remittance – New Business Ethiopia

Ethiopia receives $1.64 billion from diaspora in five months

December 31, 2021December 31, 2021BEHAK

Ethiopian Diaspora Agency said that Ethiopians in the diaspora have sent home $1.64 billion remittance in five months of this year using legal money transfer.

Commercial Bank of Ethiopia secures $2.4 billion remittances

June 14, 2021BEHAK

The state-owned Commercial Bank of Ethiopia (CBE) announced it has collected $2.4 billion in remittances from Ethiopians in the diaspora who sent money to their relatives in Ethiopia.

Dashen Bank of Ethiopia introduces new electronic remittance transfer

May 22, 2021BEHAK

Dashen Bank, one of the biggest private banks in Ethiopia of Ethiopia, partnered with Flutterwave, Africa’s leading payments technology company, and launched a new electronic remittance transfer platform.

Ethiopia secures $1.4 billion remittance from diaspora

January 11, 2021January 11, 2021newbusinessethiopianews

During the first five months of the budget year of the country started July 8, 2020, the Government of Ethiopia has secured $1.4 billion remittances from the Ethiopian diaspora who used legal banking channels to send money to their relatives.

Bunna Bank rewards hard currency generating customers

October 27, 2020December 11, 2020NBE

By Sisay Woubeshet – Bunna International Bank, one of the 16 private banks in Ethiopia, today awarded customers who received remittance through its formal banking system.

South Sudan – m–GURUSH launches international remittance service

April 28, 2020April 28, 2020

South Sudan’s first mobile money service, m–GURUSH has launched its International remittance service on their Mobile Money Platform.

CBE brings $1.7 billion remittance to Ethiopia in six months

January 25, 2020January 25, 2020newbusinessethiopianews

Commercial Bank of Ethiopia (CBE), the giant state owned financial institution, says in six months’ time it has received $1.7 billion remittance from Ethiopians living abroad who send money to their relatives.

WorldRemit set to boost Ethiopia’s remittance income

October 2, 2018October 3, 2018

WorldRemit, one of the fastest growing digital remittance transfer company in the world, is set to boost Ethiopia’s income from remittance by partnering with Abay Bank this morning.