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The desire to foster greater banking competition in Ethiopia

The desire to foster greater banking competition in Ethiopia

By Comr Amos Kalu The National Bank of Ethiopia unveiled new plans in May to let foreign competition enter the nation's banking industry. The state-owned Commercial Bank of Ethiopia currently controls the nation's banking sector. According to a 2019 estimate by Cepheus Growth Capital Partners, an investment management company with headquarters in Addis Ababa, the bank holds 62% of the country's assets and deposits. There are 29 banks in total in the nation, all of which are privately owned. Ethiopia intends to allow foreign competition in the nation's banking industry. What does this mean for businesses and people? However, the…
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Britons trapped in Sudan say relatives were not allowed on flights

Britons trapped in Sudan say relatives were not allowed on flights

British people trapped in Sudan have described being forced to make impossible choices about whether to fly home without family members the UK government will not allow on flights. Suleiman, a British national who asked to withhold his family name, said a British official had called him to say he could be evacuated with his two children only if he left his pregnant wife behind. His children are also British nationals, and their mother is a Sudanese citizen. “He said: ‘I’m sorry, you’re going to fly with your children, but your wife cannot.’ When I told him that’s impossible, the children are…
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India Leading Digital Revolution, Its Financial Inclusion Journey Can Be Example for Others: UN Officials

India Leading Digital Revolution, Its Financial Inclusion Journey Can Be Example for Others: UN Officials

India is at the vanguard of the digital revolution and its financial inclusion journey can be an example for other developing countries to look at, senior UN officials and economists have said. Speaking on Thursday at the ‘India Roundtable on Financial Inclusion', India's Permanent Representative to the UN Ambassador Ruchira Kamboj said the country takes financial inclusion seriously and it has led to social and economic empowerment of the people. “We believe India's financial inclusion journey can be an example for other developing countries to look at,” she said. The discussion, organized by the Permanent Mission of India to the UN, aimed…
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Well-deserved recognition: Lush Hair Nigeria celebrates hairstylists with a fun-filled hangout

Well-deserved recognition: Lush Hair Nigeria celebrates hairstylists with a fun-filled hangout

It was the 2nd edition of the Lush Hair Stylists Hang Out where the brand explicitly celebrated creativity, dedication, entrepreneurial spirit and most importantly the exceptional growth of Hairstylists in Lagos State. The event was hosted by two popular names and faces in the media and entertainment industry: Bukunmi Adeaga Ilori, a.k.a. “KieKie,” an ace producer, skit maker, and content creator who is even more well-known for her wealth of trackable experience in broadcasting and entertainment across digital and television platforms. Alongside her was the delectable Ilooise Omohinmin, a seasoned Nigerian host and producer of popular radio and TV programs…
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Ligue 1: Moffi scores in Lorient’s slim win against Rennes

Ligue 1: Moffi scores in Lorient’s slim win against Rennes

Terem Moffi was among the goal scorers as OGC Nice defeated Stade Rennes 2-1 in their Ligue 1 clash on Saturday. Gaetan Laborde gave Nice the lead five minutes after the break. Moffi doubled the home side’s advantage with a smart finish in the 72nd minute. It was the Nigeria international’s 17th goal in 30 league appearances this season. Benjamin Bourigeaud reduced the deficit for the visitors 12 minutes from time. Nice moved from 10th to eighth position on the table following the win.
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