Ethiopia launches mobile money schemes to extend banking reach

By Edmund Blair ADDIS ABABA, Feb 4 (Reuters) – Ethiopian banks and microfinance firms are launching mobile money services, helping reach swathes of the population that now have little access to branches or services, the mobile technology providers and banks said. The launch of the services, which allow customers to make payments or receive money

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Ethiopian bank to provide interest-free funds for pilgrims

The account, dubbed “Lebeik,” will allow Ethiopian Muslims to deposit money in savings for their Hajj and Umra pilgrimage, according to a statement issued following the signing of the agreement. World Bulletin / News Desk An Ethiopian bank has signed an agreement with the Islamic Affairs Supreme Council to provide an interest-free savings account for

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