    • Business
    • Education
    • Entertainment
    • Featured
    • Government
    • Immigrants
    • Investment
    • News
    • NGO
    • Obituary
    • Opinion
    • Public Notice
    • Sport
    • Video

    Tag Cloud

    african economy business africa

    Contact Form

    1. Name *
      * Please enter your name
    2. Email *
      * Please enter a valid email address
    3. Message *
      * Please enter message
    Copyright 2019 New Africa Business News, Inc. A Global International Company, Inc. All Rights Reserved.