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Kenya Port Fees to be Cut to Entice Ethiopia Towards Lamu Shipping Route

In a bid to attract more business to its newly constructed Lamu port, the Kenya Ports Authority (KPA) plans to lower tariffs next month. This comes as Kenya aims to entice landlocked Ethiopia’s substantial cargo volumes away from the Port of Djibouti, which currently serves as Ethiopia’s primary trade gateway.  The move also comes as […]

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Ethiopia’s Mobile Banking Users Grew Six-Fold Since COVID-19

Ethiopians using mobile banking services grew by more than six folds since the coronavirus pandemic came to the picture, according to the National Bank of Ethiopia. Until the end of the last month, there were over 20 million mobile banking users, a significant jump from 3.3 million customers registered before coronavirus strucks. Cash-based transactions discouraging measures

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