New Business Ethiopia

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

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

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, 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.