World Bank

US Dollar mobile wallets key to Ethiopia’s mobile money future

Mobile receipts of remittances are gaining traction as markets continue to be impacted digitally by COVID-19, say experts.
May 20, 2021

Research shows Sub-Saharan Africa most expensive for remittances

World Bank and KNOMAD release report reflecting drop in remittance rate in 2020, but expectation of growth in 2021.
May 18, 2021

Surge in remittances as Africa’s battle with COVID-19 continues

There are now more digital channels offering remittance delivery straight into bank and mobile wallet accounts.
May 13, 2021

World Bank to invest US$200m in Ethiopia’s telecommunications

Financial institution calls for government to open industry up to competition.
Apr 26, 2021

Ethio Telecom launches TeleBirr mobile money service

Telco makes move to consolidate market dominance ahead of entry of new operators.
Mar 8, 2021

Ethiopia to implement US$200m digital project

Five-year project will create incentives for private operators to develop cell phone towers and provide mobile broadband coverage, among other objectives.
Feb 26, 2021

IFC subscribes to 16% of Liquid Telecom’s US$620m bond issue

Company is facing risks linked to regional uncertainty, but is on course for steady revenue performance says ratings agency Fitch.
Nov 18, 2020

World Bank vows to ‘keep the remittance lifeline flowing’

Organisation warns of a decline in remittances to Sub-Saharan Africa due to COVID-19.
Nov 16, 2020

Africa's internet economy to contribute US$180bn by 2025

Research identifies internet connectivity and Africa’s growing start-up ecosystem as key drivers.
Aug 28, 2020

Facebook creates multimillion-rand grant for SA small business

The social media giant says the grant will assist local companies with cashflow in an effort to stimulate the COVID-hit economy.

Zambia records 126% growth of mobile money payments

Central Bank governor outlines situation at launch of the Zambia digital economic diagnostic report.