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Safaricom M-Pesa receives Ethiopian mobile money license, ending state monopoly

boss Cryptocurrency Market, News

The National Bank of Ethiopia (NBE) has issued a mobile money-service license to Safaricom M-Pesa Mobile Financial Service, it announced May 11. Previously, only Telebirr, part of the state-owned Ethio Telecom network, operated in that market.Kenya-based Safaricom was also the first company to break Ethio Telecom’s monopoly on Ethiopian mobile

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Gap Between Ethiopian Currency’s Official and Parallel Market Exchange Rate Grows to New Record – Africa Bitcoin News

boss Bitcoin News, News

The Ethiopian birr currency’s parallel exchange rate against the U.S. dollar recently dropped to a low of 92 birrs per dollar, a report has said. The report added that following this latest plunge, the gap between the birr’s official and parallel market exchange rates has widened to a record high.

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